UBS Group AG Grows Stake in The Andersons, Inc. $ANDE

UBS Group AG boosted its position in The Andersons, Inc. (NASDAQ:ANDE) by 34.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 72,808 shares of the basic materials company’s stock after buying an additional 18,828 shares during the period. UBS Group AG’s holdings in Andersons were worth $3,871,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC increased its position in Andersons by 34.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 962 shares of the basic materials company’s stock worth $51,000 after buying an additional 246 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Andersons by 34.8% in the fourth quarter. GAMMA Investing LLC now owns 1,266 shares of the basic materials company’s stock valued at $67,000 after acquiring an additional 327 shares in the last quarter. Amalgamated Bank boosted its stake in shares of Andersons by 3.9% during the third quarter. Amalgamated Bank now owns 9,524 shares of the basic materials company’s stock valued at $379,000 after acquiring an additional 356 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in shares of Andersons by 7.3% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 7,281 shares of the basic materials company’s stock valued at $290,000 after acquiring an additional 493 shares during the last quarter. Finally, Optima Capital LLC purchased a new stake in Andersons during the 4th quarter worth about $32,000. Hedge funds and other institutional investors own 87.06% of the company’s stock.

Insider Activity

In other news, Director John T. Stout, Jr. sold 2,500 shares of Andersons stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $70.30, for a total value of $175,750.00. Following the completion of the sale, the director owned 23,441 shares of the company’s stock, valued at $1,647,902.30. The trade was a 9.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Patrick E. Bowe sold 16,466 shares of Andersons stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $80.76, for a total value of $1,329,794.16. Following the completion of the sale, the director directly owned 78,409 shares of the company’s stock, valued at approximately $6,332,310.84. This represents a 17.36% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 95,565 shares of company stock valued at $7,191,438 over the last quarter. Company insiders own 4.30% of the company’s stock.

Andersons Price Performance

Shares of NASDAQ:ANDE opened at $70.85 on Friday. The company has a market cap of $2.41 billion, a P/E ratio of 18.84 and a beta of 0.69. 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 Andersons, Inc. has a 52 week low of $31.84 and a 52 week high of $82.11. The business has a fifty day simple moving average of $72.49 and a 200-day simple moving average of $62.58.

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

Analyst Ratings Changes

ANDE has been the subject of a number of recent research reports. UBS Group set a $90.00 price objective on Andersons in a research report on Wednesday. BMO Capital Markets lifted their price objective on Andersons from $65.00 to $75.00 and gave the stock an “outperform” rating in a research report on Thursday, February 19th. Wall Street Zen upgraded Andersons from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Weiss Ratings upgraded Andersons from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, May 7th. Finally, Benchmark lifted their price objective on Andersons from $75.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $85.00.

Andersons 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.