SG Americas Securities LLC Purchases 104,260 Shares of The Andersons, Inc. $ANDE

SG Americas Securities LLC lifted its position in shares of The Andersons, Inc. (NASDAQ:ANDE) by 564.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 122,734 shares of the basic materials company’s stock after buying an additional 104,260 shares during the quarter. SG Americas Securities LLC’s holdings in Andersons were worth $6,526,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC bought a new position in Andersons in the 3rd quarter valued at approximately $30,000. Larson Financial Group LLC increased its holdings in shares of Andersons by 33,600.0% in the 3rd quarter. Larson Financial Group LLC now owns 1,011 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 1,008 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Andersons by 34.8% in the fourth quarter. GAMMA Investing LLC now owns 1,266 shares of the basic materials company’s stock worth $67,000 after purchasing an additional 327 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Andersons by 227.9% in the second quarter. Tower Research Capital LLC TRC now owns 2,954 shares of the basic materials company’s stock worth $109,000 after purchasing an additional 2,053 shares during the last quarter. Finally, Canada Pension Plan Investment Board lifted its holdings in shares of Andersons by 57.1% during the second quarter. Canada Pension Plan Investment Board now owns 4,400 shares of the basic materials company’s stock valued at $162,000 after purchasing an additional 1,600 shares in the last quarter. 87.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Andersons

In other news, Director John T. Stout, Jr. sold 2,500 shares of the business’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $70.30, for a total transaction of $175,750.00. Following the completion of the sale, the director owned 23,441 shares of the company’s stock, valued at $1,647,902.30. The trade was a 9.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Brian K. Walz sold 8,975 shares of the company’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $70.74, for a total value of $634,891.50. Following the completion of the sale, the vice president owned 11,913 shares of the company’s stock, valued at $842,725.62. This trade represents a 42.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 29,299 shares of company stock worth $2,051,771. 4.30% of the stock is currently owned by insiders.

Andersons Trading Up 0.3%

Andersons stock opened at $71.78 on Wednesday. The Andersons, Inc. has a 52-week low of $31.03 and a 52-week high of $73.97. The company has a market cap of $2.44 billion, a P/E ratio of 25.64 and a beta of 0.74. The company has a quick ratio of 0.60, a current ratio of 1.41 and a debt-to-equity ratio of 0.43. The business has a 50-day simple moving average of $66.45 and a two-hundred day simple moving average of $54.98.

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

Andersons Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 1st will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Wednesday, April 1st. Andersons’s dividend payout ratio (DPR) is currently 28.57%.

Analysts Set New Price Targets

ANDE has been the subject of several research analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Andersons in a report on Wednesday, January 21st. Wall Street Zen cut shares of Andersons from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Benchmark reaffirmed a “buy” rating on shares of Andersons in a report on Wednesday, February 18th. Finally, BMO Capital Markets lifted their price target on shares of Andersons from $65.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, February 19th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target 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.