Compass Financial Management LLC Takes Position in The Andersons, Inc. $ANDE

Key Points

• Compass Financial Management LLC acquired 23,180 shares of The Andersons during the second quarter, valued at approximately $1.59 million. 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, yielding approximately 1.2%.
• Analysts remain bullish, with the stock receiving an average “Buy” rating and an average price target of $95, compared with a recent share price of $68.06.

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

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ANDE. BlackRock Inc. bought a new stake in Andersons during the second quarter worth approximately $427,688,000. Rubric Capital Management LP acquired a new position in Andersons during the fourth quarter valued at approximately $53,469,000. Ophir Asset Management Pty Ltd bought a new position in shares of Andersons in the fourth quarter valued at approximately $38,746,000. Victory Capital Management Inc. raised its position in shares of Andersons by 354.7% in the fourth quarter. Victory Capital Management Inc. now owns 731,019 shares of the basic materials company's stock valued at $38,868,000 after purchasing an additional 570,245 shares during the period. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Andersons in the second quarter worth $20,628,000. 87.06% of the stock is currently owned by institutional investors and hedge funds.

Andersons Trading Up 1.1%

Shares of ANDE stock opened at $68.06 on Friday. The Andersons, Inc. has a 1 year low of $37.69 and a 1 year high of $82.11. The firm's fifty day simple moving average is $70.80 and its 200 day simple moving average is $70.59. The firm has a market capitalization of $2.32 billion, a P/E ratio of 13.14 and a beta of 0.66. The company has a current ratio of 1.51, a quick ratio of 0.81 and a debt-to-equity ratio of 0.42.

Andersons (NASDAQ:ANDE - Get Free Report) last issued 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 16.23%. The firm had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.28 billion. During the same period in the prior year, the firm earned $0.24 EPS. The business's revenue was down 1.2% on a year-over-year basis.

Andersons Announces Dividend

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

Analyst Ratings Changes

Several brokerages recently commented on ANDE. BMO Capital Markets lifted their target price on shares of Andersons from $75.00 to $90.00 and gave the stock an "outperform" rating in a report on Wednesday, August 5th. UBS Group set a $90.00 price target on shares of Andersons in a report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft set a $110.00 price target on Andersons in a research report on Tuesday, August 4th. Weiss Ratings upgraded Andersons from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Tuesday. Finally, Texas Capital raised Andersons to a "strong-buy" rating in a research report on Thursday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $95.00.

Insider Buying and Selling at Andersons

In related news, Director Patrick E. Bowe sold 3,534 shares of the stock in a transaction dated Wednesday, July 22nd. The shares were sold at an average price of $80.53, for a total value of $284,593.02. Following the completion of the sale, the director owned 74,875 shares in the company, valued at approximately $6,029,683.75. This trade represents a 4.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 4.30% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source