Hsbc Holdings PLC Makes New $3.45 Million Investment in The Andersons, Inc. $ANDE

Hsbc Holdings PLC purchased a new position in The Andersons, Inc. (NASDAQ:ANDE) in the second quarter, HoldingsChannel.com reports. The fund purchased 49,792 shares of the basic materials company’s stock, valued at approximately $3,452,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Uniplan Investment Counsel Inc. acquired a new stake in shares of Andersons during the fourth quarter valued at $25,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Andersons in the 2nd quarter valued at about $38,000. Nomura Asset Management Co. Ltd. lifted its holdings in 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 in the last quarter. Larson Financial Group LLC lifted its holdings in Andersons by 33,600.0% in 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. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Andersons during the 2nd quarter worth about $82,000. 87.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Patrick E. Bowe sold 3,534 shares of the business’s stock in a transaction on Wednesday, July 22nd. The shares were sold at an average price of $80.53, for a total transaction of $284,593.02. Following the completion of the sale, the director directly owned 74,875 shares of the company’s stock, valued at $6,029,683.75. The trade was a 4.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 4.30% of the stock is owned by corporate insiders.

Andersons Trading Up 1.3%

Shares of ANDE stock opened at $64.56 on Friday. The firm has a market cap of $2.20 billion, a P/E ratio of 12.46 and a beta of 0.66. The Andersons, Inc. has a 1-year low of $37.69 and a 1-year high of $82.11. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.51 and a quick ratio of 0.81. The firm’s 50-day simple moving average is $70.30 and its 200-day simple moving average is $70.59.

Andersons (NASDAQ:ANDE) last released 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. Andersons had a net margin of 1.62% and a return on equity of 16.23%. The business had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.28 billion. During the same period last year, the company earned $0.24 earnings per share. The company’s quarterly revenue was down 1.2% on a year-over-year basis.

Andersons Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 22nd. Shareholders of record on Thursday, October 1st will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Thursday, October 1st. Andersons’s dividend payout ratio (DPR) is 15.44%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on ANDE shares. The Goldman Sachs Group downgraded shares of Andersons to a “buy” rating in a report on Thursday, June 18th. Deutsche Bank Aktiengesellschaft set a $110.00 target price on shares of Andersons in a research report on Tuesday, August 4th. Wall Street Zen upgraded Andersons from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. Weiss Ratings raised Andersons from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 18th. Finally, UBS Group set a $90.00 price objective on Andersons in a report on Wednesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $95.00.

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.