AlphaQuest LLC Has $156,000 Stock Position in The Andersons, Inc. (NASDAQ:ANDE)

AlphaQuest LLC cut its position in The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 76.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,838 shares of the basic materials company's stock after selling 12,282 shares during the quarter. AlphaQuest LLC's holdings in Andersons were worth $156,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ANDE. Peoples Bank KS raised its position in shares of Andersons by 250.0% in the fourth quarter. Peoples Bank KS now owns 700 shares of the basic materials company's stock valued at $28,000 after buying an additional 500 shares in the last quarter. KBC Group NV grew its position in Andersons by 70.3% during the fourth quarter. KBC Group NV now owns 1,558 shares of the basic materials company's stock worth $63,000 after buying an additional 643 shares in the last quarter. Truvestments Capital LLC bought a new position in Andersons during the 3rd quarter worth $98,000. Systematic Financial Management LP acquired a new position in Andersons in the 3rd quarter valued at $227,000. Finally, EP Wealth Advisors LLC bought a new stake in shares of Andersons during the 3rd quarter valued at $253,000. 87.06% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on ANDE shares. Stephens reaffirmed an "overweight" rating and issued a $55.00 price target on shares of Andersons in a research note on Wednesday, February 19th. StockNews.com downgraded shares of Andersons from a "buy" rating to a "hold" rating in a report on Thursday, February 20th.

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Andersons Price Performance

Shares of Andersons stock traded down $1.19 during trading on Friday, reaching $42.32. 3,428,847 shares of the company's stock were exchanged, compared to its average volume of 222,788. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.90 and a current ratio of 1.65. The Andersons, Inc. has a 1-year low of $39.25 and a 1-year high of $61.46. The company has a market cap of $1.45 billion, a P/E ratio of 12.75 and a beta of 0.48. The firm's 50-day moving average price is $42.55 and its 200 day moving average price is $45.12.

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

Andersons Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 1st will be issued a dividend of $0.195 per share. The ex-dividend date is Tuesday, April 1st. This represents a $0.78 annualized dividend and a dividend yield of 1.84%. Andersons's dividend payout ratio (DPR) is presently 23.49%.

Insider Activity

In related news, VP Weston Heide sold 800 shares of the business's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $48.00, for a total transaction of $38,400.00. Following the sale, the vice president now owns 16,104 shares in the company, valued at $772,992. The trade was a 4.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 5.10% of the stock is owned by corporate insiders.

About Andersons

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.