Mirae Asset Global Investments Co. Ltd. Grows Stake in The Andersons, Inc. (NASDAQ:ANDE)

Mirae Asset Global Investments Co. Ltd. grew its holdings in The Andersons, Inc. (NASDAQ:ANDE) by 2.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 14,686 shares of the basic materials company’s stock after buying an additional 329 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Andersons were worth $845,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of ANDE. C M Bidwell & Associates Ltd. purchased a new position in shares of Andersons in the 3rd quarter valued at approximately $33,000. Mitsubishi UFJ Trust & Banking Corp purchased a new position in shares of Andersons in the 3rd quarter valued at approximately $107,000. Nomura Holdings Inc. purchased a new position in shares of Andersons in the 3rd quarter valued at approximately $216,000. Acadian Asset Management LLC lifted its stake in shares of Andersons by 491.8% in the 3rd quarter. Acadian Asset Management LLC now owns 5,409 shares of the basic materials company’s stock valued at $278,000 after purchasing an additional 4,495 shares during the period. Finally, Donoghue Forlines LLC purchased a new position in shares of Andersons in the 3rd quarter valued at approximately $285,000. Hedge funds and other institutional investors own 87.06% of the company’s stock.

Andersons Stock Down 5.0 %

ANDE stock opened at $57.38 on Thursday. The firm has a market cap of $1.95 billion, a PE ratio of 19.52 and a beta of 0.68. The business has a 50 day moving average of $55.71 and a 200 day moving average of $53.60. The Andersons, Inc. has a twelve month low of $35.69 and a twelve month high of $61.46. The company has a quick ratio of 1.00, a current ratio of 1.72 and a debt-to-equity ratio of 0.37.

Andersons (NASDAQ:ANDE) last posted its earnings results on Wednesday, February 21st. The basic materials company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.48. The business had revenue of $3.21 billion during the quarter, compared to analyst estimates of $4.26 billion. Andersons had a return on equity of 8.19% and a net margin of 0.69%. The company’s quarterly revenue was down 31.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.98 EPS. On average, research analysts forecast that The Andersons, Inc. will post 2.54 EPS for the current fiscal year.

Andersons Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Monday, April 1st were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date was Thursday, March 28th. Andersons’s payout ratio is 25.85%.

Insiders Place Their Bets

In other Andersons news, Director Michael J. Anderson sold 3,000 shares of Andersons stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $59.00, for a total value of $177,000.00. Following the completion of the sale, the director now owns 209,968 shares of the company’s stock, valued at approximately $12,388,112. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Michael J. Anderson sold 3,000 shares of Andersons stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $59.00, for a total value of $177,000.00. Following the completion of the sale, the director now owns 209,968 shares of the company’s stock, valued at $12,388,112. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Patrick E. Bowe sold 3,387 shares of Andersons stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $60.01, for a total value of $203,253.87. Following the completion of the sale, the chief executive officer now directly owns 85,159 shares of the company’s stock, valued at approximately $5,110,391.59. The disclosure for this sale can be found here. In the last quarter, insiders sold 45,245 shares of company stock valued at $2,534,099. Corporate insiders own 5.10% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. StockNews.com raised Andersons from a “hold” rating to a “buy” rating in a research report on Thursday, January 11th. Roth Capital reaffirmed a “buy” rating and set a $65.00 price objective on shares of Andersons in a research report on Tuesday, February 6th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $62.50.

Andersons Company Profile

The Andersons, Inc operates in trade, renewables, and nutrient and industrial sectors in the United States, Canada, Mexico, Egypt, Switzerland, and internationally. It operates through three segments: Trade, Renewables, and Nutrient & Industrial. The company's Trade segment operates grain elevators; stores commodities; and provides grain marketing, risk management, and origination services, as well as sells commodities, such as corn, soybeans, wheat, oats, ethanol, and corn oil.