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%.
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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