Dynamic Technology Lab Private Ltd bought a new stake in The Andersons, Inc. (NASDAQ:ANDE - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 6,919 shares of the basic materials company's stock, valued at approximately $280,000.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its stake in Andersons by 15.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 751,624 shares of the basic materials company's stock valued at $30,456,000 after acquiring an additional 99,045 shares during the period. Intech Investment Management LLC grew its position in Andersons by 221.3% in the 4th quarter. Intech Investment Management LLC now owns 135,678 shares of the basic materials company's stock valued at $5,498,000 after purchasing an additional 93,453 shares during the period. American Century Companies Inc. increased its stake in Andersons by 7.8% during the 4th quarter. American Century Companies Inc. now owns 1,166,781 shares of the basic materials company's stock valued at $47,278,000 after purchasing an additional 84,133 shares in the last quarter. Wellington Management Group LLP raised its holdings in Andersons by 150.2% during the fourth quarter. Wellington Management Group LLP now owns 139,626 shares of the basic materials company's stock worth $5,658,000 after buying an additional 83,817 shares during the last quarter. Finally, Wedge Capital Management L L P NC acquired a new position in shares of Andersons during the fourth quarter valued at about $2,744,000. 87.06% of the stock is owned by institutional investors.
Andersons Stock Up 1.3 %
ANDE stock traded up $0.48 during trading on Wednesday, reaching $37.85. The stock had a trading volume of 28,351 shares, compared to its average volume of 243,998. The Andersons, Inc. has a one year low of $35.88 and a one year high of $61.46. The company's 50 day moving average is $41.69 and its two-hundred day moving average is $43.96. The company has a quick ratio of 0.90, a current ratio of 1.65 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of 11.41 and a beta of 0.55.
Andersons (NASDAQ:ANDE - Get Free Report) last released its earnings results on Tuesday, February 18th. The basic materials company reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.34. Andersons had a return on equity of 7.59% and a net margin of 1.01%. The company had revenue of $3.12 billion during the quarter, compared to analyst estimates of $2.72 billion. Equities research analysts forecast that The Andersons, Inc. will post 3.11 EPS for the current year.
Andersons Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 1st will be paid a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend is Tuesday, April 1st. Andersons's payout ratio is 23.49%.
Insider Buying and Selling
In other Andersons news, VP Weston Heide sold 800 shares of Andersons stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $48.00, for a total value of $38,400.00. Following the sale, the vice president now owns 16,104 shares of the company's stock, valued at approximately $772,992. The trade was a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 4.30% of the stock is owned by insiders.
Analysts Set New Price Targets
A number of research firms have issued reports on ANDE. StockNews.com downgraded Andersons from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Stephens reiterated an "overweight" rating and set a $55.00 price target on shares of Andersons in a report on Wednesday, February 19th.
View Our Latest Stock Report on Andersons
About Andersons
(
Free Report)
The Andersons, Inc operates in trade, renewables, and nutrient and industrial sectors in the United States, Canada, Mexico, Egypt, Switzerland, and internationally. It operates through three segments: Trade, Renewables, and Nutrient & Industrial. The company's Trade segment operates grain elevators; stores commodities; and provides grain marketing, risk management, and origination services, as well as sells commodities, such as corn, soybeans, wheat, oats, ethanol, and corn oil.
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