The Andersons, Inc. $ANDE Shares Sold by Venture Visionary Partners LLC

Venture Visionary Partners LLC reduced its stake in shares of The Andersons, Inc. (NASDAQ:ANDE) by 2.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 314,010 shares of the basic materials company’s stock after selling 9,076 shares during the quarter. Venture Visionary Partners LLC owned 0.93% of Andersons worth $16,696,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Optima Capital LLC acquired a new stake in shares of Andersons during the 4th quarter worth approximately $32,000. Larson Financial Group LLC increased its holdings 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 valued at $40,000 after purchasing an additional 1,008 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in shares of Andersons by 95.2% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 820 shares of the basic materials company’s stock valued at $44,000 after purchasing an additional 400 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Andersons by 34.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 962 shares of the basic materials company’s stock valued at $51,000 after purchasing an additional 246 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in Andersons by 34.8% during the fourth quarter. GAMMA Investing LLC now owns 1,266 shares of the basic materials company’s stock worth $67,000 after buying an additional 327 shares in the last quarter. 87.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. BMO Capital Markets lifted their price objective on shares of Andersons from $65.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday, February 19th. Weiss Ratings raised shares of Andersons from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, May 7th. Wall Street Zen upgraded Andersons from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. UBS Group set a $90.00 price target on Andersons in a research note on Wednesday, May 20th. Finally, Benchmark upped their price target on Andersons from $75.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $85.00.

Insiders Place Their Bets

In other news, Director Patrick E. Bowe sold 16,466 shares of the company’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $80.76, for a total transaction of $1,329,794.16. Following the completion of the sale, the director owned 78,409 shares of the company’s stock, valued at $6,332,310.84. This represents a 17.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John T. Stout, Jr. sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $70.30, for a total transaction of $175,750.00. Following the completion of the transaction, the director directly owned 23,441 shares in the company, valued at approximately $1,647,902.30. This represents a 9.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 68,966 shares of company stock valued at $5,329,417 in the last ninety days. Insiders own 4.30% of the company’s stock.

Andersons Stock Performance

NASDAQ ANDE opened at $71.85 on Monday. 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 stock’s 50 day simple moving average is $72.94 and its 200-day simple moving average is $65.09. The company has a market cap of $2.45 billion, a PE ratio of 19.11 and a beta of 0.64. The Andersons, Inc. has a 1-year low of $31.84 and a 1-year high of $82.11.

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

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.