The Andersons, Inc. (NASDAQ:ANDE) Shares Bought by State of Tennessee Treasury Department

State of Tennessee Treasury Department boosted its stake in shares of The Andersons, Inc. (NASDAQ:ANDEGet Rating) by 17.9% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 11,720 shares of the basic materials company’s stock after acquiring an additional 1,776 shares during the period. State of Tennessee Treasury Department’s holdings in Andersons were worth $589,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC acquired a new stake in shares of Andersons in the first quarter valued at about $44,000. Asset Dedication LLC acquired a new stake in shares of Andersons in the first quarter valued at about $96,000. Van ECK Associates Corp raised its position in shares of Andersons by 46.3% in the first quarter. Van ECK Associates Corp now owns 3,968 shares of the basic materials company’s stock valued at $199,000 after buying an additional 1,255 shares during the last quarter. MQS Management LLC acquired a new stake in shares of Andersons in the first quarter valued at about $208,000. Finally, Profund Advisors LLC acquired a new stake in Andersons during the first quarter worth about $214,000. 83.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Michael J. Anderson sold 2,374 shares of the stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $38.86, for a total transaction of $92,253.64. Following the completion of the sale, the director now owns 399,974 shares of the company’s stock, valued at approximately $15,542,989.64. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Michael J. Anderson sold 2,374 shares of the stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $38.86, for a total transaction of $92,253.64. Following the completion of the transaction, the director now directly owns 399,974 shares in the company, valued at approximately $15,542,989.64. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Michael J. Anderson sold 3,210 shares of the company’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 value of $130,293.90. Following the sale, the director now directly owns 326,644 shares in the company, valued at $13,258,479.96. The disclosure for this sale can be found here. Insiders sold a total of 61,911 shares of company stock valued at $2,176,972 in the last 90 days. 6.10% of the stock is currently owned by insiders.

Andersons Stock Performance

Shares of Andersons stock opened at $36.35 on Friday. The firm’s fifty day simple moving average is $35.28 and its 200-day simple moving average is $41.04. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 9.57 and a beta of 0.69. The Andersons, Inc. has a 12 month low of $28.13 and a 12 month high of $59.00. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.39 and a quick ratio of 0.76.

Andersons (NASDAQ:ANDEGet Rating) last issued its 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%. During the same quarter last year, the company posted $1.31 EPS. As a group, equities analysts forecast that The Andersons, Inc. will post 3.09 earnings per share for the current year.

Andersons Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 21st. Investors of record on Monday, October 3rd will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.98%. The ex-dividend date of this dividend is Friday, September 30th. Andersons’s payout ratio is 18.95%.

Wall Street Analyst Weigh In

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

Andersons Company 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

Institutional Ownership by Quarter for Andersons (NASDAQ:ANDE)

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