Great Lakes Advisors LLC Buys New Shares in The Andersons, Inc. $ANDE

Great Lakes Advisors LLC purchased a new position in shares of The Andersons, Inc. (NASDAQ:ANDE) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 18,205 shares of the basic materials company’s stock, valued at approximately $1,245,000. Great Lakes Advisors LLC owned about 0.05% of Andersons as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the stock. Uniplan Investment Counsel Inc. acquired a new position in shares of Andersons in the 4th quarter valued at $25,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Andersons during the 2nd quarter valued at $38,000. Nomura Asset Management Co. Ltd. increased its holdings in shares of Andersons by 95.2% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 820 shares of the basic materials company’s stock worth $44,000 after buying an additional 400 shares during the last quarter. Larson Financial Group LLC increased its holdings in shares of Andersons by 33,600.0% during the 3rd quarter. Larson Financial Group LLC now owns 1,011 shares of the basic materials company’s stock worth $40,000 after buying an additional 1,008 shares during the last quarter. Finally, Group One Trading LLC raised its position in shares of Andersons by 230.0% in the 1st quarter. Group One Trading LLC now owns 1,320 shares of the basic materials company’s stock worth $95,000 after buying an additional 920 shares during the period. Hedge funds and other institutional investors own 87.06% of the company’s stock.

Andersons Price Performance

ANDE stock opened at $68.06 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.81 and a current ratio of 1.51. The Andersons, Inc. has a 1 year low of $37.69 and a 1 year high of $82.11. The firm has a market cap of $2.32 billion, a P/E ratio of 13.14 and a beta of 0.66. The stock has a 50-day simple moving average of $70.80 and a 200-day simple moving average of $70.59.

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

Andersons Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 22nd. Stockholders of record on Thursday, October 1st will be paid a $0.20 dividend. 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 15.44%.

Analyst Upgrades and Downgrades

ANDE has been the topic of a number of research analyst reports. Texas Capital upgraded Andersons to a “strong-buy” rating in a report on Thursday, June 18th. The Goldman Sachs Group lowered Andersons to a “buy” rating in a research note on Thursday, June 18th. Deutsche Bank Aktiengesellschaft set a $110.00 price objective on Andersons in a report on Tuesday, August 4th. Benchmark reaffirmed a “buy” rating on shares of Andersons in a research note on Monday, June 15th. Finally, Wall Street Zen upgraded Andersons from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $95.00.

Insider Buying and Selling at Andersons

In related news, Director Patrick E. Bowe sold 3,534 shares of the firm’s stock in a transaction on Wednesday, July 22nd. The shares were sold at an average price of $80.53, for a total transaction of $284,593.02. Following the completion of the sale, the director directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 4.30% of the company’s stock.

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.