SG Americas Securities LLC Has $7.80 Million Stock Holdings in The Andersons, Inc. $ANDE

SG Americas Securities LLC decreased its stake in The Andersons, Inc. (NASDAQ:ANDE) by 11.5% in the 1st quarter, Holdings Channel.com reports. The firm owned 108,619 shares of the basic materials company’s stock after selling 14,115 shares during the quarter. SG Americas Securities LLC’s holdings in Andersons were worth $7,797,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in ANDE. Uniplan Investment Counsel Inc. bought a new stake in shares of Andersons during the fourth quarter worth $25,000. Optima Capital LLC bought a new position in shares of Andersons in the 4th quarter valued at $32,000. Larson Financial Group LLC boosted 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 valued at $40,000 after acquiring an additional 1,008 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted 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 valued at $44,000 after acquiring an additional 400 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its position in Andersons by 34.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 962 shares of the basic materials company’s stock worth $51,000 after acquiring an additional 246 shares during the last quarter. Institutional investors and hedge funds own 87.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on ANDE shares. Benchmark reaffirmed a “buy” rating on shares of Andersons in a report on Monday, June 15th. Weiss Ratings upgraded Andersons from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. The Goldman Sachs Group downgraded Andersons to a “buy” rating in a research note on Thursday, June 18th. Texas Capital upgraded shares of Andersons to a “strong-buy” rating in a report on Thursday, June 18th. Finally, UBS Group set a $90.00 target price on shares of Andersons in a research report on Wednesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $85.00.

Andersons Stock Down 0.1%

Shares of ANDE opened at $71.08 on Friday. The company has a market capitalization of $2.42 billion, a PE ratio of 18.90 and a beta of 0.64. The Andersons, Inc. has a 12 month low of $31.84 and a 12 month high of $82.11. The stock’s 50-day moving average price is $72.33 and its two-hundred day moving average price is $66.33. The company has a current ratio of 1.37, a quick ratio of 0.62 and a debt-to-equity ratio of 0.43.

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

Andersons Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 1st will be issued a $0.20 dividend. The ex-dividend date is Wednesday, July 1st. This represents a $0.80 annualized dividend and a yield of 1.1%. Andersons’s dividend payout ratio is presently 21.28%.

Insiders Place Their Bets

In other Andersons news, Director Patrick E. Bowe sold 16,466 shares of the stock in a transaction that occurred 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 sale, the director owned 78,409 shares of the company’s stock, valued at approximately $6,332,310.84. This represents a 17.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 66,466 shares of company stock worth $5,153,667. Corporate insiders own 4.30% of the company’s stock.

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.