The Andersons, Inc. $ANDE Shares Sold by Rubric Capital Management LP

Rubric Capital Management LP reduced its position in The Andersons, Inc. (NASDAQ:ANDE) by 14.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 855,819 shares of the basic materials company’s stock after selling 149,812 shares during the period. Rubric Capital Management LP’s holdings in Andersons were worth $61,431,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its holdings in Andersons by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,349,243 shares of the basic materials company’s stock valued at $124,910,000 after purchasing an additional 17,278 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Andersons by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 822,812 shares of the basic materials company’s stock worth $43,757,000 after buying an additional 3,259 shares during the last quarter. Victory Capital Management Inc. boosted 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 worth $38,868,000 after buying an additional 570,245 shares in the last quarter. Ophir Asset Management Pty Ltd acquired a new stake in Andersons in the 4th quarter valued at about $38,746,000. Finally, Janus Henderson Group PLC grew its stake in Andersons by 82.1% in the 4th quarter. Janus Henderson Group PLC now owns 637,342 shares of the basic materials company’s stock valued at $33,875,000 after acquiring an additional 287,304 shares during the last quarter. 87.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ANDE. UBS Group set a $90.00 price target on shares of Andersons in a report on Wednesday, May 20th. Weiss Ratings raised Andersons from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, May 7th. Benchmark reiterated a “buy” rating on shares of Andersons in a report on Monday, June 15th. Texas Capital raised Andersons to a “strong-buy” rating in a research report on Thursday, June 18th. Finally, The Goldman Sachs Group cut Andersons to a “buy” rating in a report on Thursday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $85.00.

Andersons Price Performance

Andersons stock opened at $74.60 on Tuesday. The Andersons, Inc. has a 12-month low of $31.84 and a 12-month high of $82.11. The stock has a market capitalization of $2.54 billion, a P/E ratio of 19.84 and a beta of 0.65. The firm’s 50-day moving average is $72.09 and its two-hundred day moving average is $69.34. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.37 and a quick ratio of 0.62.

Andersons (NASDAQ:ANDE) last issued its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.42. The business had revenue of $2.63 billion during 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 quarterly revenue was down 1.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.12 earnings per share.

Andersons Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 22nd. Investors of record on Wednesday, July 1st were given a dividend of $0.20 per share. The ex-dividend date was Wednesday, July 1st. This represents a $0.80 dividend on an annualized basis and a yield of 1.1%. Andersons’s dividend payout ratio (DPR) is 21.28%.

Insider Buying and Selling

In other Andersons news, Director Patrick E. Bowe sold 16,466 shares of the business’s stock in a transaction 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 completion of the transaction, the director directly owned 78,409 shares in the company, valued at approximately $6,332,310.84. The trade was a 17.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 36,466 shares of company stock valued at $2,895,769. 4.30% of the stock is currently owned by insiders.

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.