Mitsubishi UFJ Trust & Banking Corp Decreases Stock Holdings in The Andersons, Inc. $ANDE

Mitsubishi UFJ Trust & Banking Corp cut its stake in shares of The Andersons, Inc. (NASDAQ:ANDE) by 26.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 35,236 shares of the basic materials company’s stock after selling 12,989 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Andersons were worth $1,403,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC purchased a new stake in Andersons during the third quarter valued at approximately $30,000. Tower Research Capital LLC TRC raised its stake in Andersons by 227.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,954 shares of the basic materials company’s stock valued at $109,000 after purchasing an additional 2,053 shares during the period. Trust Co. of Toledo NA OH bought a new stake in shares of Andersons during the second quarter valued at approximately $114,000. Canada Pension Plan Investment Board boosted its holdings in shares of Andersons by 57.1% during the 2nd quarter. Canada Pension Plan Investment Board now owns 4,400 shares of the basic materials company’s stock valued at $162,000 after purchasing an additional 1,600 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in Andersons during the second quarter valued at approximately $201,000. Institutional investors own 87.06% of the company’s stock.

Andersons Price Performance

NASDAQ ANDE opened at $61.99 on Friday. The Andersons, Inc. has a 12-month low of $31.03 and a 12-month high of $62.49. The firm has a market capitalization of $2.10 billion, a P/E ratio of 28.97 and a beta of 0.78. The company has a current ratio of 1.47, a quick ratio of 0.80 and a debt-to-equity ratio of 0.47. The firm’s fifty day simple moving average is $54.77 and its two-hundred day simple moving average is $46.33.

Andersons (NASDAQ:ANDE) last announced its quarterly earnings data on Tuesday, November 4th. The basic materials company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.46 by $0.38. Andersons had a net margin of 0.63% and a return on equity of 5.83%. The firm had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.85 billion. During the same period last year, the firm posted $0.80 EPS. Andersons’s revenue was up 2.2% on a year-over-year basis. Analysts forecast that The Andersons, Inc. will post 3.11 EPS for the current fiscal year.

Andersons Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 23rd. Shareholders of record on Friday, January 2nd were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, January 2nd. This represents a $0.80 annualized dividend and a yield of 1.3%. This is an increase from Andersons’s previous quarterly dividend of $0.20. Andersons’s payout ratio is 37.38%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Andersons in a research report on Wednesday, January 21st. BMO Capital Markets upgraded Andersons from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $50.00 to $65.00 in a research note on Wednesday, December 10th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $58.33.

Insider Activity at Andersons

In related news, VP Anne G. Rex sold 3,000 shares of the business’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $51.36, for a total value of $154,080.00. Following the completion of the transaction, the vice president directly owned 23,549 shares in the company, valued at $1,209,476.64. The trade was a 11.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John T. Stout, Jr. sold 12,500 shares of Andersons stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $51.77, for a total value of $647,125.00. Following the completion of the transaction, the director owned 33,441 shares of the company’s stock, valued at approximately $1,731,240.57. This represents a 27.21% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 20,500 shares of company stock valued at $1,076,205. Insiders own 4.30% of the company’s stock.

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.