Avior Wealth Management LLC Sells 8,091 Shares of The Andersons, Inc. $ANDE

Avior Wealth Management LLC lowered its holdings in The Andersons, Inc. (NASDAQ:ANDE) by 35.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 15,018 shares of the basic materials company’s stock after selling 8,091 shares during the quarter. Avior Wealth Management LLC’s holdings in Andersons were worth $799,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC acquired a new stake in Andersons in the 3rd quarter valued at about $30,000. Larson Financial Group LLC lifted its position in shares of Andersons by 33,600.0% during the third quarter. Larson Financial Group LLC now owns 1,011 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 1,008 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Andersons by 34.8% during the fourth quarter. GAMMA Investing LLC now owns 1,266 shares of the basic materials company’s stock valued at $67,000 after purchasing an additional 327 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Andersons by 227.9% during the second quarter. Tower Research Capital LLC TRC now owns 2,954 shares of the basic materials company’s stock valued at $109,000 after purchasing an additional 2,053 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its holdings in shares of Andersons by 57.1% in the second quarter. Canada Pension Plan Investment Board now owns 4,400 shares of the basic materials company’s stock valued at $162,000 after purchasing an additional 1,600 shares in the last quarter. Institutional investors own 87.06% of the company’s stock.

Andersons Stock Performance

Shares of ANDE opened at $66.44 on Friday. 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 Andersons, Inc. has a twelve month low of $31.03 and a twelve month high of $71.54. The firm’s 50 day moving average price is $64.50 and its two-hundred day moving average price is $53.37. The firm has a market cap of $2.26 billion, a P/E ratio of 23.73 and a beta of 0.74.

Andersons (NASDAQ:ANDE) last issued its quarterly earnings results on Tuesday, February 17th. The basic materials company reported $2.04 EPS for the quarter, beating analysts’ consensus estimates of $1.56 by $0.48. Andersons had a return on equity of 7.76% and a net margin of 0.87%.The company had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.69 billion. During the same period in the previous year, the company posted $1.31 earnings per share. The company’s quarterly revenue was down 18.8% compared to the same quarter last year. On average, analysts forecast that The Andersons, Inc. will post 3.11 EPS for the current fiscal year.

Andersons Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 1st will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.2%. The ex-dividend date is Wednesday, April 1st. Andersons’s payout ratio is presently 28.57%.

Insider Buying and Selling at Andersons

In related news, VP Brian K. Walz sold 8,975 shares of the stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $70.74, for a total transaction of $634,891.50. Following the completion of the transaction, the vice president directly owned 11,913 shares of the company’s stock, valued at approximately $842,725.62. This represents a 42.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Patrick E. Bowe sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $70.41, for a total value of $1,056,150.00. Following the completion of the transaction, the director owned 159,875 shares of the company’s stock, valued at approximately $11,256,798.75. This represents a 8.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 29,299 shares of company stock valued at $2,051,771. Corporate insiders own 4.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on ANDE shares. Weiss Ratings restated a “hold (c)” rating on shares of Andersons in a research report on Wednesday, January 21st. Wall Street Zen cut Andersons from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Benchmark reissued a “buy” rating on shares of Andersons in a report on Wednesday, February 18th. Finally, BMO Capital Markets upped their target price on shares of Andersons from $65.00 to $75.00 and gave the company an “outperform” rating in a research report on Thursday, February 19th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Andersons has an average rating of “Moderate Buy” and an average target price of $68.33.

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.