The Andersons, Inc. (NASDAQ:ANDE) Shares Purchased by Walleye Capital LLC

Walleye Capital LLC boosted its stake in The Andersons, Inc. (NASDAQ:ANDEGet Rating) by 16.7% in the 1st quarter, Holdings Channel reports. The firm owned 8,753 shares of the basic materials company’s stock after purchasing an additional 1,253 shares during the period. Walleye Capital LLC’s holdings in Andersons were worth $440,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Advisory Services Network LLC acquired a new stake in shares of Andersons in the first quarter valued at $248,000. BNP Paribas Arbitrage SA raised its position in Andersons by 46.5% in the 1st quarter. BNP Paribas Arbitrage SA now owns 97,309 shares of the basic materials company’s stock valued at $4,891,000 after purchasing an additional 30,871 shares in the last quarter. Auxier Asset Management acquired a new stake in Andersons in the 1st quarter valued at about $226,000. Virtu Financial LLC acquired a new position in shares of Andersons during the first quarter worth about $468,000. Finally, Advisors Asset Management Inc. raised its holdings in Andersons by 5.5% in the first quarter. Advisors Asset Management Inc. now owns 57,306 shares of the basic materials company’s stock valued at $2,880,000 after acquiring an additional 2,978 shares in the last quarter. Institutional investors and hedge funds own 83.78% of the company’s stock.

Wall Street Analyst Weigh In

Separately, TheStreet upgraded shares of Andersons from a “c” rating to a “b-” rating in a report on Tuesday, August 2nd. Two analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $51.00.

Insider Transactions at Andersons

In other news, Director Michael J. Anderson sold 3,210 shares of Andersons stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $40.59, for a total transaction of $130,293.90. Following the completion of the sale, the director now directly owns 326,644 shares in the company, valued at approximately $13,258,479.96. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Andersons news, Director Michael J. Anderson sold 3,210 shares of the business’s stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $40.59, for a total transaction of $130,293.90. Following the completion of the sale, the director now directly owns 326,644 shares in the company, valued at $13,258,479.96. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Michael J. Anderson sold 806 shares of Andersons stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $38.84, for a total value of $31,305.04. Following the sale, the director now owns 406,168 shares in the company, valued at $15,775,565.12. The disclosure for this sale can be found here. In the last quarter, insiders sold 61,911 shares of company stock worth $2,176,972. Company insiders own 6.10% of the company’s stock.

Andersons Trading Down 1.9 %

NASDAQ:ANDE opened at $31.96 on Friday. The stock has a 50-day simple moving average of $35.97 and a 200-day simple moving average of $40.10. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.76 and a current ratio of 1.39. The stock has a market cap of $1.08 billion, a P/E ratio of 8.41 and a beta of 0.67. The Andersons, Inc. has a 1 year low of $29.01 and a 1 year high of $59.00.

Andersons (NASDAQ:ANDEGet Rating) last announced its quarterly earnings results on Tuesday, August 2nd. The basic materials company reported $2.39 EPS for the quarter, topping the consensus estimate of $1.10 by $1.29. Andersons had a net margin of 0.86% and a return on equity of 10.05%. The firm had revenue of $4.45 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same period last year, the business earned $1.31 EPS. As a group, analysts anticipate that The Andersons, Inc. will post 3.61 earnings per share for the current fiscal year.

Andersons Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 21st. Stockholders of record on Monday, October 3rd will be given a dividend of $0.18 per share. The ex-dividend date is Friday, September 30th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.25%. Andersons’s dividend payout ratio (DPR) is presently 18.95%.

Andersons Profile

(Get Rating)

The Andersons, Inc, an agriculture company, operates in trade, renewables, and plant nutrient sectors in the United States and internationally. The company's Trade segment operates grain elevators; stores commodities; and provides grain marketing, risk management, and origination services to its customers and affiliated ethanol facilities.

Further Reading

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Institutional Ownership by Quarter for Andersons (NASDAQ:ANDE)

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