Quantbot Technologies LP Acquires New Shares in The Andersons, Inc. $ANDE

Quantbot Technologies LP purchased a new stake in The Andersons, Inc. (NASDAQ:ANDE) during the 2nd quarter, Holdings Channel reports. The fund purchased 28,402 shares of the basic materials company’s stock, valued at approximately $1,943,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in Andersons during the fourth quarter valued at about $5,273,000. NFJ Investment Group LLC acquired a new stake in Andersons in the second quarter worth $2,790,000. OP Asset Management Ltd acquired a new position in Andersons during the 1st quarter worth $12,228,000. UBS Group AG lifted its holdings in shares of Andersons by 34.9% in the fourth quarter. UBS Group AG now owns 72,808 shares of the basic materials company’s stock valued at $3,871,000 after buying an additional 18,828 shares during the period. Finally, Brandywine Global Investment Management LLC lifted its position in shares of Andersons by 270.5% during the 4th quarter. Brandywine Global Investment Management LLC now owns 65,116 shares of the basic materials company’s stock valued at $3,462,000 after acquiring an additional 47,539 shares during the last quarter. 87.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on ANDE. Weiss Ratings raised Andersons from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 18th. Wall Street Zen upgraded shares of Andersons from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Texas Capital raised shares of Andersons to a “strong-buy” rating in a research note on Thursday, June 18th. Benchmark reaffirmed a “buy” rating on shares of Andersons in a report on Monday, June 15th. Finally, The Goldman Sachs Group cut Andersons to a “buy” rating in a report on Thursday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $95.00.

Andersons Price Performance

ANDE opened at $65.76 on Tuesday. The Andersons, Inc. has a 12-month low of $37.69 and a 12-month high of $82.11. The company has a current ratio of 1.51, a quick ratio of 0.81 and a debt-to-equity ratio of 0.42. The company has a market cap of $2.24 billion, a price-to-earnings ratio of 12.69 and a beta of 0.66. The stock has a fifty day simple moving average of $70.72 and a two-hundred day simple moving average of $70.65.

Andersons (NASDAQ:ANDE) last announced its quarterly earnings results on Monday, August 3rd. The basic materials company reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.48 by $0.67. Andersons had a net margin of 1.62% and a return on equity of 16.23%. The firm had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.28 billion. During the same quarter last year, the firm posted $0.24 EPS. The business’s quarterly revenue 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 Thursday, October 22nd. Shareholders of record on Thursday, October 1st will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, October 1st. Andersons’s payout ratio is presently 15.44%.

Insider Buying and Selling at Andersons

In other Andersons news, Director Patrick E. Bowe sold 3,534 shares of the business’s stock in a transaction on Wednesday, July 22nd. The shares were sold at an average price of $80.53, for a total transaction of $284,593.02. Following the transaction, 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. Corporate insiders own 4.30% of the company’s stock.

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.