Y Intercept Hong Kong Ltd Purchases New Shares in The Andersons, Inc. $ANDE

Y Intercept Hong Kong Ltd bought a new position in The Andersons, Inc. (NASDAQ:ANDE) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 33,164 shares of the basic materials company’s stock, valued at approximately $1,320,000.

A number of other large investors have also made changes to their positions in ANDE. AQR Capital Management LLC boosted its stake in Andersons by 5.5% in the 1st quarter. AQR Capital Management LLC now owns 40,727 shares of the basic materials company’s stock worth $1,748,000 after purchasing an additional 2,137 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of 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 valued at $834,000 after purchasing an additional 866 shares during the period. State of Alaska Department of Revenue lifted its position in shares of Andersons by 7.9% in the second quarter. State of Alaska Department of Revenue now owns 19,206 shares of the basic materials company’s stock worth $705,000 after purchasing an additional 1,404 shares in the last quarter. Croban boosted its holdings in shares of Andersons by 1.6% during the second quarter. Croban now owns 25,026 shares of the basic materials company’s stock worth $920,000 after purchasing an additional 402 shares during the period. Finally, Trust Co. of Toledo NA OH purchased a new position in Andersons during the second quarter valued at approximately $114,000. Institutional investors and hedge funds own 87.06% of the company’s stock.

Analysts Set New Price Targets

ANDE has been the subject of a number of research analyst reports. BMO Capital Markets upgraded shares of Andersons from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $50.00 to $65.00 in a research report on Wednesday, December 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Andersons in a report on Wednesday, January 21st. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $58.33.

Andersons Trading Down 0.7%

Shares of NASDAQ:ANDE opened at $61.99 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.80 and a current ratio of 1.47. The stock’s 50-day moving average is $54.77 and its 200-day moving average is $46.27. The company has a market cap of $2.10 billion, a P/E ratio of 28.97 and a beta of 0.78. The Andersons, Inc. has a 52-week low of $31.03 and a 52-week high of $62.49.

Andersons (NASDAQ:ANDE) last posted its quarterly earnings data on Tuesday, November 4th. The basic materials company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.38. Andersons had a return on equity of 5.83% and a net margin of 0.63%.The company had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.85 billion. During the same period in the prior year, the business earned $0.80 earnings per share. Andersons’s revenue for the quarter was up 2.2% compared to the same quarter last year. Equities research analysts predict that The Andersons, Inc. will post 3.11 earnings per share for the current year.

Andersons Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 23rd. Stockholders of record on Friday, January 2nd were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, January 2nd. This is a positive change from Andersons’s previous quarterly dividend of $0.20. Andersons’s payout ratio is 37.38%.

Insider Activity

In other Andersons news, Director John T. Stout, Jr. sold 5,000 shares of the company’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $55.00, for a total value of $275,000.00. Following the sale, the director directly owned 25,941 shares in the company, valued at $1,426,755. This represents a 16.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Anne G. Rex sold 3,000 shares of the company’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $51.36, for a total transaction of $154,080.00. Following the completion of the sale, the vice president directly owned 23,549 shares in the company, valued at approximately $1,209,476.64. The trade was a 11.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 20,500 shares of company stock worth $1,076,205. 4.30% of the stock is owned by company insiders.

About Andersons

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.