206,010 Shares in The Andersons, Inc. $ANDE Acquired by Algert Global LLC

Algert Global LLC bought a new stake in shares of The Andersons, Inc. (NASDAQ:ANDE) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 206,010 shares of the basic materials company’s stock, valued at approximately $8,201,000. Algert Global LLC owned 0.61% of Andersons at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ANDE. AQR Capital Management LLC boosted its stake in shares of Andersons by 5.5% during the 1st quarter. AQR Capital Management LLC now owns 40,727 shares of the basic materials company’s stock worth $1,748,000 after acquiring an additional 2,137 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Andersons by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,425 shares of the basic materials company’s stock worth $834,000 after purchasing an additional 866 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in Andersons in the 2nd quarter worth $1,723,000. Geode Capital Management LLC raised its holdings in Andersons by 0.6% in the 2nd quarter. Geode Capital Management LLC now owns 799,891 shares of the basic materials company’s stock worth $29,400,000 after purchasing an additional 4,495 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Andersons by 7.7% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,279 shares of the basic materials company’s stock valued at $304,000 after purchasing an additional 591 shares in the last quarter. 87.06% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Andersons

In related news, VP Anne G. Rex sold 2,624 shares of the stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $65.16, for a total transaction of $170,979.84. Following the completion of the transaction, the vice president directly owned 23,829 shares of the company’s stock, valued at approximately $1,552,697.64. This represents a 9.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Brian K. Walz sold 8,975 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $70.74, for a total value of $634,891.50. Following the transaction, the vice president owned 11,913 shares of the company’s stock, valued at $842,725.62. This represents a 42.97% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 11,799 shares of company stock worth $819,871 over the last quarter. 4.30% of the stock is owned by company insiders.

Andersons Stock Performance

Shares of NASDAQ ANDE opened at $70.12 on Tuesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.60 and a current ratio of 1.41. The company has a market cap of $2.39 billion, a P/E ratio of 25.04 and a beta of 0.74. The firm’s fifty day moving average is $63.27 and its two-hundred day moving average is $52.67. The Andersons, Inc. has a 52-week low of $31.03 and a 52-week high of $71.54.

Andersons (NASDAQ:ANDE) last announced its quarterly earnings results on Tuesday, February 17th. The basic materials company reported $2.04 EPS for the quarter, topping the consensus estimate of $1.56 by $0.48. Andersons had a net margin of 0.87% and a return on equity of 7.76%. The business had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $2.69 billion. During the same quarter in the previous year, the company earned $1.31 EPS. The business’s quarterly revenue was down 18.8% compared to the same quarter last year. As a group, analysts anticipate that The Andersons, Inc. will post 3.11 EPS for the current fiscal year.

Andersons Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 22nd. Investors of record on Wednesday, April 1st will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Wednesday, April 1st. Andersons’s payout ratio is currently 28.57%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ANDE. Benchmark reissued a “buy” rating on shares of Andersons in a report on Wednesday, February 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Andersons in a research note on Wednesday, January 21st. Wall Street Zen cut Andersons from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, BMO Capital Markets boosted their price objective on Andersons from $65.00 to $75.00 and gave the company an “outperform” rating in a research note on Thursday, February 19th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Andersons has a consensus rating of “Moderate Buy” and an average target price of $68.33.

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.