Guggenheim Capital LLC Has $2.02 Million Position in The Andersons, Inc. (ANDE)
Guggenheim Capital LLC trimmed its holdings in The Andersons, Inc. (NASDAQ:ANDE) by 14.1% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 64,979 shares of the basic materials company’s stock after selling 10,656 shares during the period. Guggenheim Capital LLC owned approximately 0.23% of The Andersons worth $2,024,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of ANDE. SG Americas Securities LLC grew its position in The Andersons by 82.7% in the third quarter. SG Americas Securities LLC now owns 5,498 shares of the basic materials company’s stock worth $188,000 after acquiring an additional 2,489 shares during the period. Teacher Retirement System of Texas acquired a new position in The Andersons during the fourth quarter worth $284,000. Crossmark Global Holdings Inc. lifted its stake in The Andersons by 32.1% during the fourth quarter. Crossmark Global Holdings Inc. now owns 13,695 shares of the basic materials company’s stock worth $427,000 after purchasing an additional 3,330 shares in the last quarter. Amundi Pioneer Asset Management Inc. acquired a new position in The Andersons during the fourth quarter worth $445,000. Finally, Investors Research Corp acquired a new position in The Andersons during the fourth quarter worth $942,000. Institutional investors own 77.71% of the company’s stock.
ANDE has been the topic of a number of research reports. TheStreet upgraded The Andersons from a “c+” rating to a “b” rating in a research note on Wednesday, March 21st. ValuEngine cut The Andersons from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. Finally, BidaskClub cut The Andersons from a “hold” rating to a “sell” rating in a research note on Tuesday, April 3rd. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. The company currently has an average rating of “Hold” and an average target price of $34.50.
The Andersons (NASDAQ:ANDE) last released its quarterly earnings results on Wednesday, February 14th. The basic materials company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.20. The Andersons had a return on equity of 4.83% and a net margin of 1.12%. The company had revenue of $1 billion for the quarter, compared to analysts’ expectations of $1.21 billion. During the same period in the prior year, the firm earned $0.36 earnings per share. The firm’s revenue was down 9.8% compared to the same quarter last year. analysts anticipate that The Andersons, Inc. will post 1.94 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 23rd. Stockholders of record on Monday, April 2nd will be paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.98%. The ex-dividend date is Thursday, March 29th. The Andersons’s payout ratio is currently 57.39%.
In other news, VP Naran Uchur Burchinow sold 800 shares of the stock in a transaction on Wednesday, March 14th. The stock was sold at an average price of $36.05, for a total value of $28,840.00. Following the sale, the vice president now directly owns 25,463 shares in the company, valued at $917,941.15. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Rasesh H. Shah sold 9,000 shares of the stock in a transaction on Monday, March 19th. The shares were sold at an average price of $34.50, for a total value of $310,500.00. Following the completion of the sale, the director now owns 24,728 shares in the company, valued at $853,116. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,000 shares of company stock worth $1,143,430. Insiders own 5.50% of the company’s stock.
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The Andersons Company Profile
The Andersons, Inc, an agriculture company, operates in the grain, ethanol, plant nutrient, and rail sectors in the United States and internationally. The company's Grain segment operates grain elevators; stores grains; and provides grain marketing, risk management, and corn origination services to its customers and affiliated ethanol facilities.
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