De Lisle Partners LLP Makes New Investment in The Andersons, Inc. $ANDE

De Lisle Partners LLP purchased a new position in shares of The Andersons, Inc. (NASDAQ:ANDE) in the second quarter, HoldingsChannel reports. The fund purchased 49,269 shares of the basic materials company’s stock, valued at approximately $3,371,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. AQR Capital Management LLC lifted its stake in shares of Andersons by 5.5% during the 1st quarter. AQR Capital Management LLC now owns 40,727 shares of the basic materials company’s stock worth $1,748,000 after purchasing an additional 2,137 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Andersons by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,425 shares of the basic materials company’s stock valued at $834,000 after purchasing an additional 866 shares during the period. Cetera Investment Advisers acquired a new position in Andersons in the second quarter valued at $257,000. XTX Topco Ltd acquired a new position in Andersons in the second quarter valued at $201,000. Finally, Norges Bank purchased a new position in Andersons during the second quarter worth about $1,036,000. 87.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on the company. The Goldman Sachs Group cut Andersons to a “buy” rating in a report on Thursday, June 18th. BMO Capital Markets raised their target price on shares of Andersons from $75.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Benchmark reaffirmed a “buy” rating on shares of Andersons in a research report on Monday, June 15th. Weiss Ratings raised shares of Andersons from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday. Finally, Wall Street Zen upgraded shares of Andersons from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. One research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company’s stock. Based on data from MarketBeat, Andersons has an average rating of “Buy” and an average target price of $95.00.

Insider Buying and Selling at Andersons

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 transaction of $284,593.02. Following the transaction, the director owned 74,875 shares in the company, valued at approximately $6,029,683.75. The trade was a 4.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 4.30% of the company’s stock.

Andersons Stock Performance

NASDAQ ANDE opened at $68.06 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.51 and a quick ratio of 0.81. The Andersons, Inc. has a 1-year low of $37.69 and a 1-year high of $82.11. The firm has a market capitalization of $2.32 billion, a P/E ratio of 13.14 and a beta of 0.66. The business’s 50-day simple moving average is $70.80 and its 200-day simple moving average is $70.59.

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

Andersons Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 22nd. Stockholders of record on Thursday, October 1st will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, October 1st. Andersons’s dividend payout ratio (DPR) is currently 15.44%.

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.