Y Intercept Hong Kong Ltd Acquires New Position in The Andersons, Inc. $ANDE

Y Intercept Hong Kong Ltd purchased a new position in shares of The Andersons, Inc. (NASDAQ:ANDE) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 33,164 shares of the basic materials company’s stock, valued at approximately $1,320,000. Y Intercept Hong Kong Ltd owned 0.10% of Andersons as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. First Trust Advisors LP grew its holdings in Andersons by 11.5% in the second quarter. First Trust Advisors LP now owns 1,722,092 shares of the basic materials company’s stock valued at $63,287,000 after purchasing an additional 176,972 shares during the period. Geode Capital Management LLC grew its stake in shares of Andersons by 0.6% during the 2nd quarter. Geode Capital Management LLC now owns 799,891 shares of the basic materials company’s stock valued at $29,400,000 after buying an additional 4,495 shares during the period. Ameriprise Financial Inc. grew its stake in shares of Andersons by 3.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 495,524 shares of the basic materials company’s stock valued at $18,211,000 after buying an additional 18,585 shares during the period. Qube Research & Technologies Ltd increased its holdings in shares of Andersons by 262.8% during the 2nd quarter. Qube Research & Technologies Ltd now owns 273,377 shares of the basic materials company’s stock worth $10,047,000 after buying an additional 198,029 shares during the last quarter. Finally, Walnut Level Capital LLC purchased a new position in shares of Andersons in the 2nd quarter worth $6,989,000. Hedge funds and other institutional investors own 87.06% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on ANDE. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Andersons in a research note on Wednesday, January 21st. BMO Capital Markets upgraded shares of Andersons from a “market perform” rating to an “outperform” rating and boosted their price objective 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $58.33.

Insider Activity at Andersons

In other Andersons news, Director John T. Stout, Jr. sold 12,500 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $51.77, for a total transaction of $647,125.00. Following the transaction, the director owned 33,441 shares of the company’s stock, valued at approximately $1,731,240.57. This trade represents a 27.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Anne G. Rex sold 3,000 shares of the firm’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 transaction of $154,080.00. Following the transaction, the vice president owned 23,549 shares in the company, valued at $1,209,476.64. This represents a 11.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 20,500 shares of company stock valued at $1,076,205. Insiders own 4.30% of the company’s stock.

Andersons Stock Performance

Shares of ANDE stock opened at $61.99 on Friday. The stock has a market capitalization of $2.10 billion, a price-to-earnings ratio of 28.97 and a beta of 0.78. The Andersons, Inc. has a one year low of $31.03 and a one year high of $62.49. The company’s 50-day simple moving average is $54.77 and its 200-day simple moving average is $46.27. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.80 and a current ratio of 1.47.

Andersons (NASDAQ:ANDE) last announced its quarterly earnings data on Tuesday, November 4th. The basic materials company reported $0.84 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $2.85 billion. During the same period last year, the business posted $0.80 earnings per share. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. Equities analysts anticipate that The Andersons, Inc. will post 3.11 earnings per share for the current fiscal year.

Andersons Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 23rd. Stockholders of record on Friday, January 2nd were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.3%. This is a boost from Andersons’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Friday, January 2nd. Andersons’s dividend payout ratio is presently 37.38%.

Andersons Company 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.