Compass Financial Management LLC Invests $1.59 Million in The Andersons, Inc. $ANDE

Key Points

• Compass Financial Management acquired 23,180 shares of The Andersons, valued at approximately $1.59 million, giving it a 0.07% stake. Institutional investors and hedge funds collectively own 87.06% of the company.
• Andersons reported quarterly EPS of $2.15, exceeding analyst expectations of $1.48, although revenue fell 1.2% year over year to $3.10 billion. The company declared a quarterly dividend of $0.20 per share, representing a 1.2% yield.
• Analysts maintain a generally positive outlook, with the stock receiving a consensus “Buy” rating and an average price target of $95, versus a recent share price of $69.31.

Compass Financial Management LLC acquired a new stake in shares of The Andersons, Inc. (NASDAQ:ANDE - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 23,180 shares of the basic materials company's stock, valued at approximately $1,587,000. Compass Financial Management LLC owned 0.07% of Andersons at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Uniplan Investment Counsel Inc. bought a new position in Andersons in the fourth quarter worth $25,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Andersons in the 2nd quarter valued at $38,000. Larson Financial Group LLC raised its stake in shares of Andersons by 33,600.0% in the 3rd quarter. Larson Financial Group LLC now owns 1,011 shares of the basic materials company's stock valued at $40,000 after buying an additional 1,008 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its stake in shares of Andersons by 95.2% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 820 shares of the basic materials company's stock valued at $44,000 after buying an additional 400 shares in the last quarter. Finally, State of Wyoming bought a new position in shares of Andersons during the 4th quarter worth about $70,000. 87.06% of the stock is currently owned by institutional investors and hedge funds.

Andersons Stock Down 0.3%

Shares of NASDAQ:ANDE opened at $69.31 on Friday. The company's fifty day moving average is $70.05 and its 200-day moving average is $70.59. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.81 and a current ratio of 1.51. The Andersons, Inc. has a 52 week low of $37.69 and a 52 week high of $82.11. The company has a market capitalization of $2.36 billion, a PE ratio of 13.38 and a beta of 0.63.

Andersons (NASDAQ:ANDE - Get Free Report) last announced its earnings results on Monday, August 3rd. The basic materials company reported $2.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.48 by $0.67. The business had revenue of $3.10 billion during the quarter, compared to analysts' expectations of $3.28 billion. Andersons had a net margin of 1.62% and a return on equity of 16.23%. The firm's revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter last year, the company posted $0.24 EPS.

Andersons Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 22nd. Stockholders of record on Thursday, October 1st will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $0.80 annualized dividend and a dividend yield of 1.2%. Andersons's dividend payout ratio (DPR) is presently 15.44%.

Insider Activity

In other news, Director Patrick Bowe sold 3,534 shares of the business's stock in a transaction that occurred on Wednesday, July 22nd. The stock was sold at an average price of $80.53, for a total value of $284,593.02. Following the transaction, the director directly owned 74,875 shares of the company's stock, valued at $6,029,683.75. The trade was a 4.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 4.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ANDE. UBS Group set a $90.00 target price on shares of Andersons in a research note on Wednesday, May 20th. BMO Capital Markets raised their price target on shares of Andersons from $75.00 to $90.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft set a $110.00 price objective on Andersons in a report on Tuesday, August 4th. The Goldman Sachs Group lowered Andersons to a "buy" rating in a research note on Thursday, June 18th. Finally, Wall Street Zen raised Andersons from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $95.00.

Andersons Company Profile

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.

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