The Andersons, Inc. $ANDE Shares Purchased by Sei Investments Co.

Sei Investments Co. boosted its position in The Andersons, Inc. (NASDAQ:ANDE) by 71.9% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 70,203 shares of the basic materials company’s stock after acquiring an additional 29,355 shares during the period. Sei Investments Co.’s holdings in Andersons were worth $5,039,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of Andersons in the fourth quarter valued at $5,273,000. Tudor Investment Corp ET AL lifted its position in Andersons by 149.9% during the third quarter. Tudor Investment Corp ET AL now owns 153,572 shares of the basic materials company’s stock worth $6,114,000 after buying an additional 92,110 shares during the period. Teacher Retirement System of Texas boosted its stake in Andersons by 25.6% in the 4th quarter. Teacher Retirement System of Texas now owns 165,999 shares of the basic materials company’s stock worth $8,826,000 after buying an additional 33,873 shares during the last quarter. UBS Group AG grew its holdings in Andersons by 34.9% in the 4th quarter. UBS Group AG now owns 72,808 shares of the basic materials company’s stock valued at $3,871,000 after buying an additional 18,828 shares during the period. Finally, OP Asset Management Ltd acquired a new position in shares of Andersons during the 1st quarter valued at about $12,228,000. 87.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. UBS Group set a $90.00 price objective on shares of Andersons in a report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft set a $110.00 price target on shares of Andersons in a research report on Tuesday. Benchmark reaffirmed a “buy” rating on shares of Andersons in a research note on Monday, June 15th. Weiss Ratings upgraded shares of Andersons from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. Finally, Texas Capital raised shares of Andersons to a “strong-buy” rating in a research note on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $91.25.

Insider Buying and Selling at Andersons

In related 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 completion of the sale, the director directly owned 74,875 shares of the company’s stock, valued at approximately $6,029,683.75. This represents a 4.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 4.30% of the company’s stock.

Andersons Stock Up 6.6%

ANDE opened at $74.48 on Wednesday. The Andersons, Inc. has a 1 year low of $31.84 and a 1 year high of $82.11. The firm has a 50 day moving average price of $72.21 and a 200 day moving average price of $70.04. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.62 and a current ratio of 1.37. The company has a market cap of $2.54 billion, a PE ratio of 19.81 and a beta of 0.66.

Andersons (NASDAQ:ANDE) last announced its quarterly earnings results on Monday, August 3rd. The basic materials company reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.48 by $0.67. Andersons had a net margin of 1.62% and a return on equity of 16.50%. The firm had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.28 billion. During the same period in the previous year, the company posted $0.24 earnings per share. Andersons’s revenue was down 1.2% compared to the same quarter last year.

Andersons Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 1st were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Wednesday, July 1st. Andersons’s dividend payout ratio (DPR) is currently 21.28%.

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.