Louisiana State Employees Retirement System Invests $1.07 Million in The Andersons, Inc. $ANDE

Louisiana State Employees Retirement System acquired a new stake in shares of The Andersons, Inc. (NASDAQ:ANDE) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 14,900 shares of the basic materials company’s stock, valued at approximately $1,070,000.

Other hedge funds also recently bought and sold shares of the company. Tudor Investment Corp ET AL boosted its stake in shares of Andersons by 149.9% in the 3rd quarter. Tudor Investment Corp ET AL now owns 153,572 shares of the basic materials company’s stock valued at $6,114,000 after purchasing an additional 92,110 shares in the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in Andersons in the 4th quarter worth $5,273,000. Segall Bryant & Hamill LLC bought a new stake in Andersons in the third quarter worth $1,426,000. Teacher Retirement System of Texas lifted its stake in Andersons by 25.6% in the fourth quarter. Teacher Retirement System of Texas now owns 165,999 shares of the basic materials company’s stock worth $8,826,000 after purchasing an additional 33,873 shares during the last quarter. Finally, SG Americas Securities LLC boosted its position in Andersons by 564.4% during the fourth quarter. SG Americas Securities LLC now owns 122,734 shares of the basic materials company’s stock valued at $6,526,000 after buying an additional 104,260 shares during the period. Institutional investors own 87.06% of the company’s stock.

Insider Buying and Selling at Andersons

In related news, Director Patrick E. Bowe sold 16,466 shares of the business’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $80.76, for a total transaction of $1,329,794.16. Following the transaction, the director owned 78,409 shares in the company, valued at $6,332,310.84. The trade was a 17.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 66,466 shares of company stock worth $5,153,667. Insiders own 4.30% of the company’s stock.

Andersons Price Performance

Shares of Andersons stock opened at $66.30 on Friday. The company has a quick ratio of 0.62, a current ratio of 1.37 and a debt-to-equity ratio of 0.43. The company has a market cap of $2.26 billion, a PE ratio of 17.63 and a beta of 0.65. The business has a 50 day moving average of $71.71 and a 200 day moving average of $66.89. The Andersons, Inc. has a 52 week low of $31.84 and a 52 week high of $82.11.

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. The business had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.71 billion. Andersons had a net margin of 1.17% and a return on equity of 10.68%. The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.12 earnings per share.

Andersons Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts have recently issued reports on ANDE shares. UBS Group set a $90.00 price objective on Andersons in a research note on Wednesday, May 20th. The Goldman Sachs Group lowered Andersons to a “buy” rating in a research note on Thursday, June 18th. Texas Capital upgraded Andersons to a “strong-buy” rating in a report on Thursday, June 18th. Benchmark restated a “buy” rating on shares of Andersons in a research report on Monday, June 15th. Finally, Weiss Ratings upgraded Andersons from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus 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.