Cwm LLC Sells 9,964 Shares of The Andersons, Inc. $ANDE

Cwm LLC reduced its stake in shares of The Andersons, Inc. (NASDAQ:ANDE) by 45.1% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 12,150 shares of the basic materials company’s stock after selling 9,964 shares during the period. Cwm LLC’s holdings in Andersons were worth $484,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of ANDE. SummerHaven Investment Management LLC grew its holdings in Andersons by 2.2% during the second quarter. SummerHaven Investment Management LLC now owns 16,967 shares of the basic materials company’s stock worth $624,000 after buying an additional 371 shares in the last quarter. Croban boosted its holdings in Andersons by 1.6% during the 2nd quarter. Croban now owns 25,026 shares of the basic materials company’s stock worth $920,000 after acquiring an additional 402 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Andersons by 7.7% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,279 shares of the basic materials company’s stock worth $304,000 after acquiring an additional 591 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Andersons by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,425 shares of the basic materials company’s stock valued at $834,000 after purchasing an additional 866 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its position in shares of Andersons by 3.4% during the second quarter. CANADA LIFE ASSURANCE Co now owns 29,604 shares of the basic materials company’s stock valued at $1,088,000 after purchasing an additional 984 shares in the last quarter. Institutional investors own 87.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on ANDE shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Andersons in a research report on Wednesday, October 8th. BMO Capital Markets upgraded Andersons from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $50.00 to $65.00 in a research note on Wednesday, December 10th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Andersons has a consensus rating of “Moderate Buy” and a consensus price target of $58.33.

Insider Activity

In other news, VP Anne G. Rex sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $51.36, for a total value of $154,080.00. Following the sale, the vice president owned 23,549 shares of the company’s stock, valued at $1,209,476.64. The trade was a 11.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John T. Stout, Jr. sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $55.00, for a total transaction of $275,000.00. Following the sale, the director owned 25,941 shares in the company, valued at $1,426,755. The trade was a 16.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 20,500 shares of company stock worth $1,076,205. Insiders own 4.30% of the company’s stock.

Andersons Price Performance

Andersons stock opened at $54.83 on Friday. The company has a current ratio of 1.47, a quick ratio of 0.80 and a debt-to-equity ratio of 0.47. The business’s 50 day simple moving average is $51.72 and its 200 day simple moving average is $43.99. The Andersons, Inc. has a 12 month low of $31.03 and a 12 month high of $56.47. The company has a market cap of $1.86 billion, a price-to-earnings ratio of 25.62 and a beta of 0.78.

Andersons (NASDAQ:ANDE) last issued its 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 return on equity of 5.83% and a net margin of 0.63%.The firm had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.85 billion. During the same period in the previous year, the company posted $0.80 earnings per share. The business’s revenue was up 2.2% on a year-over-year basis. Sell-side analysts forecast that The Andersons, Inc. will post 3.11 EPS for the current year.

Andersons Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 23rd. Shareholders of record on Friday, January 2nd will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.5%. This is a boost from Andersons’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Friday, January 2nd. Andersons’s payout ratio is currently 37.38%.

Andersons Profile

The Andersons, Inc operates as a diversified agriculture company offering a broad range of products and services to farmers, retailers and industrial customers. Through its Grain Group, the company purchases, stores, merchandises and transports corn, soybeans and other commodities, while its Renewables Group produces ethanol and distillers grains at multiple plants in the U.S. The Rail Group provides locomotive leasing, railcar repair and related maintenance services, and the Horticulture Group supplies turf, specialty and horticultural products to landscaping professionals and consumer lawn and garden retailers.

Founded in 1947 and headquartered in Maumee, Ohio, The Andersons has grown from a regional grain elevator operator into an integrated agribusiness platform.