Open An annual report of employee stock purchase, savings and similar plans in DOC file. The Andersons, Inc. Declares Cash Dividend for Second Quarter 2023. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. Many institutions measure their performance against an index that approximates the local market. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. EBITDA of 5.6X. For more information, please visit . Recent Insider Transactions Insider Trading Volume Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months. Zaslavs substantial compensation package has been used as a cudgel by Hollywood scribes during the Writers Guild of America strike. If not, it could be the loss of the last, tiny, perfect remnant of civilization that we have left., Vincent Alexander, an animator, wrote on Twitter: TCM is not just the best thing on TV, its so important for the preservation of classic films. This is a high quality and under the radar physical Ag commodity trader that only trades at a pro-forma EV/ Adj. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. Check out our latest analysis for Andersons. Anderson Holdings is committed to investing in our communities and helping them thrive. Open Official notification to shareholders of matters to be brought to a vote ("Proxy") in XLS file. Get in touch with us directly. The Andersons, Inc.'s TTM Adj. My 12 month price target is $45 per share. So if you zoom out, during the last Ag cycle, back in 2013/ 2014, ANDE's stock briefly pierced $60 per share, but spent a fair amount in time trading in the $50s. MAUMEE, Ohio, Oct. 15, 2018 / PRNewswire / -- The Andersons, Inc. (Nasdaq: ANDE) announced today that it has entered into a merger agreement with Lansing Trade Group, LLC, its long-time affiliate, to acquire the 67.5% of Lansing equity that it does not already own for cash and stock currently valued at a total of approximately $305 million . Mom found holding toddler under water, cops say. Open Official notification to shareholders of matters to be brought to a vote ("Proxy") in XBLR file. Every company has them, and we've spotted 3 warning signs for Andersons (of which 1 doesn't sit too well with us!) The ethanol business is always very volatility as crush margins can vary. [22][23], LTG was the 34th largest exporter in the US by container and the 5th largest agricultural exporter according to The Journal of Commerce. The Andersons donated a little more than 67 acres of land in 1995 in an agreement that allowed both Metroparks and family members limited use of the property. In 1995, The Andersons, Inc. donated 67.4 acres of land, subject to an easement agreement that allowed both Metroparks and family members limited use of the property. LTG's headquarters in Overland Park, Kansas was expected to retain its trading operations and risk management function. A Warner Bros. Andersons : Statement of Changes in Beneficial Ownership (Form 4) In 1792, the final imperial coronation was to be staged here. [13] The transaction closed on July 1, 2013. On December 8th, 2015, Lansing Trade Group, LLC sold equity to New Hope Liuhe Investment (USA), Inc., a U.S. subsidiary of Chinese company, New Hope Liuhe Co. Ltd. New Hope paid $127,500,000 in cash for a 20% equity interest in Lansing. Andersons has a market capitalization of US$1.3b, so we would expect some institutional investors to have noticed the stock. I generally like to see some degree of insider ownership, even if only a little. Perhaps, confusion is tied to its elevated short term debt levels, debt that is tethered to its readily sellable inventories. We take calculated risks to build and grow businesses that create value for our stakeholders. Stephen Battaglio writes about television and the media business for the Los Angeles Times out of New York. The Andersons, Inc. is an American agribusiness established in 1947, [3] that began as Andersons Truck Terminal (ATT) in the 1940s for the grain industry, headquartered in Maumee, Ohio. All trademarks and registered trademarks are the property of their respective owners. The Andersons owns five ethanol plants across the Midwest, which are capable of producing a combined 550 million gallons of ethanol and 1.4 million tons . Andersons agrees you shall retain ownership rights to Affiliate's Posts and it hereby grant Andersons the perpetual, worldwide, royalty-free right and license to publish, copy, re-post, link to, or otherwise use Affiliate's Posts, Social Platform handle, name, and image and likeness, as depicted in a Post, in whole or in part, for any . The company had 15 offices in North America and offices in London, Germany, Brazil, China, and Singapore. The Andersons, Inc. - Locations Open Non-EDGAR filing submitted by "insiders" prior to intended sale of restricted stock in XLS file. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This implies the analysts working for those institutions have looked at the stock and they like it. Please click below to see our large range of services, The Andersons Centre, Andersons Northern, Andersons Eastern and Andersons Midlands operate under the brand of Andersons. However, that niche business is currently being marketed and should be sold within the next 12 months. Lansing Trade Group, LLC (abbreviated as LTG) was one of the largest independently owned physical trading companies in North America, dealing in grain and energy products, at one point approaching $10 billion in annual revenue. If you have an ad-blocker enabled you may be blocked from proceeding. (Chris Pizzello / Invision / Associated Press), Do Not Sell or Share My Personal Information, Can this classic movie channel survive in a streaming world? Open Quarterly report which provides a continuing view of a company's financial position in XBLR Viewer. Andersons : Thompsons Limited Changes Name to The Andersons Discovery chief David Zaslav to keep TCM intact amid budget-cutting across the company. Gasoline demand is up dramatically from the pandemic slowdown and it's expected to continue. Its a bottomless pit of inspiration., Fans on social media echoed that sentiment this week. Warren Buffett said that he likes "a business with enduring competitive advantages that is run by able and owner-oriented people." I find it very interesting to look at who exactly owns a company. click here to see if those insiders have been buying or selling. I continue to think this is an area of confusion as so many investors resort to running quant screens, so The Andersons, Inc. appears more leveraged, at face value, than it really is. The company's capacity is 202,099 bushels. As well as working for farmers, our industry knowledge makes us uniquely placed to advise businesses throughout the food and agriculture sector. Open Quarterly report which provides a continuing view of a company's financial position in XLS file. I am not receiving compensation for it (other than from Seeking Alpha). William Krueger, president of trade and processing at The Andersons, is on the Swiss company's board of directors, the . Open Report of unscheduled material events or corporate event in XBLR file. Quite a few analysts cover the stock, so you could look into forecast growth quite easily. The ownership of those parcels is unchanged. Is this happening to you frequently? Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body. Proud. Thompsons Limited Changes Name to The Andersons Open Report of unscheduled material events or corporate event in PDF file. Most would see this as a real positive. However, on some occasions too much power is concentrated within this group. So despite people making fanciful arguments about $7 corn being the new normal, the threat of a poor fall 2021 harvest, and low corn inventories, just to be crystal clear, the second leg up in UAN shares (as no question the stock was compelling at $30), from the low $50s to the low $80s, is mostly due to natural gas prices in Europe, notably forcing supply to be shut in. That said, the company needs access to a large credit facility in order to facilitate its expansive physical trading operations, and this requires billions of dollars of banking capital. Michael shares our passion for classic films and believes strongly in TCMs essential role in preserving and spotlighting iconic movies for the next generation of cinephiles, Kathleen Finch, chairman and chief content officer of Warner Bros. Discoverys networks, wrote in a note to staff. From renewables to industrial and specialty products, to premium . Taking a look at our data on the ownership groups (below), it seems that institutions own shares in the company. Open Statement of changes in beneficial ownership of securities in HTML. The Andersons to Reduce Investment in Lansing Trade Group - PR Newswire Most would say this shows alignment of interests between shareholders and the board. LTG expanded its international presence with the move, including opening offices in Germany, Vancouver, and Singapore, and hiring Vitol's former Global Head of Agriculture. Around 60% of U.S. homes subscribe to a pay-TV service, according to a recent SVB MoffettNathanson study. For the year, the company's revenues slipped nearly 7%, from $4.5 billion in 2014 to $4.2 billion. While it is well worth considering the different groups that own a company, there are other factors that are even more important. Still, it might be worth checking if those insiders have been selling. I would argue and as referenced on the Q2 FY 2021 call (see below), higher prices and attractive arbitrage opportunities are a smart use of the company's balance sheet and how they make money when the profitable trading setups exist. This implies the analysts working for those institutions have looked at the stock and they like it. Police say she wrongly thought she was being kidnapped. I spent five years on the buy side in investment grade bonds on a team that managed $50 billion of assets, 3.5 years as an energy credit analyst for an energy company, and had multiple stints in corporate finance, most recently as a strategic financial analyst. However, again, you have to net out the readily marketable inventory and cash deposits to get to a net cash or net short term debt figure and then add long term debt. Compare We can report that insiders do own shares in The Andersons, Inc.. Open Official notification to shareholders of matters to be brought to a vote ("Proxy") in PDF file. Of course, keep in mind that there are other factors to consider, too. Without the typical summer price reset and continued tight stocks, fall demand looks to be solid. I covered this nuance in my original piece. Wes Anderson's "Asteroid City" - Existential Musings and an All-Star We aim to bring you long-term focused analysis driven by fundamental data. ANDE 40.80 +0.67 +1.67% : THE ANDERSONS, INC. - MSN Money Since institutional investors own more than half the issued stock, the board will likely have to pay attention to their preferences. So it's nice to see some insider ownership, because it may suggest that management is owner-oriented. Note that the company's rail repair business, with 29 strategically located facilities, is not part of this transaction. Nearly three quarters of a century later, a new generation of Anderson family leaders and a highly-talented team continue to build on the work started by our founder. The Andersons name is synonymous with high-quality, impartial, independent advice to the agricultural and horticultural sectors. Most of the South Toledo property that was originally the Anderson family farm will become part of the Metroparks Toledo system sooner than anticipated, the company and the park district announced. The Andersons uses cookies and similar technologies to track usage and collect information that helps improve the quality of the website and overall ease of use. The redemption would reduce The Andersons' ownership interest in LTG from approximately 47 percent to approximately 39 percent on a fully diluted basis. Open Report of unscheduled material events or corporate event in XLS file. We value team members who are focused on learning, enjoy being part of a team and know there is no substitute for hard work. Is candidate Robert F. Kennedy Jr. worthy of a cable news town hall? Perhaps, investors running quant screens don't get the working capital swings associated with elevated agricultural prices, in underlying commodities, given the sheer amount of volume that moves through ANDE's system. LTG ceased to exist on that date and its operations now operate entirely as The . Consider for instance, the ever-present spectre of investment risk. Concerned about the content? Please tell me TCM will be alright, Succession co-star J. Smith Cameron said in a tweet. Anti-Corruption, Anti-Bribery Compliance Policy, Non-EDGAR filing submitted by "insiders" prior to intended sale of restricted stock, An annual report of employee stock purchase, savings and similar plans, Report of unscheduled material events or corporate event, Statement of changes in beneficial ownership of securities, Quarterly report which provides a continuing view of a company's financial position, Official notification to shareholders of matters to be brought to a vote ("Proxy"). We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. Rothschild family - Wikipedia The Andersons Inc., one of the five largest U.S. grain traders, is setting up a trading desk in Switzerland in a bid to expand its global reach. Select the filing type and date range you wish to view from the drop-down menus below. [7] The Andersons has since further reduced its investment in LTG to approximately 32%. Moreover, these results weren't just a flash in the pan and management was sanguine about a strong 2nd half 2021 outlook. Through our deep relationships with growers and streamlined management of complex storage and logistics systems, we are providing food, feed, and fuel to North America and beyond. 10 Farm Centers 1.9M Tons Sold 30+ U.S. EBITDA of $340 million (through June 30, 2021). Moreover, as I expressed multiple times, throughout this piece, if you understand the nuances of how working capital balances can swing, with higher underlying commodities and based on the sheer number of arbitrage situations, you can't lump in short term debt when you calculate an enterprise value. Open Report of unscheduled material events or corporate event in DOC file. This was shortly after Vitol decided to make steps to focus on its core business, which involved shedding it agriculture unit. When such a trade goes wrong, multiple parties may compete to sell stock fast. Join A Paid User Research SessionYoull receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself. Tight old crop corn supplies and plant maintenance shutdowns are expected to slow industry production through the third quarter. Warner Bros. Net after tax proceeds are estimated to be $450 million to $475 million, as there will be some taxable income associated with this transaction given the accelerated depreciation schedules. Open Statement of changes in beneficial ownership of securities in PDF file. The company purchased several sites in Texas and Minnesota and has since become a significant frac sand distributor in North America. The Andersons, Inc. Announces ELEMENT, LLC has been Placed into My regular readers might recall that the last time I wrote about an agricultural commodity stock was back on March 14, 2021, when I called CVR Partners, LP (UAN) My Best Current Commodity Idea. Trading operations require excellent risk management and results fluctuate as they are based on the relatively attractiveness of the Ag cycle. Ownership Breakdown The outstanding balance at June 30 of $757 million is supported by readily marketable inventories of $612 million and $220 million in cash margin deposits. In addition to arbitraging local basis, ANDE's experienced traders can arbitrage the market via time (referred to as the 'spread' or 'carry') depending on the structure of the futures curve and employ various other strategies to hedge and lock in fully arbitraged profits. Similar to CVR Partners, back when I wrote about it, The Andersons, Inc. (NASDAQ:ANDE) is very much under the radar and not widely known despite a market capitalization north of $1 billion. An adjacent 52 acres donated to Metroparks in the late 1990s by Virginia Belt was recently developed into the Brookwood Area on Swan Creek Drive. Entering text into the input field will update the search result below, I wrote about an agricultural commodity stock was back on March 14, 2021, when I called CVR Partners, LP (. ) (Source: The Andersons, Inc. Q2 FY 2021 10-Q). We can see that Andersons does have institutional investors; and they hold a good portion of the company's stock. One automotive dealership in Southern California representing four franchise lines, Three million+ square feet of industrial, retail and office real state in California, Hawaii and the Virgin Islands, Beverage distribution subsidiary in Hawaii and a Hawaiian coffee company, Specialty insurance underwriting and operations as well as automobile financing. LTG began investing, operating and marketing in the frac sand space in 2013. Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. The Andersons, Inc. is a high quality company that own strong assets that enable the company to generate outsized returns trading, storing, and then moving physical agricultural commodities throughout its network. In 2021, through September 30th, the total return of the portfolio is +89%.. It assumed full ownership of the company in January 2019 via its acquisition of Lansing Trade Group. EBITDA of $340 million (through June 30, 2021). Bringing Tabesh back to the fold would not resolve the larger challenges facing TCM and all cable networks that depend on pay-TV subscriptions for their revenue. You can access this free report on analyst forecasts for the company. However, this may prevent access or limit functionality to some portions of companysites. Idea generation, value investing, small caps and under the radar stocks. As part of the deal, Providence Grain purchased the assets of LTG's Canadian trading business unit, Lansing Canada, ULC. The figure was greater than 80% as recently as 2016. It is a diversified company rooted in agriculture that conducts business in the commodity merchandising, renewables, and plant nutrient sectors. So they usually pay more attention to companies that are included in major indices. With every consumer who drops a pay TV package, revenue for TCM goes away. Open Non-EDGAR filing submitted by "insiders" prior to intended sale of restricted stock in DOC file. Thanks, Brian. And I would argue that this is somewhat similar to when a firm like Goldman Sachs, a company that excels at risk management, and that expands its short term debt to capitalize on attracting trading setups. Moreover, most recently, the driver of the move in UAN's stock was its European fertilizer competitors forced to shut in production as natural gas costs exceeded $30 Mcf whereas U.S. natural gas prices are trading in the $5 MMBtu range and supply is readily available. Conversely, insiders often decrease their ownership over time. Looks like another solid quarter that ande delivered, and with corns, soybeans and wheat now having carry in the futures market, it should provide even greater earnings potential. His coverage of the television industry has appeared in TV Guide, the New York Daily News, the New York Times, Fortune, the Hollywood Reporter, Inside.com and Adweek. However, on some occasions too much power is concentrated within this group. Download the presentation News Jun 23, 2023 The Andersons, Inc. Declares Cash Dividend for Third Quarter 2023 May 15, 2023 (Enclosed below, all four charts are from The Andersons, Inc.'s Q2 FY 2021 earnings call). Andersons has a market capitalization of US$868m, so we would expect some institutional investors to have noticed the stock. TCM could live on either as part of Max or as its own direct-to-consumer offering that fans could buy without a pay TV subscription. [18], In June 2017, LTG announced that it would acquire U.S. competitor, Interstate Commodities, Inc. LTG will purchase substantially all of the trading units of Interstate. Discovery, and director Steven Spielberg. Get in touch with us directly. Combined, The Andersons and Belt properties total 144 acres along Swan Creek. The Andersons is a diversified company rooted in agriculture that conducts business across North America and beyond in the commodity merchandising, renewables, and nutrient & industrial sectors. Some minimal board carry has returned to corn and wheat, and we're able to acquire more of the dry winter wheat harvest than we earlier estimated. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. Mayer Amschel Rothschild was born in 1744 in the Judengasse, one of eight children of Amschel Moses Rothschild (d. 1755) and his wife Schnche Rothschild (ne Lechnich, d. 1756). We also observed that the top 10 shareholders account for more than half of the share register, with a few smaller shareholders to balance the interests of the larger ones to a certain extent. As cable and satellite revenue declines, Warner Bros. Lastly, I'm not sure how much attention or if Wall Street is even aware of The Andersons, Inc.'s involvement and strong initial foothold as a key feedstock player in the renewable diesel market. We recognize the importance of individual contributions and believe that when team members feel connected to our mission and purpose, they will lead our businesses with pride, passion and commitment. As Nassim Nicholas Taleb said, 'Dont tell me what you think, tell me what you have in your portfolio. The Andersons also granted. Statement of changes in beneficial ownership of securities: May 8, 2023: . For more information about The Andersons, please visit www.theandersons.com, or visit www.andersonscanada.com for details about the facilities and services available in Ontario. For more information about The Andersons, please visit www.theandersons.com, or visit www.andersonscanada.com for details about the facilities and services available in Ontario. The general public-- including retail investors -- own 11% stake in the company, and hence can't easily be ignored. [16], In March 2016, LTG increased its ownership interest to 38% of Providence Grain Group, a western Canada grain handler. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it. AT&T in 2018 axed TCMs streaming product FilmStruck as one of its first orders of business after it acquired Warner Bros. parent company Time Warner. While export demand has seasonally slowed, we expect high global demand for U.S. crops into 2022. 4 min read The big shareholder groups in The Andersons, Inc. ( NASDAQ:ANDE) have power over the company. MAUMEE, Ohio, May 3, 2022 / PRNewswire / -- The Andersons, Inc. (Nasdaq: ANDE) announces financial results for the first quarter ended March 31, 2022. The general public, who are usually individual investors, hold a 15% stake in Andersons. The Andersons owns a 50.1% stake in the four ethanol plants and 51% stake in the bio-refinery. We continue to produce and sell our new high-protein feed products from both our Colwich, Kansas and our Denison, Iowa plants at good margins. The insiders have a meaningful stake worth US$65m. Case in point: We've spotted 4 warning signs for Andersons you should be aware of, and 2 of them can't be ignored. It joined the German Empire in 1871. Is The Andersons, Inc. (NASDAQ:ANDE) Popular Amongst Insiders? It has a market capitalization of just US$868m, and insiders have US$60m worth of shares, in their own names. 4 min read The big shareholder groups in The Andersons, Inc. ( NASDAQ:ANDE) have power over the company. Even with cord-cutting, the WarnerMedia-owned channel remains a favorite for fans and filmmakers. 1900 Avenue of the Stars, Suite 1050Los Angeles, CA 90067, We are in business to create a lasting, positive impact. Researching institutional ownership is a good way to gauge and filter a stock's expected performance. Recall this commentary from the Q2 FY 2021 conference call: Next, we'll move to Slide six to discuss cash, liquidity and debt. We continue to believe that opportunities in our agricultural portfolio will remain strong. In 1867, the northern half of the Grand Duchy (Upper Hesse) became a part of the North German Confederation, while the half of the Grand Duchy south of the Main (Starkenburg and Rhenish Hesse) remained Independent. This demand continues to support world grain trade and prices higher than historical averages. EBITDA power for each segment, from 2016 - TTM 2021. The company has had a great first half 2021 and here is a snapshot of Q2 FY 2021 EBITDA per segment. I actively invest my own capital and for a few family members. As Nassim Nicholas Taleb said, 'Dont tell me what you think, tell me what you have in your portfolio. The directors could yet see a positive outcome from the Zaslav meeting. Going forward, through Q2 FY 2021, the pro-forma TTM Adj. He has since flown 23 million miles and calls the purchase the 'best investment' of his life. Frankfurt History Facts and Timeline - World Guides is an Ohio-based agriculture company that owns and operates merchandising, renewables, and plant nutrient businesses. This article by Simply Wall St is general in nature. EBITDA is only 5.6X. Open Quarterly report which provides a continuing view of a company's financial position in DOC file. As for fertilizer business, this too is cyclical and can have good and bad periods and therefore EBITDA margins and volumes can vary. To be effective, the notification must be in writing and contain the following information: Physical or electronic signature of a person authorized to act on behalf of the owner of an exclusive right that is allegedly infringed; If we think about valuation and debt, this deal brings its total pro-forma long term debt to Adj. This risk is higher in a company without a history of growth. I would argue that this is too low a valuation, especially in light of the fact that net leverage is now very marginal and manageable. On January 2, 2019, The Andersons announced that it had completed its acquisition of LTG. Lansing Trade Group, LLC (abbreviated as LTG) was one of the largest independently owned physical trading companies in North America, dealing in grain and energy products, at one point approaching $10 billion in annual revenue.On January 2, 2019, The Andersons announced that it had completed its acquisition of LTG. Warner Bros. Stock Split | The Andersons, Inc. That interest was previously owned by New Hope, Macquarie Bank and Employees. Worldwide supplies are projected to be tight beyond this fall's harvest and U.S. growing conditions are mixed. Anderson Holdings Home | Anderson Holdings We would expect most companies to have some institutions on the register, especially if they are growing. LTG initially became a minority investor in Providence Grain in 2014. A large 2021 harvest will reduce but not eliminate the impact of strong worldwide demand.
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