Public Employees Retirement System of Ohio Invests $2.80 Million in The Andersons, Inc. $ANDE

Public Employees Retirement System of Ohio acquired a new position in shares of The Andersons, Inc. (NASDAQ:ANDE) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 40,946 shares of the basic materials company’s stock, valued at approximately $2,801,000. Public Employees Retirement System of Ohio owned approximately 0.12% of Andersons at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Uniplan Investment Counsel Inc. bought a new position in shares of Andersons during the fourth quarter worth about $25,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Andersons in the second quarter valued at about $38,000. Nomura Asset Management Co. Ltd. raised its stake in Andersons by 95.2% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 820 shares of the basic materials company’s stock valued at $44,000 after buying an additional 400 shares in the last quarter. Larson Financial Group LLC raised its stake 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 valued at $40,000 after buying an additional 1,008 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. bought a new position in Andersons during the 2nd quarter worth approximately $82,000. Institutional investors own 87.06% of the company’s stock.

Andersons Stock Down 0.3%

Shares of Andersons stock opened at $69.31 on Friday. The stock has a market capitalization of $2.36 billion, a price-to-earnings ratio of 13.38 and a beta of 0.63. The Andersons, Inc. has a twelve month low of $37.69 and a twelve month high of $82.11. The company has a current ratio of 1.51, a quick ratio of 0.81 and a debt-to-equity ratio of 0.42. The business’s 50 day simple moving average is $70.05 and its 200-day simple moving average is $70.59.

Andersons (NASDAQ:ANDE) last issued its quarterly earnings data on Monday, August 3rd. The basic materials company reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $1.48 by $0.67. Andersons had a return on equity of 16.23% and a net margin of 1.62%.The firm had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.28 billion. During the same period in the prior year, the business earned $0.24 EPS. The firm’s revenue was down 1.2% on a year-over-year basis.

Andersons Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 22nd. Stockholders of record on Thursday, October 1st will be given a dividend of $0.20 per share. The ex-dividend date is Thursday, October 1st. This represents a $0.80 annualized dividend and a dividend yield of 1.2%. Andersons’s dividend payout ratio is currently 15.44%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on ANDE shares. Deutsche Bank Aktiengesellschaft set a $110.00 price target on Andersons in a report on Tuesday, August 4th. The Goldman Sachs Group cut Andersons to a “buy” rating in a research note on Thursday, June 18th. BMO Capital Markets lifted their price objective on shares of Andersons from $75.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. UBS Group set a $90.00 target price on shares of Andersons in a research note on Wednesday, May 20th. Finally, Wall Street Zen upgraded shares of Andersons from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Andersons has an average rating of “Buy” and a consensus price target of $95.00.

Insider Buying and Selling at Andersons

In related news, Director Patrick Bowe sold 3,534 shares of Andersons stock in a transaction dated Wednesday, July 22nd. The shares were sold at an average price of $80.53, for a total value of $284,593.02. Following the sale, the director directly owned 74,875 shares in the company, valued at $6,029,683.75. This trade represents a 4.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 4.30% of the stock is currently owned by company insiders.

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.