ExodusPoint Capital Management LP Makes New $337,000 Investment in The Andersons, Inc. (NASDAQ:ANDE)

ExodusPoint Capital Management LP acquired a new stake in shares of The Andersons, Inc. (NASDAQ:ANDE - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 8,328 shares of the basic materials company's stock, valued at approximately $337,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Arete Wealth Advisors LLC boosted its position in shares of Andersons by 9.4% during the 4th quarter. Arete Wealth Advisors LLC now owns 6,710 shares of the basic materials company's stock valued at $272,000 after acquiring an additional 579 shares during the last quarter. Trexquant Investment LP acquired a new stake in shares of Andersons during the fourth quarter valued at about $1,175,000. Wellington Management Group LLP lifted its stake 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 purchasing an additional 83,817 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Andersons by 10.6% in the 4th quarter. JPMorgan Chase & Co. now owns 397,691 shares of the basic materials company's stock valued at $16,114,000 after buying an additional 38,020 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp grew its position in Andersons by 86.6% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 57,938 shares of the basic materials company's stock valued at $2,348,000 after acquiring an additional 26,896 shares in the last quarter. Institutional investors and hedge funds own 87.06% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on ANDE. Stephens reissued an "overweight" rating and issued a $55.00 price target on shares of Andersons in a research report on Wednesday, February 19th. StockNews.com cut Andersons from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th.

Andersons Price Performance

Shares of ANDE stock traded up $0.59 during trading hours on Friday, hitting $38.12. The company's stock had a trading volume of 201,931 shares, compared to its average volume of 245,612. The business has a fifty day moving average of $41.58 and a 200-day moving average of $43.83. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 11.48 and a beta of 0.55. The company has a current ratio of 1.65, a quick ratio of 0.90 and a debt-to-equity ratio of 0.38. The Andersons, Inc. has a twelve month low of $35.88 and a twelve month high of $61.46.

Andersons (NASDAQ:ANDE - Get Free Report) last issued its earnings results on Tuesday, February 18th. The basic materials company reported $1.36 EPS for the quarter, beating analysts' consensus estimates of $1.02 by $0.34. The company had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $2.72 billion. Andersons had a return on equity of 7.59% and a net margin of 1.01%. As a group, equities research analysts anticipate that The Andersons, Inc. will post 3.11 EPS for the current year.

Andersons Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 1st will be issued a dividend of $0.195 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $0.78 annualized dividend and a yield of 2.05%. Andersons's dividend payout ratio (DPR) is currently 23.49%.

Insider Transactions at Andersons

In other news, VP Weston Heide sold 800 shares of the business's stock in a transaction on 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 in the company, valued at approximately $772,992. The trade was a 4.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 4.30% of the stock is currently owned by corporate insiders.

Andersons Company Profile

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.