Strs Ohio Has $940,000 Position in The Andersons, Inc. $ANDE

Strs Ohio grew its position in The Andersons, Inc. (NASDAQ:ANDE) by 204.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,100 shares of the basic materials company’s stock after acquiring an additional 8,800 shares during the period. Strs Ohio’s holdings in Andersons were worth $940,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of ANDE. Uniplan Investment Counsel Inc. acquired a new stake in Andersons in the 4th quarter valued at about $25,000. Optima Capital LLC acquired a new position in Andersons during the fourth quarter worth approximately $32,000. Larson Financial Group LLC increased its position in 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 last quarter. Nomura Asset Management Co. Ltd. raised its stake in Andersons by 95.2% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 820 shares of the basic materials company’s stock valued at $44,000 after buying an additional 400 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of Andersons by 34.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 962 shares of the basic materials company’s stock valued at $51,000 after buying an additional 246 shares during the last quarter. 87.06% of the stock is owned by institutional investors.

Insider Buying and Selling at Andersons

In related news, Director Patrick E. Bowe sold 16,466 shares of the stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $80.76, for a total value of $1,329,794.16. Following the completion of the sale, the director directly owned 78,409 shares in the company, valued at $6,332,310.84. This represents a 17.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 51,466 shares of company stock valued at $4,038,717 over the last quarter. Insiders own 4.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. The Goldman Sachs Group downgraded Andersons to a “buy” rating in a research note on Thursday, June 18th. Benchmark reiterated a “buy” rating on shares of Andersons in a report on Monday, June 15th. Weiss Ratings upgraded shares of Andersons from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, May 7th. UBS Group set a $90.00 target price on shares of Andersons in a report on Wednesday, May 20th. Finally, Texas Capital upgraded shares of Andersons to a “strong-buy” rating in a research note on Thursday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Andersons currently has an average rating of “Buy” and an average target price of $85.00.

Andersons Stock Performance

Shares of NASDAQ ANDE opened at $68.00 on Wednesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.37 and a quick ratio of 0.62. The firm has a market cap of $2.32 billion, a price-to-earnings ratio of 18.09 and a beta of 0.65. The stock’s fifty day moving average price is $71.37 and its two-hundred day moving average price is $67.14. The Andersons, Inc. has a one year low of $31.84 and a one year high of $82.11.

Andersons (NASDAQ:ANDE) last posted its earnings results on Tuesday, May 5th. The basic materials company reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.42. The company had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.71 billion. Andersons had a return on equity of 10.68% and a net margin of 1.17%.The company’s revenue was down 1.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.12 earnings per share.

Andersons Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 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 1.2%. The ex-dividend date is Wednesday, July 1st. Andersons’s payout ratio is 21.28%.

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.