Strs Ohio Has $940,000 Stock Holdings in The Andersons, Inc. $ANDE

Strs Ohio lifted its position in The Andersons, Inc. (NASDAQ:ANDE) by 204.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,100 shares of the basic materials company’s stock after buying an additional 8,800 shares during the period. Strs Ohio’s holdings in Andersons were worth $940,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on ANDE shares. Wall Street Zen raised Andersons from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. The Goldman Sachs Group cut shares of Andersons to a “buy” rating in a report on Thursday, June 18th. Weiss Ratings raised shares of Andersons from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, May 7th. UBS Group set a $90.00 price objective on shares of Andersons in a report on Wednesday, May 20th. Finally, Texas Capital raised shares of Andersons to a “strong-buy” rating in a research report on Thursday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Andersons presently has an average rating of “Buy” and a consensus price target of $85.00.

Andersons Price Performance

NASDAQ ANDE opened at $68.00 on Wednesday. The firm’s 50 day moving average is $71.37 and its 200-day moving average is $67.14. 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 capitalization of $2.32 billion, a PE ratio of 18.09 and a beta of 0.65. The Andersons, Inc. has a 12-month low of $31.84 and a 12-month high of $82.11.

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

Andersons Announces Dividend

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

Insider Buying and Selling at Andersons

In related news, Director Patrick E. Bowe sold 19,100 shares of Andersons stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $78.31, for a total value of $1,495,721.00. Following the sale, the director owned 94,875 shares of the company’s stock, valued at approximately $7,429,661.25. The trade was a 16.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 51,466 shares of company stock valued at $4,038,717. 4.30% of the stock is owned by company insiders.

About Andersons

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.