58,890 Shares in The Andersons, Inc. $ANDE Purchased by AlphaQuest LLC

AlphaQuest LLC bought a new position in The Andersons, Inc. (NASDAQ:ANDE) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 58,890 shares of the basic materials company’s stock, valued at approximately $2,344,000. AlphaQuest LLC owned about 0.17% of Andersons as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ANDE. Summit Global Investments purchased a new position in Andersons in the 3rd quarter worth about $491,000. SummerHaven Investment Management LLC boosted its holdings in shares of Andersons by 30.2% during the 3rd quarter. SummerHaven Investment Management LLC now owns 22,099 shares of the basic materials company’s stock valued at $880,000 after acquiring an additional 5,132 shares during the last quarter. James Investment Research Inc. grew its stake in shares of Andersons by 22.1% in the third quarter. James Investment Research Inc. now owns 11,572 shares of the basic materials company’s stock worth $461,000 after acquiring an additional 2,094 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in shares of Andersons during the third quarter valued at approximately $1,320,000. Finally, UniSuper Management Pty Ltd raised its holdings in shares of Andersons by 9.2% during the third quarter. UniSuper Management Pty Ltd now owns 89,775 shares of the basic materials company’s stock valued at $3,574,000 after purchasing an additional 7,535 shares during the last quarter. Institutional investors own 87.06% of the company’s stock.

Andersons Stock Down 0.7%

NASDAQ ANDE opened at $61.99 on Friday. The Andersons, Inc. has a 12 month low of $31.03 and a 12 month high of $62.49. 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 stock has a market cap of $2.10 billion, a PE ratio of 28.97 and a beta of 0.78. The stock’s 50 day moving average is $54.77 and its 200 day moving average is $46.27.

Andersons (NASDAQ:ANDE) last released its quarterly earnings data on Tuesday, November 4th. The basic materials company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.46 by $0.38. The business had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.85 billion. Andersons had a net margin of 0.63% and a return on equity of 5.83%. The business’s revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.80 EPS. Research analysts predict that The Andersons, Inc. will post 3.11 EPS for the current fiscal year.

Andersons Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 23rd. Stockholders of record on Friday, January 2nd were issued a $0.20 dividend. This is a boost from Andersons’s previous quarterly dividend of $0.20. The ex-dividend date was Friday, January 2nd. This represents a $0.80 annualized dividend and a dividend yield of 1.3%. Andersons’s dividend payout ratio (DPR) is 37.38%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on ANDE shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Andersons in a research note on Wednesday, January 21st. BMO Capital Markets raised Andersons from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $50.00 to $65.00 in a report on Wednesday, December 10th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $58.33.

Insider Transactions at Andersons

In other Andersons news, VP Anne G. Rex sold 3,000 shares of the company’s stock in a transaction 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 completion of the sale, the vice president owned 23,549 shares in the company, valued at $1,209,476.64. This represents a 11.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John T. Stout, Jr. sold 12,500 shares of the company’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $51.77, for a total value of $647,125.00. Following the sale, the director owned 33,441 shares of the company’s stock, valued at $1,731,240.57. This trade represents a 27.21% 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 valued at $1,076,205. 4.30% of the stock is owned by corporate insiders.

About Andersons

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.