Hsbc Holdings PLC Purchases 19,876 Shares of The Andersons, Inc. $ANDE

Key Points

• HSBC Holdings increased its Andersons stake by 66.4% in the second quarter, acquiring 19,876 shares for a total holding of 49,792 shares valued at approximately $3.45 million. Institutional investors collectively own 87.06% of the company.
• Andersons reported quarterly EPS of $2.15, exceeding analyst expectations of $1.48, while revenue of $3.10 billion fell short of estimates and declined 1.2% year over year.
• Analysts maintain an overall “Buy” rating with an average price target of $95, compared with the stock’s reported opening price of $71.88. The company also declared a quarterly dividend of $0.20 per share, yielding about 1.1% annually.

Hsbc Holdings PLC increased its holdings in The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 66.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,792 shares of the basic materials company's stock after acquiring an additional 19,876 shares during the period. Hsbc Holdings PLC owned about 0.15% of Andersons worth $3,452,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Optimize Financial Inc increased its stake in shares of Andersons by 1.4% during the 4th quarter. Optimize Financial Inc now owns 14,657 shares of the basic materials company's stock worth $779,000 after purchasing an additional 208 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in Andersons by 95.2% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 820 shares of the basic materials company's stock valued at $44,000 after purchasing an additional 400 shares during the last quarter. Uniplan Investment Counsel Inc. bought a new position in Andersons during the fourth quarter valued at $25,000. Amundi increased its position in Andersons by 2.0% in the fourth quarter. Amundi now owns 24,085 shares of the basic materials company's stock worth $1,281,000 after buying an additional 474 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Andersons in the second quarter worth $38,000. 87.06% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Andersons

In related news, Director Patrick Bowe sold 3,534 shares of Andersons stock in a transaction dated 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 transaction, the director directly owned 74,875 shares of the company's stock, valued at $6,029,683.75. This trade represents a 4.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 4.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

ANDE has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft set a $110.00 price target on Andersons in a research report on Tuesday, August 4th. Benchmark restated a "buy" rating on shares of Andersons in a research note on Monday, June 15th. Weiss Ratings downgraded shares of Andersons from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday, September 1st. Texas Capital upgraded shares of Andersons to a "strong-buy" rating in a research report on Thursday, June 18th. Finally, The Goldman Sachs Group downgraded shares of Andersons to a "buy" rating in a research note on Thursday, June 18th. One equities 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 company. According to data from MarketBeat, the company has an average rating of "Buy" and an average target price of $95.00.

Andersons Trading Up 0.8%

NASDAQ ANDE opened at $71.88 on Friday. The company has a quick ratio of 0.81, a current ratio of 1.51 and a debt-to-equity ratio of 0.42. The stock's 50-day simple moving average is $70.30 and its two-hundred day simple moving average is $70.75. The Andersons, Inc. has a twelve month low of $37.69 and a twelve month high of $82.11. The company has a market capitalization of $2.45 billion, a price-to-earnings ratio of 13.88 and a beta of 0.63.

Andersons (NASDAQ:ANDE - Get Free Report) last issued its earnings results on Monday, August 3rd. The basic materials company reported $2.15 EPS for the quarter, topping analysts' consensus estimates of $1.48 by $0.67. The company 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 firm's revenue was down 1.2% compared to the same quarter last year. During the same quarter last year, the company earned $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 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 is Thursday, October 1st. Andersons's dividend payout ratio (DPR) is presently 15.44%.

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.

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