Segall Bryant & Hamill LLC Makes New Investment in The Andersons, Inc. $ANDE

Segall Bryant & Hamill LLC purchased a new position in shares of The Andersons, Inc. (NASDAQ:ANDE) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,635 shares of the basic materials company’s stock, valued at approximately $585,000.

A number of other hedge funds have also recently made changes to their positions in ANDE. Dimensional Fund Advisors LP raised its position in Andersons by 0.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,349,243 shares of the basic materials company’s stock worth $124,910,000 after purchasing an additional 17,278 shares during the period. Rubric Capital Management LP purchased a new stake in Andersons during the fourth quarter valued at about $53,469,000. Janus Henderson Group PLC boosted its position in Andersons by 35.1% during the first quarter. Janus Henderson Group PLC now owns 860,942 shares of the basic materials company’s stock valued at $61,768,000 after buying an additional 223,600 shares during the period. Geode Capital Management LLC grew its stake in shares of Andersons by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 822,812 shares of the basic materials company’s stock valued at $43,757,000 after buying an additional 3,259 shares during the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of Andersons by 354.7% during the fourth quarter. Victory Capital Management Inc. now owns 731,019 shares of the basic materials company’s stock valued at $38,868,000 after buying an additional 570,245 shares during the last quarter. 87.06% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Patrick E. Bowe sold 3,534 shares of Andersons stock in a transaction on Wednesday, July 22nd. The shares were sold at an average price of $80.53, for a total value of $284,593.02. Following the sale, the director owned 74,875 shares in the company, valued at $6,029,683.75. The trade was a 4.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 4.30% of the stock is owned by insiders.

Andersons Stock Down 6.4%

Shares of NASDAQ:ANDE opened at $69.75 on Thursday. The Andersons, Inc. has a 1 year low of $34.78 and a 1 year high of $82.11. The company has a market cap of $2.37 billion, a PE ratio of 13.47 and a beta of 0.66. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.51 and a quick ratio of 0.62. The stock’s 50-day moving average is $72.16 and its 200 day moving average is $70.12.

Andersons (NASDAQ:ANDE) last released its quarterly earnings data on Monday, August 3rd. The basic materials company reported $2.15 earnings per share for the quarter, topping the consensus estimate of $1.48 by $0.67. The business had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.28 billion. Andersons had a return on equity of 16.23% and a net margin of 1.62%.The business’s revenue was down 1.2% on a year-over-year basis. During the same quarter last year, the business posted $0.24 EPS.

Andersons Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 22nd. Investors of record on Wednesday, July 1st were paid a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $0.80 dividend on an annualized basis and a yield of 1.1%. Andersons’s dividend payout ratio (DPR) is presently 21.28%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Weiss Ratings raised Andersons from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, May 7th. Texas Capital raised Andersons to a “strong-buy” rating in a research note on Thursday, June 18th. Deutsche Bank Aktiengesellschaft set a $110.00 price objective on Andersons in a research report on Tuesday. UBS Group set a $90.00 target price on shares of Andersons in a report on Wednesday, May 20th. Finally, Benchmark reaffirmed a “buy” rating on shares of Andersons in a research note on Monday, June 15th. One 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’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $95.00.

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.