Cwm LLC Trims Holdings in The Andersons, Inc. $ANDE

Cwm LLC trimmed its stake in shares of The Andersons, Inc. (NASDAQ:ANDE) by 45.1% during the third quarter, HoldingsChannel.com reports. The firm owned 12,150 shares of the basic materials company’s stock after selling 9,964 shares during the quarter. Cwm LLC’s holdings in Andersons were worth $484,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the stock. SummerHaven Investment Management LLC grew its holdings in Andersons by 2.2% during the 2nd quarter. SummerHaven Investment Management LLC now owns 16,967 shares of the basic materials company’s stock valued at $624,000 after buying an additional 371 shares in the last quarter. Croban grew its stake in Andersons by 1.6% during the second quarter. Croban now owns 25,026 shares of the basic materials company’s stock valued at $920,000 after acquiring an additional 402 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Andersons by 7.7% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,279 shares of the basic materials company’s stock worth $304,000 after acquiring an additional 591 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Andersons by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,425 shares of the basic materials company’s stock worth $834,000 after purchasing an additional 866 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its holdings in Andersons by 3.4% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 29,604 shares of the basic materials company’s stock valued at $1,088,000 after purchasing an additional 984 shares during the period. Institutional investors own 87.06% of the company’s stock.

Insider Activity

In other Andersons news, Director John T. Stout, Jr. sold 12,500 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $51.77, for a total transaction of $647,125.00. Following the completion of the transaction, the director owned 33,441 shares of the company’s stock, valued at $1,731,240.57. This represents a 27.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Anne G. Rex sold 3,000 shares of Andersons stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $51.36, for a total value of $154,080.00. Following the completion of the sale, the vice president owned 23,549 shares in the company, valued at approximately $1,209,476.64. This represents a 11.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 20,500 shares of company stock valued at $1,076,205. Insiders own 4.30% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Andersons in a report on Wednesday, October 8th. BMO Capital Markets upgraded Andersons from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $50.00 to $65.00 in a research note on Wednesday, December 10th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Andersons currently has an average rating of “Moderate Buy” and an average target price of $58.33.

Andersons Stock Up 1.3%

ANDE opened at $54.83 on Friday. The Andersons, Inc. has a 12 month low of $31.03 and a 12 month high of $56.47. The company has a current ratio of 1.47, a quick ratio of 0.80 and a debt-to-equity ratio of 0.47. The business’s 50-day moving average price is $51.72 and its 200-day moving average price is $43.99. The company has a market cap of $1.86 billion, a P/E ratio of 25.62 and a beta of 0.78.

Andersons (NASDAQ:ANDE) last issued its earnings results on Tuesday, November 4th. The basic materials company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.38. Andersons had a net margin of 0.63% and a return on equity of 5.83%. The firm had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.85 billion. During the same quarter last year, the business earned $0.80 earnings per share. The business’s revenue was up 2.2% on a year-over-year basis. On average, equities analysts expect that The Andersons, Inc. will post 3.11 EPS for the current year.

Andersons Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 23rd. Stockholders of record on Friday, January 2nd will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.5%. This is a positive change from Andersons’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Friday, January 2nd. Andersons’s payout ratio is currently 37.38%.

Andersons Profile

The Andersons, Inc operates as a diversified agriculture company offering a broad range of products and services to farmers, retailers and industrial customers. Through its Grain Group, the company purchases, stores, merchandises and transports corn, soybeans and other commodities, while its Renewables Group produces ethanol and distillers grains at multiple plants in the U.S. The Rail Group provides locomotive leasing, railcar repair and related maintenance services, and the Horticulture Group supplies turf, specialty and horticultural products to landscaping professionals and consumer lawn and garden retailers.

Founded in 1947 and headquartered in Maumee, Ohio, The Andersons has grown from a regional grain elevator operator into an integrated agribusiness platform.