Trust Co. of Toledo NA OH Makes New $208,000 Investment in The Andersons, Inc. (NASDAQ:ANDE)

Trust Co. of Toledo NA OH purchased a new position in shares of The Andersons, Inc. (NASDAQ:ANDE) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 4,515 shares of the basic materials company’s stock, valued at approximately $208,000.

Other large investors have also recently bought and sold shares of the company. Inspire Investing LLC raised its stake in Andersons by 109.3% in the 1st quarter. Inspire Investing LLC now owns 14,007 shares of the basic materials company’s stock valued at $579,000 after acquiring an additional 7,314 shares during the period. Dimensional Fund Advisors LP raised its stake in Andersons by 1.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,591,941 shares of the basic materials company’s stock valued at $90,693,000 after acquiring an additional 36,273 shares during the period. SG Americas Securities LLC increased its position in Andersons by 18.6% during the 1st quarter. SG Americas Securities LLC now owns 9,691 shares of the basic materials company’s stock worth $400,000 after buying an additional 1,523 shares during the period. Summit Global Investments increased its position in Andersons by 14.7% during the 1st quarter. Summit Global Investments now owns 23,688 shares of the basic materials company’s stock worth $979,000 after buying an additional 3,030 shares during the period. Finally, Integrated Wealth Concepts LLC bought a new position in Andersons during the 1st quarter worth $1,016,000. Institutional investors and hedge funds own 85.16% of the company’s stock.

Wall Street Analyst Weigh In

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

Andersons Stock Performance

ANDE opened at $50.50 on Friday. The firm has a market cap of $1.70 billion, a P/E ratio of 20.28 and a beta of 0.76. The Andersons, Inc. has a 52-week low of $30.00 and a 52-week high of $53.45. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.11 and a current ratio of 1.82. The business’s fifty day moving average is $50.13 and its 200-day moving average is $44.90.

Andersons (NASDAQ:ANDE) last released its quarterly earnings data on Wednesday, August 2nd. The basic materials company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.46. The business had revenue of $4.02 billion for the quarter, compared to analyst estimates of $4.13 billion. Andersons had a return on equity of 7.79% and a net margin of 0.51%. Andersons’s revenue was down 9.7% compared to the same quarter last year. During the same period last year, the firm posted $2.39 earnings per share. Sell-side analysts expect that The Andersons, Inc. will post 2.9 EPS for the current fiscal year.

Andersons Dividend Announcement

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

Insider Activity at Andersons

In other news, CEO Patrick E. Bowe sold 55,788 shares of Andersons stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $50.47, for a total transaction of $2,815,620.36. Following the sale, the chief executive officer now directly owns 164,667 shares of the company’s stock, valued at $8,310,743.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Patrick E. Bowe sold 20,000 shares of the firm’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $52.70, for a total transaction of $1,054,000.00. Following the completion of the transaction, the chief executive officer now directly owns 144,667 shares in the company, valued at $7,623,950.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Patrick E. Bowe sold 55,788 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $50.47, for a total value of $2,815,620.36. Following the transaction, the chief executive officer now owns 164,667 shares of the company’s stock, valued at $8,310,743.49. The disclosure for this sale can be found here. Insiders have sold 138,153 shares of company stock valued at $7,033,450 over the last ninety days. 5.70% of the stock is owned by corporate insiders.

Andersons Profile

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.