Raymond James & Associates Reduces Stock Position in The Andersons, Inc. (NASDAQ:ANDE)

Raymond James & Associates lowered its stake in The Andersons, Inc. (NASDAQ:ANDE) by 26.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,842 shares of the basic materials company’s stock after selling 2,401 shares during the quarter. Raymond James & Associates’ holdings in Andersons were worth $394,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ANDE. C M Bidwell & Associates Ltd. purchased a new stake in Andersons in the third quarter worth approximately $33,000. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in Andersons in the third quarter worth approximately $107,000. Nomura Holdings Inc. purchased a new stake in Andersons in the third quarter worth approximately $216,000. Acadian Asset Management LLC boosted its holdings in Andersons by 491.8% in the third quarter. Acadian Asset Management LLC now owns 5,409 shares of the basic materials company’s stock worth $278,000 after purchasing an additional 4,495 shares during the last quarter. Finally, Donoghue Forlines LLC bought a new position in Andersons in the third quarter worth approximately $285,000. Hedge funds and other institutional investors own 87.06% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Roth Capital reiterated a “buy” rating and issued a $65.00 price target on shares of Andersons in a research report on Tuesday, February 6th. StockNews.com upgraded shares of Andersons from a “hold” rating to a “buy” rating in a research report on Thursday, January 11th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $62.50.

Andersons Stock Up 0.5 %

Shares of ANDE stock opened at $56.91 on Friday. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of 19.36 and a beta of 0.68. The Andersons, Inc. has a one year low of $35.69 and a one year high of $61.46. The company’s fifty day moving average price is $55.80 and its 200-day moving average price is $53.67. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.72 and a quick ratio of 1.00.

Andersons (NASDAQ:ANDE) last announced its quarterly earnings results on Wednesday, February 21st. The basic materials company reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.48. The company had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $4.26 billion. Andersons had a net margin of 0.69% and a return on equity of 8.19%. Andersons’s revenue for the quarter was down 31.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.98 EPS. Sell-side analysts expect that The Andersons, Inc. will post 2.54 EPS for the current fiscal year.

Andersons Dividend Announcement

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 was Thursday, March 28th. This represents a $0.76 dividend on an annualized basis and a yield of 1.34%. Andersons’s dividend payout ratio is currently 25.85%.

Insider Buying and Selling at Andersons

In related news, Director Michael J. Anderson sold 3,000 shares of Andersons stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $59.00, for a total transaction of $177,000.00. Following the completion of the transaction, the director now directly 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 is available through the SEC website. In related news, Director Michael J. Anderson sold 3,000 shares of Andersons stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $59.00, for a total transaction of $177,000.00. Following the completion of the transaction, the director now directly 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 is available through the SEC website. Also, CEO Patrick E. Bowe sold 3,387 shares of Andersons stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $60.01, for a total transaction of $203,253.87. Following the transaction, the chief executive officer now directly owns 85,159 shares of the company’s stock, valued at $5,110,391.59. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 45,245 shares of company stock worth $2,534,099. 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.