Deutsche Bank AG Takes $2.38 Million Position in The Andersons, Inc. $ANDE

Key Points

• Deutsche Bank acquired 34,779 shares of The Andersons in the second quarter, worth approximately $2.38 million and representing a 0.10% stake. Institutional investors collectively own 87.06% of the company.
• Analysts maintain a bullish outlook, with a consensus “Buy” rating and a $95 price target; Deutsche Bank set a $110 target, while BMO raised its target to $90.
• Andersons reported quarterly EPS of $2.15, surpassing estimates of $1.48, though revenue declined 1.2% year over year to $3.10 billion. The company also announced a quarterly dividend of $0.20 per share, yielding about 1.3% annually.

Deutsche Bank AG acquired a new position in shares of The Andersons, Inc. (NASDAQ:ANDE - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 34,779 shares of the basic materials company's stock, valued at approximately $2,379,000. Deutsche Bank AG owned 0.10% of Andersons as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its holdings in Andersons by 0.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,349,243 shares of the basic materials company's stock worth $124,910,000 after purchasing an additional 17,278 shares during the last quarter. Rubric Capital Management LP acquired a new stake in shares of Andersons during the 4th quarter worth approximately $53,469,000. Janus Henderson Group PLC raised its stake in shares of Andersons by 35.1% during the first quarter. Janus Henderson Group PLC now owns 860,942 shares of the basic materials company's stock worth $61,768,000 after buying an additional 223,600 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Andersons by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 822,812 shares of the basic materials company's stock worth $43,757,000 after buying an additional 3,259 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in 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 buying an additional 570,245 shares during the period. Institutional investors and hedge funds own 87.06% of the company's stock.

Insider Transactions at Andersons

In related news, Director Patrick E. Bowe sold 3,534 shares of Andersons stock in a transaction dated Wednesday, July 22nd. The stock was sold at an average price of $80.53, for a total transaction of $284,593.02. Following the completion of the transaction, 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 document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 4.30% of the company's stock.

Analysts Set New Price Targets

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

Andersons Stock Down 2.3%

Andersons stock opened at $63.73 on Friday. The company has a market cap of $2.17 billion, a P/E ratio of 12.30 and a beta of 0.66. The Andersons, Inc. has a 1-year low of $37.69 and a 1-year high of $82.11. The company has a fifty day simple moving average of $70.43 and a 200 day simple moving average of $70.63. 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 EPS for the quarter, topping the consensus estimate of $1.48 by $0.67. The firm had revenue of $3.10 billion for 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 company's revenue for the quarter was down 1.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.24 EPS.

Andersons Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 22nd. Stockholders of record on Thursday, October 1st will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, October 1st. Andersons's dividend payout ratio is presently 15.44%.

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.

Want to see what other hedge funds are holding ANDE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Andersons, Inc. (NASDAQ:ANDE - Free Report).

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