Andersons Inc (ANDE) Shares Sold by Raymond James & Associates

Raymond James & Associates reduced its stake in Andersons Inc (NASDAQ:ANDE) by 80.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,019 shares of the basic materials company’s stock after selling 24,490 shares during the quarter. Raymond James & Associates’ holdings in Andersons were worth $206,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Piedmont Investment Advisors LLC purchased a new position in shares of Andersons in the 2nd quarter valued at approximately $212,000. Sei Investments Co. raised its position in shares of Andersons by 4,996.6% in the 2nd quarter. Sei Investments Co. now owns 7,390 shares of the basic materials company’s stock valued at $253,000 after purchasing an additional 7,245 shares during the last quarter. Barclays PLC raised its position in shares of Andersons by 50.3% in the 1st quarter. Barclays PLC now owns 8,284 shares of the basic materials company’s stock valued at $274,000 after purchasing an additional 2,773 shares during the last quarter. Xact Kapitalforvaltning AB purchased a new position in shares of Andersons in the 2nd quarter valued at approximately $291,000. Finally, SG Americas Securities LLC raised its position in shares of Andersons by 95.4% in the 2nd quarter. SG Americas Securities LLC now owns 9,394 shares of the basic materials company’s stock valued at $321,000 after purchasing an additional 4,586 shares during the last quarter. 80.29% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts recently commented on ANDE shares. Buckingham Research increased their price objective on shares of Andersons from $35.00 to $40.00 and gave the company a “neutral” rating in a research report on Thursday, August 9th. TheStreet raised shares of Andersons from a “c” rating to a “b” rating in a research report on Friday, August 10th. BMO Capital Markets increased their price objective on shares of Andersons from $36.00 to $40.00 and gave the company a “market perform” rating in a research report on Thursday, August 9th. BidaskClub lowered shares of Andersons from a “buy” rating to a “hold” rating in a research report on Thursday, July 19th. Finally, ValuEngine lowered shares of Andersons from a “buy” rating to a “hold” rating in a research report on Tuesday, October 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. Andersons currently has a consensus rating of “Hold” and a consensus price target of $41.33.

In other Andersons news, insider Corbett J. Jorgenson sold 1,300 shares of the firm’s stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $37.90, for a total transaction of $49,270.00. Following the completion of the transaction, the insider now directly owns 18,399 shares of the company’s stock, valued at approximately $697,322.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 5.50% of the company’s stock.

ANDE opened at $36.66 on Friday. Andersons Inc has a 12-month low of $29.60 and a 12-month high of $41.70. The company has a quick ratio of 0.58, a current ratio of 1.34 and a debt-to-equity ratio of 0.51. The company has a market cap of $1.02 billion, a price-to-earnings ratio of 25.53 and a beta of 1.24.

Andersons (NASDAQ:ANDE) last posted its quarterly earnings results on Tuesday, August 7th. The basic materials company reported $0.76 earnings per share (EPS) for the quarter. Andersons had a net margin of 2.68% and a return on equity of 4.92%. The company had revenue of $911.40 million during the quarter. Analysts expect that Andersons Inc will post 1.88 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 22nd. Shareholders of record on Monday, October 1st were given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date was Friday, September 28th. Andersons’s dividend payout ratio is presently 57.39%.

Andersons Profile

The Andersons, Inc, an agriculture company, operates in the grain, ethanol, plant nutrient, and rail sectors in the United States and internationally. The company's Grain segment operates grain elevators; stores grains; and provides grain marketing, risk management, and corn origination services to its customers and affiliated ethanol facilities.

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Institutional Ownership by Quarter for Andersons (NASDAQ:ANDE)

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