The Andersons, Inc. $ANDE Shares Bought by Janus Henderson Group PLC

Janus Henderson Group PLC raised its holdings in The Andersons, Inc. (NASDAQ:ANDE) by 35.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 860,942 shares of the basic materials company’s stock after buying an additional 223,600 shares during the quarter. Janus Henderson Group PLC’s holdings in Andersons were worth $61,768,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of Andersons during the fourth quarter worth about $5,273,000. Tudor Investment Corp ET AL raised its position in shares of Andersons by 149.9% in the 3rd quarter. Tudor Investment Corp ET AL now owns 153,572 shares of the basic materials company’s stock valued at $6,114,000 after purchasing an additional 92,110 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in Andersons by 25.6% in the 4th quarter. Teacher Retirement System of Texas now owns 165,999 shares of the basic materials company’s stock worth $8,826,000 after purchasing an additional 33,873 shares in the last quarter. Pacer Advisors Inc. acquired a new stake in Andersons in the 4th quarter worth approximately $9,027,000. Finally, OP Asset Management Ltd purchased a new stake in Andersons during the 1st quarter worth approximately $12,228,000. Institutional investors and hedge funds own 87.06% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Activity

In related news, Director Patrick E. Bowe sold 16,466 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $80.76, for a total transaction of $1,329,794.16. Following the completion of the transaction, the director directly owned 78,409 shares in the company, valued at $6,332,310.84. The trade was a 17.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at 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.

Andersons Price Performance

Shares of NASDAQ:ANDE opened at $70.78 on Friday. The Andersons, Inc. has a twelve month low of $31.84 and a twelve month high of $82.11. The company’s 50 day moving average is $72.17 and its 200 day moving average is $69.73. The company has a current ratio of 1.37, a quick ratio of 0.62 and a debt-to-equity ratio of 0.43. The company has a market cap of $2.41 billion, a PE ratio of 18.82 and a beta of 0.65.

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

Andersons Announces Dividend

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