Segall Bryant & Hamill LLC Makes New Investment in The Andersons, Inc. $ANDE

Segall Bryant & Hamill LLC purchased a new position in shares of The Andersons, Inc. (NASDAQ:ANDE) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 35,825 shares of the basic materials company’s stock, valued at approximately $1,426,000. Segall Bryant & Hamill LLC owned approximately 0.11% of Andersons as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of the business. Wealth Enhancement Advisory Services LLC acquired a new stake in Andersons during the 3rd quarter worth approximately $30,000. Tower Research Capital LLC TRC increased its position in Andersons by 227.9% in 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 acquiring an additional 2,053 shares during the period. Canada Pension Plan Investment Board raised its stake 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 acquiring an additional 1,600 shares during the last quarter. XTX Topco Ltd bought a new position in shares of Andersons during the second quarter valued at $201,000. Finally, Entropy Technologies LP acquired a new position in shares of Andersons during the second quarter worth $216,000. 87.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Andersons Trading Up 0.8%

NASDAQ:ANDE opened at $64.05 on Friday. The company has a current ratio of 1.41, a quick ratio of 0.60 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $2.17 billion, a price-to-earnings ratio of 22.88 and a beta of 0.74. The firm has a fifty day simple moving average of $61.41 and a two-hundred day simple moving average of $51.30. The Andersons, Inc. has a 12 month low of $31.03 and a 12 month high of $70.06.

Andersons (NASDAQ:ANDE) last announced its quarterly earnings data on Tuesday, February 17th. The basic materials company reported $2.04 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.48. The firm had revenue of $2.54 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.31 earnings per share. Analysts expect that The Andersons, Inc. will post 3.11 EPS for the current fiscal year.

Andersons Dividend Announcement

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

Insider Buying and Selling

In other news, Director John T. Stout, Jr. sold 5,000 shares of the company’s stock in a transaction that occurred 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 transaction, the director directly owned 25,941 shares of the company’s stock, valued at $1,426,755. This represents a 16.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Anne G. Rex sold 2,624 shares of the stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $65.16, for a total value of $170,979.84. Following the completion of the transaction, the vice president owned 23,829 shares in the company, valued at approximately $1,552,697.64. This represents a 9.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 20,324 shares of company stock valued at $1,107,105 in the last three months. Insiders own 4.30% of the company’s stock.

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.