The Andersons, Inc. $ANDE Shares Acquired by Rhumbline Advisers

Rhumbline Advisers grew its stake in The Andersons, Inc. (NASDAQ:ANDE) by 16.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 115,588 shares of the basic materials company’s stock after buying an additional 16,692 shares during the quarter. Rhumbline Advisers’ holdings in Andersons were worth $4,602,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Amalgamated Bank increased its stake in Andersons by 3.9% in the third quarter. Amalgamated Bank now owns 9,524 shares of the basic materials company’s stock valued at $379,000 after purchasing an additional 356 shares during the last quarter. Summit Place Financial Advisors LLC increased its holdings in shares of Andersons by 1.7% in the 3rd quarter. Summit Place Financial Advisors LLC now owns 23,032 shares of the basic materials company’s stock valued at $917,000 after acquiring an additional 390 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in shares of Andersons by 7.3% in the 3rd 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 period. Louisiana State Employees Retirement System raised its position in Andersons by 3.3% in the 3rd quarter. Louisiana State Employees Retirement System now owns 15,600 shares of the basic materials company’s stock valued at $621,000 after purchasing an additional 500 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Andersons by 7.7% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,279 shares of the basic materials company’s stock worth $304,000 after purchasing an additional 591 shares during the period. Institutional investors and hedge funds own 87.06% of the company’s stock.

Andersons Price Performance

Shares of ANDE opened at $64.58 on Wednesday. The company has a current ratio of 1.41, a quick ratio of 0.60 and a debt-to-equity ratio of 0.43. The stock’s 50 day moving average is $59.69 and its two-hundred day moving average is $50.00. The Andersons, Inc. has a twelve month low of $31.03 and a twelve month high of $70.06. The firm has a market capitalization of $2.19 billion, a PE ratio of 23.06 and a beta of 0.77.

Andersons (NASDAQ:ANDE) last issued its earnings results on Tuesday, February 17th. The basic materials company reported $2.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.56 by $0.48. Andersons had a return on equity of 7.76% and a net margin of 0.87%.The business had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.69 billion. During the same period in the prior year, the business posted $1.31 EPS. The company’s revenue for the quarter was down 18.8% on a year-over-year basis. Research analysts anticipate that The Andersons, Inc. will post 3.11 earnings per share for the current year.

Andersons Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 1st will be issued a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $0.80 dividend on an annualized basis and a yield of 1.2%. Andersons’s dividend payout ratio (DPR) is 28.57%.

Insider Activity at Andersons

In other news, Director John T. Stout, Jr. sold 5,000 shares of the company’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $55.00, for a total transaction of $275,000.00. Following the transaction, the director directly owned 25,941 shares of the company’s stock, valued at $1,426,755. This represents a 16.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 4.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on ANDE shares. Weiss Ratings restated a “hold (c)” rating on shares of Andersons in a research note on Wednesday, January 21st. Benchmark restated a “buy” rating on shares of Andersons in a research report on Wednesday, February 18th. BMO Capital Markets upped their price objective on Andersons from $65.00 to $75.00 and gave the company an “outperform” rating in a research note on Thursday, February 19th. Finally, Wall Street Zen upgraded Andersons from a “hold” rating to a “buy” rating in a research note on Saturday. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Andersons currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.33.

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.