34,779 Shares in The Andersons, Inc. $ANDE Purchased by Deutsche Bank AG

Deutsche Bank AG bought a new stake in The Andersons, Inc. (NASDAQ:ANDE) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 34,779 shares of the basic materials company’s stock, valued at approximately $2,379,000.

Other large investors also recently made changes to their positions in the company. Uniplan Investment Counsel Inc. acquired a new stake in shares of Andersons during the fourth quarter worth $25,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Andersons during the second quarter worth about $38,000. Nomura Asset Management Co. Ltd. raised its stake in Andersons by 95.2% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 820 shares of the basic materials company’s stock worth $44,000 after purchasing an additional 400 shares in the last quarter. Larson Financial Group LLC boosted its holdings in 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 purchasing an additional 1,008 shares during the period. Finally, Group One Trading LLC increased its holdings in shares of Andersons by 230.0% during the first quarter. Group One Trading LLC now owns 1,320 shares of the basic materials company’s stock worth $95,000 after purchasing an additional 920 shares during the period. Institutional investors own 87.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Texas Capital raised Andersons to a “strong-buy” rating in a report on Thursday, June 18th. Deutsche Bank Aktiengesellschaft set a $110.00 price target on Andersons in a research note on Tuesday, August 4th. BMO Capital Markets increased their price objective on shares of Andersons from $75.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. The Goldman Sachs Group cut shares of Andersons to a “buy” rating in a research report on Thursday, June 18th. Finally, UBS Group set a $90.00 price target on shares of Andersons in a research report on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $95.00.

Andersons Stock Performance

Shares of ANDE stock opened at $63.73 on Friday. The stock has a market capitalization of $2.17 billion, a PE ratio of 12.30 and a beta of 0.66. The business’s 50 day simple moving average is $70.43 and its 200 day simple moving average is $70.63. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.51 and a quick ratio of 0.81. The Andersons, Inc. has a one year low of $37.69 and a one year high of $82.11.

Andersons (NASDAQ:ANDE) last issued its quarterly 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 net margin of 1.62% and a return on equity of 16.23%. The firm had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.28 billion. During the same quarter in the previous year, the company earned $0.24 EPS. The company’s revenue for the quarter was down 1.2% on a year-over-year basis.

Andersons Announces Dividend

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

Insider Transactions at Andersons

In other Andersons news, Director Patrick E. Bowe sold 3,534 shares of the company’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 owned 74,875 shares of the company’s stock, valued at approximately $6,029,683.75. This represents a 4.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 4.30% of the stock is currently owned by insiders.

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.