Capstone Investment Advisors LLC Buys Shares of 15,487 The Andersons, Inc. $ANDE

Capstone Investment Advisors LLC bought a new position in shares of The Andersons, Inc. (NASDAQ:ANDE) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 15,487 shares of the basic materials company’s stock, valued at approximately $1,059,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Uniplan Investment Counsel Inc. bought a new position in Andersons during the 4th quarter worth approximately $25,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Andersons during the second quarter worth $38,000. Nomura Asset Management Co. Ltd. grew its holdings in shares of Andersons by 95.2% in the 4th 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 during the period. Larson Financial Group LLC increased its position in shares of Andersons by 33,600.0% in the 3rd 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. acquired a new stake in Andersons during the 2nd quarter worth $82,000. 87.06% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on ANDE. Benchmark reiterated a “buy” rating on shares of Andersons in a report on Monday, June 15th. Weiss Ratings raised Andersons from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 18th. Texas Capital upgraded Andersons to a “strong-buy” rating in a report on Thursday, June 18th. Wall Street Zen upgraded Andersons from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Finally, Deutsche Bank Aktiengesellschaft set a $110.00 target price on Andersons in a research note on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $95.00.

Insider Transactions at Andersons

In related news, Director Patrick E. Bowe sold 3,534 shares of Andersons stock in a transaction that occurred on Wednesday, July 22nd. The stock was sold at an average price of $80.53, for a total value of $284,593.02. Following the sale, the director owned 74,875 shares of the company’s stock, valued at approximately $6,029,683.75. This trade represents a 4.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 4.30% of the company’s stock.

Andersons Trading Down 2.3%

ANDE opened at $63.73 on Friday. The stock has a market capitalization of $2.17 billion, a P/E ratio of 12.30 and a beta of 0.66. 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 Andersons, Inc. has a 12 month low of $37.69 and a 12 month high of $82.11. The firm’s fifty day simple moving average is $70.43 and its 200 day simple moving average is $70.63.

Andersons (NASDAQ:ANDE) last released its earnings results on Monday, August 3rd. The basic materials company reported $2.15 earnings per share (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 analysts’ expectations of $3.28 billion. During the same quarter in the prior year, the company earned $0.24 EPS. The company’s revenue was down 1.2% on a year-over-year basis.

Andersons Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 22nd. Investors of record on Thursday, October 1st will be issued a dividend of $0.20 per share. The ex-dividend date is Thursday, October 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.3%. Andersons’s dividend payout ratio (DPR) is presently 15.44%.

Andersons 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.