Hsbc Holdings PLC Sells 7,488 Shares of The Andersons, Inc. $ANDE

Hsbc Holdings PLC reduced its holdings in The Andersons, Inc. (NASDAQ:ANDE) by 23.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,241 shares of the basic materials company’s stock after selling 7,488 shares during the period. Hsbc Holdings PLC owned approximately 0.07% of Andersons worth $1,289,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ANDE. Dimensional Fund Advisors LP raised its position in shares of Andersons by 0.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,349,243 shares of the basic materials company’s stock valued at $124,910,000 after acquiring an additional 17,278 shares during the last quarter. Rubric Capital Management LP acquired a new stake in shares of Andersons during the fourth quarter worth $53,469,000. Geode Capital Management LLC increased its holdings in Andersons by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 822,812 shares of the basic materials company’s stock valued at $43,757,000 after purchasing an additional 3,259 shares during the last quarter. Victory Capital Management Inc. increased its holdings in Andersons by 354.7% in the fourth quarter. Victory Capital Management Inc. now owns 731,019 shares of the basic materials company’s stock valued at $38,868,000 after purchasing an additional 570,245 shares during the last quarter. Finally, Ophir Asset Management Pty Ltd acquired a new position in Andersons in the fourth quarter valued at about $38,746,000. 87.06% of the stock is owned by institutional investors.

Andersons Stock Performance

Shares of ANDE stock opened at $67.37 on Thursday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.62 and a current ratio of 1.37. The Andersons, Inc. has a 52 week low of $31.84 and a 52 week high of $82.11. The company’s 50 day moving average price is $72.09 and its two-hundred day moving average price is $66.80. The company has a market capitalization of $2.29 billion, a P/E ratio of 17.92 and a beta of 0.65.

Andersons (NASDAQ:ANDE) last released its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.42. Andersons had a net margin of 1.17% and a return on equity of 10.68%. The company had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.71 billion. During the same quarter in the prior year, the company earned $0.12 earnings per share. The business’s quarterly revenue was down 1.2% compared to the same quarter last year.

Andersons Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 1st will be paid a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $0.80 dividend on an annualized basis and a yield of 1.2%. Andersons’s dividend payout ratio is presently 21.28%.

Insiders Place Their Bets

In other Andersons news, Director Patrick E. Bowe sold 19,100 shares of the stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $78.31, for a total transaction of $1,495,721.00. Following the completion of the transaction, the director owned 94,875 shares in the company, valued at approximately $7,429,661.25. This represents a 16.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 66,466 shares of company stock valued at $5,153,667. 4.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

ANDE has been the topic of a number of recent analyst reports. Wall Street Zen upgraded Andersons from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Texas Capital upgraded shares of Andersons to a “strong-buy” rating in a research report on Thursday, June 18th. Benchmark reissued a “buy” rating on shares of Andersons in a research note on Monday, June 15th. Weiss Ratings upgraded shares of Andersons from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. Finally, The Goldman Sachs Group downgraded shares of Andersons to a “buy” rating in a research note on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $85.00.

Andersons Company 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.