Man Group plc Takes $15.49 Million Position in The Andersons, Inc. $ANDE

Man Group plc bought a new position in The Andersons, Inc. (NASDAQ:ANDE) during the second quarter, Holdings Channel reports. The fund bought 226,468 shares of the basic materials company’s stock, valued at approximately $15,490,000.

Several other institutional investors also recently modified their holdings of ANDE. BlackRock Inc. purchased a new stake in Andersons in the second quarter worth about $427,688,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of Andersons during the fourth quarter valued at approximately $5,273,000. NFJ Investment Group LLC purchased a new position in shares of Andersons during the second quarter valued at approximately $2,790,000. OP Asset Management Ltd bought a new stake in shares of Andersons in the 1st quarter worth approximately $12,228,000. Finally, UBS Group AG boosted its position in shares of Andersons by 34.9% in the 4th quarter. UBS Group AG now owns 72,808 shares of the basic materials company’s stock worth $3,871,000 after purchasing an additional 18,828 shares in the last quarter. 87.06% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Andersons news, Director Patrick E. Bowe sold 3,534 shares of the business’s stock in a transaction dated Wednesday, July 22nd. The stock was sold at an average price of $80.53, for a total value of $284,593.02. Following the completion of the transaction, the director owned 74,875 shares of the company’s stock, valued at approximately $6,029,683.75. The trade was a 4.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 4.30% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on ANDE. Deutsche Bank Aktiengesellschaft set a $110.00 price objective on Andersons in a research report on Tuesday, August 4th. Texas Capital raised Andersons to a “strong-buy” rating in a report on Thursday, June 18th. The Goldman Sachs Group cut Andersons to a “buy” rating in a research note on Thursday, June 18th. Weiss Ratings raised Andersons from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 18th. Finally, UBS Group set a $90.00 price target on shares of Andersons in a research note on Wednesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $95.00.

Andersons Stock Performance

ANDE stock opened at $63.73 on Friday. The stock has a market capitalization of $2.17 billion, a PE ratio of 12.30 and a beta of 0.66. The Andersons, Inc. has a 12-month low of $37.69 and a 12-month high of $82.11. The company has a current ratio of 1.51, a quick ratio of 0.81 and a debt-to-equity ratio of 0.42. The stock’s 50 day simple moving average is $70.43 and its 200 day simple moving average is $70.63.

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

Andersons Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 22nd. Investors of record on Thursday, October 1st will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.3%. The ex-dividend date is Thursday, October 1st. Andersons’s dividend payout ratio (DPR) is presently 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.