Cwm LLC Acquires 19,385 Shares of The Andersons, Inc. (NASDAQ:ANDE)

Cwm LLC increased its holdings in shares of The Andersons, Inc. (NASDAQ:ANDE) by 8,577.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 19,611 shares of the basic materials company’s stock after buying an additional 19,385 shares during the period. Cwm LLC’s holdings in Andersons were worth $1,128,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. C M Bidwell & Associates Ltd. acquired a new stake in Andersons in the third quarter valued at approximately $33,000. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in Andersons in the third quarter valued at approximately $107,000. Meeder Asset Management Inc. acquired a new stake in Andersons in the fourth quarter valued at approximately $110,000. Mackenzie Financial Corp acquired a new stake in Andersons in the fourth quarter valued at approximately $215,000. Finally, Nomura Holdings Inc. acquired a new stake in Andersons in the third quarter valued at approximately $216,000. 87.06% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ANDE has been the subject of several recent analyst reports. Roth Capital restated a “buy” rating and issued a $65.00 target price on shares of Andersons in a research note on Tuesday, February 6th. StockNews.com upgraded shares of Andersons from a “hold” rating to a “buy” rating in a research note on Thursday, January 11th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $62.50.

Andersons Trading Up 0.5 %

NASDAQ ANDE opened at $56.91 on Friday. The company has a fifty day simple moving average of $55.80 and a two-hundred day simple moving average of $53.67. The stock has a market cap of $1.94 billion, a P/E ratio of 19.36 and a beta of 0.68. The Andersons, Inc. has a 12-month low of $35.69 and a 12-month high of $61.46. The company has a current ratio of 1.72, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37.

Andersons (NASDAQ:ANDE) last posted its quarterly earnings results on Wednesday, February 21st. The basic materials company reported $1.59 earnings per share (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 analysts’ expectations of $4.26 billion. Andersons had a net margin of 0.69% and a return on equity of 8.19%. The business’s quarterly revenue was down 31.3% on a year-over-year basis. During the same quarter last year, the company posted $0.98 earnings per share. On average, analysts forecast that The Andersons, Inc. will post 2.54 earnings per share for the current year.

Andersons Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Monday, April 1st were issued a $0.19 dividend. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.34%. Andersons’s dividend payout ratio is currently 25.85%.

Insider Buying and Selling

In related news, CEO Patrick E. Bowe sold 1,338 shares of the firm’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $55.12, for a total transaction of $73,750.56. Following the completion of the transaction, the chief executive officer now owns 89,315 shares of the company’s stock, valued at $4,923,042.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Michael J. Anderson sold 3,000 shares of the firm’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $59.00, for a total transaction of $177,000.00. Following the sale, the director now owns 209,968 shares in the company, valued at $12,388,112. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Patrick E. Bowe sold 1,338 shares of the firm’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $55.12, for a total transaction of $73,750.56. Following the sale, the chief executive officer now owns 89,315 shares in the company, valued at approximately $4,923,042.80. The disclosure for this sale can be found here. Insiders sold a total of 45,245 shares of company stock valued at $2,534,099 over the last 90 days. Insiders own 5.10% of the company’s stock.

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.