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

Segall Bryant & Hamill LLC bought a new position in shares of The Andersons, Inc. (NASDAQ:ANDE) during the first quarter, Holdings Channel.com reports. The firm bought 8,635 shares of the basic materials company’s stock, valued at approximately $585,000.

Other institutional investors have also recently made changes to their positions in the company. Uniplan Investment Counsel Inc. purchased a new position in shares of Andersons in the 4th quarter valued at approximately $25,000. Optima Capital LLC purchased a new stake in Andersons in the fourth quarter worth $32,000. Nomura Asset Management Co. Ltd. grew 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 worth $44,000 after purchasing an additional 400 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in Andersons by 34.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 962 shares of the basic materials company’s stock worth $51,000 after purchasing an additional 246 shares in the last quarter. Finally, Larson Financial Group LLC raised its holdings in Andersons by 33,600.0% in the third 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 in the last quarter. Institutional investors own 87.06% of the company’s stock.

Andersons Stock Performance

Shares of Andersons stock opened at $69.75 on Thursday. The Andersons, Inc. has a 1 year low of $34.78 and a 1 year high of $82.11. The firm’s 50-day moving average is $72.16 and its 200 day moving average is $70.12. The stock has a market cap of $2.37 billion, a price-to-earnings ratio of 13.47 and a beta of 0.66. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.51 and a quick ratio of 0.62.

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

Andersons Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 22nd. Investors of record on Wednesday, July 1st were given a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $0.80 annualized dividend and a yield of 1.1%. Andersons’s dividend payout ratio is 21.28%.

Insider Transactions at Andersons

In other Andersons news, Director Patrick E. Bowe sold 3,534 shares of the stock in a transaction on Wednesday, July 22nd. The stock was sold at an average price of $80.53, for a total transaction of $284,593.02. Following the sale, the director directly owned 74,875 shares in the company, valued at approximately $6,029,683.75. This trade represents a 4.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 4.30% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on ANDE. Wall Street Zen upgraded shares of Andersons from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Deutsche Bank Aktiengesellschaft set a $110.00 price target on shares of Andersons in a research note on Tuesday. BMO Capital Markets boosted their price objective on shares of Andersons from $75.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday. Texas Capital upgraded shares of Andersons to a “strong-buy” rating in a report on Thursday, June 18th. Finally, UBS Group set a $90.00 target price on shares of Andersons in a research note on Wednesday, May 20th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $95.00.

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.