The Andersons, Inc. $ANDE Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered its position in shares of The Andersons, Inc. (NASDAQ:ANDE) by 7.1% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 244,691 shares of the basic materials company’s stock after selling 18,706 shares during the quarter. JPMorgan Chase & Co.’s holdings in Andersons were worth $9,741,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of ANDE. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Andersons during the 3rd quarter worth $30,000. Larson Financial Group LLC raised its position in shares of Andersons by 33,600.0% during the 3rd quarter. Larson Financial Group LLC now owns 1,011 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 1,008 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Andersons by 227.9% in the second quarter. Tower Research Capital LLC TRC now owns 2,954 shares of the basic materials company’s stock worth $109,000 after acquiring an additional 2,053 shares during the last quarter. Canada Pension Plan Investment Board lifted its holdings in Andersons by 57.1% in 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 purchasing an additional 1,600 shares in the last quarter. Finally, Focus Partners Wealth purchased a new position in shares of Andersons during the third quarter valued at approximately $183,000. 87.06% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on ANDE shares. BMO Capital Markets raised their price target on Andersons from $65.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, February 19th. Weiss Ratings reissued a “hold (c)” rating on shares of Andersons in a research report on Wednesday, January 21st. Benchmark reissued a “buy” rating on shares of Andersons in a research report on Wednesday, February 18th. Finally, Wall Street Zen downgraded Andersons from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.33.

Insiders Place Their Bets

In other Andersons news, VP Brian K. Walz sold 8,975 shares of the business’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $70.74, for a total transaction of $634,891.50. Following the completion of the transaction, the vice president owned 11,913 shares in the company, valued at approximately $842,725.62. The trade was a 42.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Anne G. Rex sold 2,624 shares of the company’s stock in a transaction dated Wednesday, March 4th. The stock was 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 $1,552,697.64. The trade was a 9.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 29,299 shares of company stock worth $2,051,771 over the last 90 days. Insiders own 4.30% of the company’s stock.

Andersons Price Performance

Shares of NASDAQ:ANDE opened at $73.19 on Friday. 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 firm has a 50-day simple moving average of $65.93 and a 200 day simple moving average of $54.44. The company has a market cap of $2.49 billion, a PE ratio of 26.14 and a beta of 0.74. The Andersons, Inc. has a fifty-two week low of $31.03 and a fifty-two week high of $73.97.

Andersons (NASDAQ:ANDE) last announced its quarterly earnings results on Tuesday, February 17th. The basic materials company reported $2.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.48. The business had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.69 billion. Andersons had a return on equity of 7.76% and a net margin of 0.87%.The business’s revenue was down 18.8% on a year-over-year basis. During the same quarter last year, the business posted $1.31 EPS. On average, sell-side analysts anticipate that The Andersons, Inc. will post 3.11 EPS for the current year.

Andersons Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 1st will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Wednesday, April 1st. Andersons’s payout ratio is 28.57%.

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.