FourThought Financial Partners LLC Invests $345,000 in The Andersons, Inc. $ANDE

FourThought Financial Partners LLC purchased a new stake in The Andersons, Inc. (NASDAQ:ANDE) in the 3rd quarter, HoldingsChannel.com reports. The firm purchased 8,665 shares of the basic materials company’s stock, valued at approximately $345,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC purchased a new stake in Andersons during the 3rd quarter worth about $30,000. Tower Research Capital LLC TRC grew its holdings in Andersons by 227.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,954 shares of the basic materials company’s stock valued at $109,000 after buying an additional 2,053 shares in the last quarter. Canada Pension Plan Investment Board grew its holdings in Andersons by 57.1% during the 2nd quarter. Canada Pension Plan Investment Board now owns 4,400 shares of the basic materials company’s stock valued at $162,000 after buying an additional 1,600 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of Andersons during the second quarter valued at about $201,000. Finally, Entropy Technologies LP bought a new stake in shares of Andersons during the second quarter valued at about $216,000. 87.06% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, VP Anne G. Rex sold 2,624 shares of Andersons stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $65.16, for a total transaction of $170,979.84. Following the completion of the sale, the vice president directly owned 23,829 shares of the company’s stock, valued at approximately $1,552,697.64. The trade was a 9.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John T. Stout, Jr. sold 5,000 shares of the company’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $55.00, for a total transaction of $275,000.00. Following the completion of the transaction, the director owned 25,941 shares of the company’s stock, valued at $1,426,755. This trade represents a 16.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 7,824 shares of company stock worth $459,980 in the last three months. Insiders own 4.30% of the company’s stock.

Andersons Stock Performance

NASDAQ:ANDE opened at $67.79 on Thursday. The stock has a market cap of $2.30 billion, a P/E ratio of 24.21 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’s 50-day moving average price is $62.21 and its two-hundred day moving average price is $51.96. The Andersons, Inc. has a twelve month low of $31.03 and a twelve month high of $70.06.

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

Andersons Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 1st will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Wednesday, April 1st. Andersons’s payout ratio is currently 28.57%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Benchmark restated a “buy” rating on shares of Andersons in a research report on Wednesday, February 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Andersons in a report on Wednesday, January 21st. Wall Street Zen upgraded shares of Andersons from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Finally, BMO Capital Markets raised their price target on shares of Andersons from $65.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday, February 19th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Andersons has an average rating of “Moderate Buy” and an average price target of $68.33.

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.