Dorsey Wright & Associates Takes $1.26 Million Position in The Andersons, Inc. $ANDE

Dorsey Wright & Associates bought a new stake in The Andersons, Inc. (NASDAQ:ANDE) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 17,507 shares of the basic materials company’s stock, valued at approximately $1,257,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of ANDE. Uniplan Investment Counsel Inc. purchased a new stake in Andersons during the 4th quarter worth about $25,000. Optima Capital LLC purchased a new position in shares of Andersons in the 4th quarter valued at about $32,000. Larson Financial Group LLC boosted its stake 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 valued at $40,000 after buying an additional 1,008 shares during the period. Nomura Asset Management Co. Ltd. boosted its stake in shares of Andersons by 95.2% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 820 shares of the basic materials company’s stock valued at $44,000 after buying an additional 400 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of Andersons by 34.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 962 shares of the basic materials company’s stock worth $51,000 after buying an additional 246 shares in the last quarter. 87.06% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Patrick E. Bowe sold 16,466 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $80.76, for a total value of $1,329,794.16. Following the completion of the sale, the director directly owned 78,409 shares of the company’s stock, valued at $6,332,310.84. The trade was a 17.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 51,466 shares of company stock valued at $4,038,717 over the last three months. 4.30% of the stock is owned by insiders.

Andersons Stock Performance

Shares of Andersons stock opened at $79.24 on Friday. The company has a quick ratio of 0.62, a current ratio of 1.37 and a debt-to-equity ratio of 0.43. The Andersons, Inc. has a 52 week low of $31.84 and a 52 week high of $82.11. The firm’s 50 day moving average is $71.31 and its two-hundred day moving average is $68.19. The firm has a market capitalization of $2.70 billion, a P/E ratio of 21.07 and a beta of 0.65.

Andersons (NASDAQ:ANDE) last issued its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.42. Andersons had a net margin of 1.17% and a return on equity of 10.68%. The business had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.71 billion. During the same quarter in the previous year, the firm earned $0.12 EPS. The company’s revenue was down 1.2% compared to the same quarter last year.

Andersons Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 1st will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.0%. The ex-dividend date is Wednesday, July 1st. Andersons’s dividend payout ratio (DPR) is currently 21.28%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. UBS Group set a $90.00 target price on shares of Andersons in a research note on Wednesday, May 20th. The Goldman Sachs Group cut shares of Andersons to a “buy” rating in a report on Thursday, June 18th. Weiss Ratings raised shares of Andersons from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, May 7th. Texas Capital raised shares of Andersons to a “strong-buy” rating in a research report on Thursday, June 18th. Finally, Wall Street Zen upgraded shares of Andersons from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $85.00.

About Andersons

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.