107,500 Shares in The Andersons, Inc. $ANDE Bought by PDT Partners LLC

PDT Partners LLC acquired a new position in shares of The Andersons, Inc. (NASDAQ:ANDE) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 107,500 shares of the basic materials company’s stock, valued at approximately $7,353,000. PDT Partners LLC owned about 0.32% of Andersons as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in ANDE. Optimize Financial Inc grew its holdings in shares of Andersons by 1.4% during the fourth quarter. Optimize Financial Inc now owns 14,657 shares of the basic materials company’s stock worth $779,000 after buying an additional 208 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its stake in 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 during the last quarter. Uniplan Investment Counsel Inc. purchased a new stake in Andersons during the 4th quarter valued at approximately $25,000. Amundi lifted its position in Andersons by 2.0% during the 4th quarter. Amundi now owns 24,085 shares of the basic materials company’s stock worth $1,281,000 after acquiring an additional 474 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Andersons during the 2nd quarter worth approximately $38,000. 87.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Benchmark reissued a “buy” rating on shares of Andersons in a report on Monday, June 15th. Texas Capital raised Andersons to a “strong-buy” rating in a report on Thursday, June 18th. UBS Group set a $90.00 price objective on shares of Andersons in a research report on Wednesday, May 20th. Weiss Ratings raised shares of Andersons from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 18th. Finally, The Goldman Sachs Group downgraded shares of Andersons to a “buy” rating in a research report on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $95.00.

Insider Activity at Andersons

In other Andersons news, Director Patrick E. Bowe sold 3,534 shares of the business’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 sale, the director directly owned 74,875 shares in the company, valued at approximately $6,029,683.75. The trade was a 4.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 4.30% of the company’s stock.

Andersons Stock Performance

Shares of ANDE stock opened at $65.92 on Wednesday. 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 stock has a 50 day simple moving average of $70.65 and a 200-day simple moving average of $70.66. The company has a market cap of $2.24 billion, a price-to-earnings ratio of 12.73 and a beta of 0.66. The Andersons, Inc. has a 12-month low of $37.69 and a 12-month high of $82.11.

Andersons (NASDAQ:ANDE) last posted its quarterly earnings results on Monday, August 3rd. The basic materials company reported $2.15 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $3.28 billion. During the same period in the previous year, the business earned $0.24 earnings per share. The company’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 will be paid on Thursday, October 22nd. Shareholders of record on Thursday, October 1st will be issued a $0.20 dividend. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $0.80 dividend on an annualized basis and a yield of 1.2%. Andersons’s dividend payout ratio (DPR) is 15.44%.

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.