Andersons Inc (ANDE) Position Boosted by BNP Paribas Arbitrage SA

BNP Paribas Arbitrage SA lifted its holdings in Andersons Inc (NASDAQ:ANDE) by 128.2% in the 1st quarter, HoldingsChannel reports. The firm owned 6,862 shares of the basic materials company’s stock after purchasing an additional 3,855 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Andersons were worth $221,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. Investors Research Corp boosted its holdings in Andersons by 1.0% in the 4th quarter. Investors Research Corp now owns 29,875 shares of the basic materials company’s stock worth $893,000 after buying an additional 300 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in Andersons by 1.5% in the 4th quarter. Advisors Asset Management Inc. now owns 20,534 shares of the basic materials company’s stock worth $614,000 after buying an additional 308 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in Andersons by 2.2% in the 4th quarter. Thrivent Financial for Lutherans now owns 18,950 shares of the basic materials company’s stock worth $566,000 after buying an additional 416 shares during the last quarter. Texas Permanent School Fund boosted its holdings in Andersons by 4.0% in the 4th quarter. Texas Permanent School Fund now owns 17,223 shares of the basic materials company’s stock worth $515,000 after buying an additional 663 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Andersons by 0.5% in the 4th quarter. Principal Financial Group Inc. now owns 213,696 shares of the basic materials company’s stock worth $6,387,000 after buying an additional 1,165 shares during the last quarter. Hedge funds and other institutional investors own 69.03% of the company’s stock.

Several equities research analysts recently issued reports on the company. TheStreet upgraded Andersons from a “c” rating to a “b” rating in a report on Thursday, February 14th. BidaskClub cut Andersons from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $41.33.

In other news, insider Corbett J. Jorgenson sold 750 shares of the business’s stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $37.34, for a total transaction of $28,005.00. Following the transaction, the insider now directly owns 14,796 shares in the company, valued at approximately $552,482.64. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Valerie M. Blanchett sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $35.24, for a total value of $52,860.00. Following the transaction, the vice president now owns 11,976 shares in the company, valued at $422,034.24. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,611 shares of company stock worth $238,853. Insiders own 5.00% of the company’s stock.

ANDE stock opened at $27.61 on Friday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.59 and a current ratio of 1.30. Andersons Inc has a 12-month low of $27.05 and a 12-month high of $41.70. The stock has a market capitalization of $894.08 million, a P/E ratio of 20.19 and a beta of 1.22.

Andersons (NASDAQ:ANDE) last posted its quarterly earnings data on Monday, May 6th. The basic materials company reported ($0.16) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.33). The firm had revenue of $2.08 billion during the quarter, compared to analyst estimates of $1.78 billion. Andersons had a return on equity of 4.34% and a net margin of 0.65%. The company’s quarterly revenue was up 227.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.06) earnings per share.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 22nd. Stockholders of record on Monday, July 1st will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.46%. The ex-dividend date of this dividend is Friday, June 28th.

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Andersons Profile

The Andersons, Inc, an agriculture company, operates in the grain, ethanol, plant nutrient, and rail sectors in the United States and internationally. The company's Grain segment operates grain elevators; stores grains; and provides grain marketing, risk management, and corn origination services to its customers and affiliated ethanol facilities.

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Institutional Ownership by Quarter for Andersons (NASDAQ:ANDE)

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