OP Asset Management Ltd Purchases New Position in The Andersons, Inc. $ANDE

OP Asset Management Ltd purchased a new stake in The Andersons, Inc. (NASDAQ:ANDE) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 170,348 shares of the basic materials company’s stock, valued at approximately $12,228,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its position in shares of Andersons by 0.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,349,243 shares of the basic materials company’s stock worth $124,910,000 after buying an additional 17,278 shares during the last quarter. Rubric Capital Management LP acquired a new position in shares of Andersons in the 4th quarter valued at $53,469,000. Geode Capital Management LLC grew its position in shares of Andersons by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 822,812 shares of the basic materials company’s stock valued at $43,757,000 after buying an additional 3,259 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Andersons by 354.7% in the 4th quarter. Victory Capital Management Inc. now owns 731,019 shares of the basic materials company’s stock valued at $38,868,000 after buying an additional 570,245 shares during the last quarter. Finally, Ophir Asset Management Pty Ltd acquired a new stake in Andersons during the 4th quarter worth $38,746,000. Institutional investors and hedge funds own 87.06% of the company’s stock.

Insider Activity

In related news, Director Patrick E. Bowe sold 19,100 shares of the firm’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $78.31, for a total transaction of $1,495,721.00. Following the transaction, the director owned 94,875 shares of the company’s stock, valued at $7,429,661.25. This trade represents a 16.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 66,466 shares of company stock worth $5,153,667 over the last 90 days. Company insiders own 4.30% of the company’s stock.

Wall Street Analyst Weigh In

ANDE has been the subject of a number of research reports. Texas Capital raised shares of Andersons to a “strong-buy” rating in a research report on Thursday, June 18th. The Goldman Sachs Group cut Andersons to a “buy” rating in a research report on Thursday, June 18th. Wall Street Zen raised Andersons from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. UBS Group set a $90.00 target price on Andersons in a research report on Wednesday, May 20th. Finally, Benchmark restated a “buy” rating on shares of Andersons in a research note on Monday, June 15th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Andersons currently has an average rating of “Buy” and a consensus target price of $85.00.

Andersons Stock Down 0.2%

ANDE stock opened at $70.65 on Thursday. The company has a market cap of $2.41 billion, a price-to-earnings ratio of 18.79 and a beta of 0.64. The company has a fifty day moving average price of $72.36 and a 200 day moving average price of $66.15. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.37 and a quick ratio of 0.62. The Andersons, Inc. has a 12 month low of $31.84 and a 12 month high of $82.11.

Andersons (NASDAQ:ANDE) last issued its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.42. The company 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%. Andersons’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 EPS.

Andersons Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 1st will be paid a dividend of $0.20 per share. The ex-dividend date is Wednesday, July 1st. This represents a $0.80 annualized dividend and a dividend yield of 1.1%. Andersons’s dividend payout ratio is 21.28%.

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.