Jupiter Topco LLC Makes New Investment in The Andersons, Inc. $ANDE

Jupiter Topco LLC purchased a new position in shares of The Andersons, Inc. (NASDAQ:ANDE) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 798,215 shares of the basic materials company’s stock, valued at approximately $54,610,000.

Several other hedge funds have also made changes to their positions in ANDE. Uniplan Investment Counsel Inc. purchased a new position in shares of Andersons in the fourth quarter valued at approximately $25,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Andersons during the 2nd quarter worth approximately $38,000. Nomura Asset Management Co. Ltd. lifted its holdings in Andersons by 95.2% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 820 shares of the basic materials company’s stock worth $44,000 after buying an additional 400 shares in the last quarter. Larson Financial Group LLC lifted its holdings in 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 buying an additional 1,008 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in Andersons during the 2nd quarter worth approximately $82,000. Institutional investors and hedge funds own 87.06% of the company’s stock.

Analysts Set New Price Targets

ANDE has been the subject of several research reports. Deutsche Bank Aktiengesellschaft set a $110.00 price target on shares of Andersons in a research note on Tuesday, August 4th. Wall Street Zen upgraded Andersons from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. The Goldman Sachs Group lowered Andersons to a “buy” rating in a report on Thursday, June 18th. BMO Capital Markets boosted their target price on Andersons from $75.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Finally, Texas Capital raised Andersons to a “strong-buy” rating in a research note on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $95.00.

Insider Buying and Selling

In related 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 value of $284,593.02. Following the transaction, the director owned 74,875 shares of the company’s stock, valued at $6,029,683.75. This represents a 4.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 4.30% of the stock is owned by company insiders.

Andersons Stock Down 2.3%

Shares of Andersons stock opened at $63.73 on Friday. The company has a quick ratio of 0.81, a current ratio of 1.51 and a debt-to-equity ratio of 0.42. The Andersons, Inc. has a 52-week low of $37.69 and a 52-week high of $82.11. The company has a market capitalization of $2.17 billion, a P/E ratio of 12.30 and a beta of 0.66. The company has a 50 day moving average of $70.43 and a 200 day moving average of $70.63.

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

Andersons Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 22nd. Investors of record on Thursday, October 1st will be paid a dividend of $0.20 per share. The ex-dividend date is Thursday, October 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.3%. Andersons’s payout ratio is presently 15.44%.

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.