Fideuram Intesa Sanpaolo Private Banking S.P.A. Takes Position in The Andersons, Inc. $ANDE

Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of The Andersons, Inc. (NASDAQ:ANDE) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 99,165 shares of the basic materials company’s stock, valued at approximately $5,273,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ANDE. Optima Capital LLC acquired a new stake in Andersons in the 4th quarter valued at $32,000. Wealth Enhancement Advisory Services LLC acquired a new position in Andersons during the third quarter worth $30,000. Larson Financial Group LLC raised its position in 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 acquiring an additional 1,008 shares during the period. GAMMA Investing LLC lifted its holdings in 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 in the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in 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 in the last quarter. Hedge funds and other institutional investors own 87.06% of the company’s stock.

Andersons Price Performance

Andersons stock opened at $70.65 on Thursday. The company has a fifty day simple moving average of $72.36 and a 200-day simple moving average of $62.35. The firm has a market capitalization of $2.41 billion, a price-to-earnings ratio of 18.79 and a beta of 0.69. The company has a quick ratio of 0.62, a current ratio of 1.37 and a debt-to-equity ratio of 0.43. The Andersons, Inc. has a 52-week low of $31.84 and a 52-week high of $82.11.

Andersons (NASDAQ:ANDE) last posted its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.42. The firm had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.71 billion. Andersons had a net margin of 1.17% and a return on equity of 10.68%. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period last year, the firm posted $0.12 earnings per share.

Analysts Set New Price Targets

A number of analysts have recently commented on ANDE shares. UBS Group set a $90.00 target price on shares of Andersons in a research note on Wednesday. BMO Capital Markets raised their price target on shares of Andersons from $65.00 to $75.00 and gave the company an “outperform” rating in a research note on Thursday, February 19th. Benchmark lifted their price objective on Andersons from $75.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Weiss Ratings upgraded Andersons from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, May 7th. Finally, Wall Street Zen raised Andersons from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Andersons has an average rating of “Moderate Buy” and a consensus target price of $85.00.

Insider Buying and Selling at Andersons

In other Andersons news, Director John T. Stout, Jr. sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $70.30, for a total value of $175,750.00. Following the transaction, the director directly owned 23,441 shares of the company’s stock, valued at $1,647,902.30. This trade represents a 9.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Patrick E. Bowe sold 16,466 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $80.76, for a total value of $1,329,794.16. Following the transaction, the director owned 78,409 shares in the company, valued at approximately $6,332,310.84. This represents a 17.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 95,565 shares of company stock worth $7,191,438. Insiders own 4.30% of the company’s stock.

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.