Sterling Capital Management LLC Trims Stock Position in The Andersons, Inc. $ANDE

Sterling Capital Management LLC cut its holdings in shares of The Andersons, Inc. (NASDAQ:ANDE) by 88.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,074 shares of the basic materials company’s stock after selling 8,284 shares during the quarter. Sterling Capital Management LLC’s holdings in Andersons were worth $77,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ANDE. Uniplan Investment Counsel Inc. acquired a new position in shares of Andersons during the 4th quarter valued at about $25,000. Optima Capital LLC acquired a new stake in shares of Andersons in the fourth quarter worth approximately $32,000. Larson Financial Group LLC boosted its position in shares of Andersons by 33,600.0% in the third quarter. Larson Financial Group LLC now owns 1,011 shares of the basic materials company’s stock worth $40,000 after acquiring an additional 1,008 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in Andersons by 95.2% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 820 shares of the basic materials company’s stock valued at $44,000 after purchasing an additional 400 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in Andersons by 34.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 962 shares of the basic materials company’s stock valued at $51,000 after purchasing an additional 246 shares during the period. Hedge funds and other institutional investors own 87.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on ANDE shares. UBS Group set a $90.00 price target on shares of Andersons in a research note on Wednesday, May 20th. The Goldman Sachs Group cut shares of Andersons to a “buy” rating in a research note on Thursday, June 18th. Benchmark restated a “buy” rating on shares of Andersons in a report on Monday, June 15th. Texas Capital raised Andersons to a “strong-buy” rating in a research report on Thursday, June 18th. Finally, Wall Street Zen upgraded Andersons from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Andersons presently has an average rating of “Buy” and a consensus target price of $85.00.

Insider Buying and Selling

In other Andersons news, Director Patrick E. Bowe sold 19,100 shares of the business’s 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 transaction, the director owned 94,875 shares in the company, valued at $7,429,661.25. The trade was a 16.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 51,466 shares of company stock valued at $4,038,717 over the last 90 days. Company insiders own 4.30% of the company’s stock.

Andersons Trading Up 6.0%

NASDAQ ANDE opened at $72.05 on Thursday. The firm has a market capitalization of $2.45 billion, a price-to-earnings ratio of 19.16 and a beta of 0.65. 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 one year low of $31.84 and a one year high of $82.11. The company’s 50 day moving average price is $71.29 and its 200 day moving average price is $67.26.

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

Andersons Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 1st will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.1%. The ex-dividend date is Wednesday, July 1st. Andersons’s dividend payout ratio is currently 21.28%.

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.