PAX Financial Group LLC Acquires Shares of 6,156 The Andersons, Inc. $ANDE

PAX Financial Group LLC acquired a new position in shares of The Andersons, Inc. (NASDAQ:ANDE) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 6,156 shares of the basic materials company’s stock, valued at approximately $226,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vest Financial LLC boosted its holdings in shares of Andersons by 43.5% in the second quarter. Vest Financial LLC now owns 98,442 shares of the basic materials company’s stock valued at $3,618,000 after acquiring an additional 29,858 shares in the last quarter. Inspire Advisors LLC acquired a new stake in Andersons in the first quarter valued at about $230,000. Mutual of America Capital Management LLC purchased a new stake in Andersons in the 1st quarter valued at approximately $201,000. Acadian Asset Management LLC increased its position in Andersons by 61.8% during the 1st quarter. Acadian Asset Management LLC now owns 67,745 shares of the basic materials company’s stock worth $2,903,000 after purchasing an additional 25,885 shares during the period. Finally, Hsbc Holdings PLC purchased a new position in shares of Andersons during the 1st quarter worth approximately $1,021,000. 87.06% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Andersons in a report on Wednesday, October 8th. BMO Capital Markets boosted their target price on shares of Andersons from $45.00 to $50.00 and gave the stock a “market perform” rating in a research report on Thursday, November 6th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $53.33.

Insider Buying and Selling

In related news, VP Anne G. Rex sold 3,000 shares of the stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $51.36, for a total transaction of $154,080.00. Following the sale, the vice president owned 23,549 shares of the company’s stock, valued at $1,209,476.64. This trade represents a 11.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 4.30% of the company’s stock.

Andersons Stock Performance

Shares of ANDE stock opened at $49.03 on Tuesday. The stock has a fifty day moving average price of $43.94 and a 200 day moving average price of $39.46. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.30 and a current ratio of 2.01. The stock has a market cap of $1.66 billion, a PE ratio of 20.86 and a beta of 0.76. The Andersons, Inc. has a 1 year low of $31.03 and a 1 year high of $51.89.

Andersons (NASDAQ:ANDE) last announced its quarterly earnings results on Tuesday, November 4th. The basic materials company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.38. Andersons had a return on equity of 5.28% and a net margin of 0.70%.The business had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.85 billion. During the same quarter last year, the business posted $0.80 earnings per share. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. Sell-side analysts forecast that The Andersons, Inc. will post 3.11 earnings per share for the current fiscal year.

Andersons Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st were issued a $0.195 dividend. This represents a $0.78 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Wednesday, October 1st. Andersons’s dividend payout ratio is 36.45%.

Andersons Company Profile

The Andersons, Inc operates in trade, renewables, and nutrient and industrial sectors in the United States, Canada, Mexico, Egypt, Switzerland, and internationally. It operates through three segments: Trade, Renewables, and Nutrient & Industrial. The company’s Trade segment operates grain elevators; stores commodities; and provides grain marketing, risk management, and origination services, as well as sells commodities, such as corn, soybeans, wheat, oats, ethanol, and corn oil.