The Andersons, Inc. $ANDE Shares Purchased by Royal Bank of Canada

Royal Bank of Canada boosted its stake in shares of The Andersons, Inc. (NASDAQ:ANDE) by 689.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,706 shares of the basic materials company’s stock after purchasing an additional 34,677 shares during the quarter. Royal Bank of Canada owned approximately 0.12% of Andersons worth $2,850,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of ANDE. Uniplan Investment Counsel Inc. purchased a new position in shares of Andersons in the 4th quarter valued at about $25,000. Nomura Asset Management Co. Ltd. increased its stake in shares of Andersons by 95.2% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 820 shares of the basic materials company’s stock worth $44,000 after buying an additional 400 shares during the period. Larson Financial Group LLC increased its stake in shares of Andersons by 33,600.0% during the third quarter. Larson Financial Group LLC now owns 1,011 shares of the basic materials company’s stock worth $40,000 after buying an additional 1,008 shares during the period. Group One Trading LLC raised its holdings in Andersons by 230.0% in the first quarter. Group One Trading LLC now owns 1,320 shares of the basic materials company’s stock valued at $95,000 after acquiring an additional 920 shares in the last quarter. Finally, State of Wyoming acquired a new stake in Andersons in the fourth quarter valued at approximately $70,000. Institutional investors and hedge funds own 87.06% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on ANDE shares. Texas Capital upgraded shares of Andersons to a “strong-buy” rating in a report on Thursday, June 18th. Benchmark restated a “buy” rating on shares of Andersons in a report on Monday, June 15th. The Goldman Sachs Group cut shares of Andersons to a “buy” rating in a research report on Thursday, June 18th. UBS Group set a $90.00 target price on shares of Andersons in a research note on Wednesday, May 20th. Finally, Deutsche Bank Aktiengesellschaft set a $110.00 target price on Andersons in a report on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $95.00.

Insider Activity 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 sale, the director directly owned 74,875 shares in the company, valued at $6,029,683.75. This trade represents a 4.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 4.30% of the stock is owned by company insiders.

Andersons Stock Performance

Shares of ANDE opened at $65.90 on Monday. The stock has a 50 day moving average price of $71.23 and a 200 day moving average price of $70.42. The company has a quick ratio of 0.81, a current ratio of 1.51 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $2.24 billion, a price-to-earnings ratio of 12.72 and a beta of 0.66. The Andersons, Inc. has a 52-week low of $37.69 and a 52-week high of $82.11.

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

Andersons Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 22nd. Investors of record on Wednesday, July 1st were given 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 was Wednesday, July 1st. Andersons’s dividend payout ratio (DPR) is 15.44%.

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.