Pacer Advisors Inc. Buys New Stake in The Andersons, Inc. $ANDE

Pacer Advisors Inc. bought a new stake in The Andersons, Inc. (NASDAQ:ANDE) in the 4th quarter, HoldingsChannel reports. The fund bought 169,774 shares of the basic materials company’s stock, valued at approximately $9,027,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Rubric Capital Management LP acquired a new position in shares of Andersons during the fourth quarter worth $53,469,000. Ophir Asset Management Pty Ltd purchased a new stake in shares of Andersons during the 4th quarter valued at $38,746,000. Victory Capital Management Inc. boosted its position in shares of Andersons by 354.7% in the 4th quarter. Victory Capital Management Inc. now owns 731,019 shares of the basic materials company’s stock worth $38,868,000 after purchasing an additional 570,245 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of Andersons by 82.1% in the 4th quarter. Janus Henderson Group PLC now owns 637,342 shares of the basic materials company’s stock worth $33,875,000 after purchasing an additional 287,304 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its stake in Andersons by 162.8% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 438,219 shares of the basic materials company’s stock worth $17,445,000 after buying an additional 271,451 shares during the last quarter. 87.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ANDE has been the topic of several recent analyst reports. Wall Street Zen raised 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 report on Wednesday, May 20th. Benchmark restated a “buy” rating on shares of Andersons in a research note on Monday, June 15th. Weiss Ratings upgraded shares of Andersons from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. Finally, The Goldman Sachs Group lowered shares of Andersons to a “buy” rating in a research report on Thursday. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $85.00.

Insiders Place Their Bets

In related news, Director Patrick E. Bowe sold 19,100 shares of Andersons stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $78.31, for a total transaction of $1,495,721.00. Following the completion of the transaction, the director directly owned 94,875 shares in the company, valued at approximately $7,429,661.25. This trade represents a 16.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 66,466 shares of company stock worth $5,153,667 in the last three months. 4.30% of the stock is currently owned by company insiders.

Andersons Price Performance

NASDAQ:ANDE opened at $71.22 on Monday. The firm’s fifty day moving average is $72.57 and its two-hundred day moving average is $65.75. The firm has a market cap of $2.43 billion, a price-to-earnings ratio of 18.94 and a beta of 0.64. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.62 and a current ratio of 1.37. The Andersons, Inc. has a one year low of $31.84 and a one year high of $82.11.

Andersons (NASDAQ:ANDE) last released its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.42. The business had revenue of $2.63 billion during the quarter, compared to analyst estimates 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 business posted $0.12 EPS.

Andersons Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 1st will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Wednesday, July 1st. Andersons’s dividend payout ratio (DPR) 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.