The Andersons, Inc. (NASDAQ:ANDE) Holdings Trimmed by Delphia USA Inc.

Delphia USA Inc. cut its holdings in The Andersons, Inc. (NASDAQ:ANDE) by 19.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,490 shares of the basic materials company’s stock after selling 2,299 shares during the quarter. Delphia USA Inc.’s holdings in Andersons were worth $392,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in ANDE. Raymond James & Associates purchased a new position in Andersons in the 1st quarter worth about $515,000. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Andersons by 12.5% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 12,517 shares of the basic materials company’s stock valued at $629,000 after acquiring an additional 1,392 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Andersons by 5.0% in the 1st quarter. Bank of New York Mellon Corp now owns 418,039 shares of the basic materials company’s stock valued at $21,010,000 after acquiring an additional 19,978 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Andersons by 24.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 9,684 shares of the basic materials company’s stock valued at $487,000 after buying an additional 1,873 shares in the last quarter. Finally, Citigroup Inc. raised its position in Andersons by 9.7% during the first quarter. Citigroup Inc. now owns 27,445 shares of the basic materials company’s stock valued at $1,380,000 after buying an additional 2,418 shares during the period. Institutional investors own 85.16% of the company’s stock.

Andersons Stock Performance

Shares of NASDAQ ANDE traded down $0.10 during mid-day trading on Monday, reaching $50.24. 44,055 shares of the company were exchanged, compared to its average volume of 238,625. The stock has a market capitalization of $1.70 billion, a P/E ratio of 20.08 and a beta of 0.76. The company has a quick ratio of 1.11, a current ratio of 1.82 and a debt-to-equity ratio of 0.40. The company’s 50-day simple moving average is $49.85 and its 200-day simple moving average is $44.73. The Andersons, Inc. has a twelve month low of $30.00 and a twelve month high of $53.45.

Andersons (NASDAQ:ANDE) last issued its quarterly earnings data on Wednesday, August 2nd. The basic materials company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.46. The company had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $4.13 billion. Andersons had a return on equity of 7.79% and a net margin of 0.51%. The business’s revenue was down 9.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.39 earnings per share. As a group, research analysts predict that The Andersons, Inc. will post 2.9 earnings per share for the current year.

Andersons Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Monday, October 2nd will be given a $0.185 dividend. The ex-dividend date is Friday, September 29th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 1.47%. Andersons’s payout ratio is presently 29.72%.

Analysts Set New Price Targets

Several equities analysts have recently commented on ANDE shares. StockNews.com assumed coverage on shares of Andersons in a report on Thursday, August 17th. They set a “buy” rating on the stock. Stephens lifted their price target on Andersons from $55.00 to $60.00 and gave the company an “overweight” rating in a report on Thursday, August 3rd. Lake Street Capital increased their price target on shares of Andersons from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Finally, Roth Mkm raised their price objective on Andersons from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, August 3rd.

Insider Activity at Andersons

In related news, CEO Patrick E. Bowe sold 9,878 shares of the company’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $52.15, for a total transaction of $515,137.70. Following the completion of the sale, the chief executive officer now owns 132,291 shares of the company’s stock, valued at $6,898,975.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Patrick E. Bowe sold 9,878 shares of the firm’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $52.15, for a total value of $515,137.70. Following the sale, the chief executive officer now directly owns 132,291 shares in the company, valued at approximately $6,898,975.65. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Michael J. Anderson sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $47.05, for a total transaction of $141,150.00. Following the transaction, the director now owns 278,644 shares of the company’s stock, valued at $13,110,200.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 138,153 shares of company stock worth $7,033,450. Corporate insiders own 5.70% of the company’s stock.

About Andersons

The Andersons, Inc operates in trade, renewables, and plant nutrient sectors in the United States and internationally. It operates through three segments: Trade, Renewables, and Plant Nutrient. The company's Trade segment operates grain elevators; stores commodities; and provides grain marketing, risk management, and origination services, as well as sells commodities, such as corn, soybeans, wheat, oats, and corn oil.