Balyasny Asset Management L.P. Buys Shares of 105,696 The Andersons, Inc. (NASDAQ:ANDE)

Balyasny Asset Management L.P. bought a new position in The Andersons, Inc. (NASDAQ:ANDE) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 105,696 shares of the basic materials company’s stock, valued at approximately $4,283,000. Balyasny Asset Management L.P. owned about 0.31% of Andersons at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its stake in shares of Andersons by 16.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,866 shares of the basic materials company’s stock valued at $116,000 after purchasing an additional 412 shares in the last quarter. Arete Wealth Advisors LLC grew its position in Andersons by 9.4% in the fourth quarter. Arete Wealth Advisors LLC now owns 6,710 shares of the basic materials company’s stock worth $272,000 after buying an additional 579 shares during the last quarter. KBC Group NV grew its holdings in shares of Andersons by 70.3% in the 4th quarter. KBC Group NV now owns 1,558 shares of the basic materials company’s stock worth $63,000 after acquiring an additional 643 shares during the last quarter. Sterling Capital Management LLC lifted its stake in Andersons by 9.0% during the fourth quarter. Sterling Capital Management LLC now owns 9,912 shares of the basic materials company’s stock valued at $402,000 after buying an additional 819 shares in the last quarter. Finally, Diversified Trust Co boosted its stake in Andersons by 9.1% in the 4th quarter. Diversified Trust Co now owns 11,278 shares of the basic materials company’s stock worth $457,000 after purchasing an additional 944 shares during the period. Institutional investors own 87.06% of the company’s stock.

Insider Activity

In related news, VP Weston Heide sold 800 shares of the company’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $48.00, for a total value of $38,400.00. Following the completion of the transaction, the vice president now directly owns 16,104 shares in the company, valued at approximately $772,992. This represents a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. StockNews.com upgraded Andersons from a “hold” rating to a “buy” rating in a research report on Wednesday. BMO Capital Markets started coverage on shares of Andersons in a report on Tuesday, May 6th. They issued a “market perform” rating and a $45.00 price objective for the company. Lake Street Capital cut their target price on Andersons from $70.00 to $55.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Stephens reissued an “overweight” rating and set a $55.00 price objective on shares of Andersons in a report on Wednesday, February 19th.

Andersons Stock Up 0.7 %

Andersons stock opened at $34.65 on Friday. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of 10.44 and a beta of 0.73. The firm has a fifty day moving average price of $39.67 and a two-hundred day moving average price of $42.48. The Andersons, Inc. has a fifty-two week low of $31.03 and a fifty-two week high of $55.52. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.65 and a quick ratio of 0.90.

Andersons (NASDAQ:ANDE) last announced its earnings results on Tuesday, May 6th. The basic materials company reported $0.12 earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.20. Andersons had a return on equity of 7.59% and a net margin of 1.01%. The firm had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.85 billion. During the same quarter in the prior year, the company earned $0.16 EPS. The firm’s revenue for the quarter was down 2.3% compared to the same quarter last year. As a group, analysts forecast that The Andersons, Inc. will post 3.11 earnings per share for the current year.

Andersons Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 1st were given a $0.195 dividend. The ex-dividend date was Tuesday, April 1st. This represents a $0.78 annualized dividend and a yield of 2.25%. Andersons’s dividend payout ratio is 23.49%.

Andersons Profile

The Andersons, Inc operates in trade, renewables, and nutrient and industrial sectors in the United States, Canada, Mexico, Egypt, Switzerland, and internationally. It operates through three segments: Trade, Renewables, and Nutrient & Industrial. 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, ethanol, and corn oil.