The Andersons, Inc. $ANDE Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lessened its stake in The Andersons, Inc. (NASDAQ:ANDE) by 1.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 339,422 shares of the basic materials company’s stock after selling 5,523 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.99% of Andersons worth $12,474,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Trust Co. of Toledo NA OH bought a new stake in Andersons in the second quarter valued at about $114,000. Mutual of America Capital Management LLC bought a new position in Andersons during the 1st quarter worth approximately $201,000. 1492 Capital Management LLC acquired a new position in shares of Andersons in the 1st quarter worth approximately $208,000. Inspire Advisors LLC bought a new stake in shares of Andersons in the 1st quarter valued at approximately $230,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Andersons in the 1st quarter valued at approximately $352,000. Institutional investors own 87.06% of the company’s stock.

Insider Activity at Andersons

In other news, VP Anne G. Rex sold 3,000 shares of Andersons stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $51.36, for a total transaction of $154,080.00. Following the sale, the vice president owned 23,549 shares of the company’s stock, valued at approximately $1,209,476.64. The trade was a 11.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 4.30% of the company’s stock.

Andersons Price Performance

Shares of ANDE opened at $50.08 on Wednesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.01 and a quick ratio of 1.30. The company has a market cap of $1.69 billion, a P/E ratio of 21.31 and a beta of 0.76. The Andersons, Inc. has a 12 month low of $31.03 and a 12 month high of $51.89. The stock has a fifty day moving average price of $44.14 and a 200 day moving average price of $39.54.

Andersons (NASDAQ:ANDE) last announced its quarterly earnings results on Tuesday, November 4th. The basic materials company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.38. Andersons had a net margin of 0.70% and a return on equity of 5.28%. The company had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.85 billion. During the same quarter in the previous year, the company posted $0.80 earnings per share. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, research analysts forecast that The Andersons, Inc. will post 3.11 earnings per share for the current year.

Andersons Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st were given a $0.195 dividend. The ex-dividend date was Wednesday, October 1st. This represents a $0.78 annualized dividend and a yield of 1.6%. Andersons’s dividend payout ratio is 36.45%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on ANDE shares. BMO Capital Markets lifted their price objective on shares of Andersons from $45.00 to $50.00 and gave the stock a “market perform” rating in a report on Thursday, November 6th. Weiss Ratings restated a “hold (c)” rating on shares of Andersons in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $53.33.

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.