American Century Companies Inc. Purchases 84,133 Shares of The Andersons, Inc. (NASDAQ:ANDE)

American Century Companies Inc. grew its position in The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 7.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,166,781 shares of the basic materials company's stock after acquiring an additional 84,133 shares during the quarter. American Century Companies Inc. owned about 3.42% of Andersons worth $47,278,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ANDE. Peoples Bank KS raised its position in Andersons by 250.0% in the 4th quarter. Peoples Bank KS now owns 700 shares of the basic materials company's stock worth $28,000 after purchasing an additional 500 shares during the period. KBC Group NV grew its stake in shares of Andersons by 70.3% during the fourth quarter. KBC Group NV now owns 1,558 shares of the basic materials company's stock valued at $63,000 after buying an additional 643 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Andersons by 16.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,866 shares of the basic materials company's stock worth $116,000 after buying an additional 412 shares during the period. Systematic Financial Management LP bought a new stake in shares of Andersons during the 3rd quarter worth approximately $227,000. Finally, EP Wealth Advisors LLC purchased a new position in Andersons during the 3rd quarter valued at $253,000. Institutional investors own 87.06% of the company's stock.

Insider Activity

In related news, VP Weston Heide sold 800 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the vice president now owns 16,104 shares of the company's stock, valued at $772,992. The trade was a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 4.30% of the company's stock.

Wall Street Analysts Forecast Growth

ANDE has been the subject of several research analyst reports. StockNews.com downgraded Andersons from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Stephens reiterated an "overweight" rating and set a $55.00 price objective on shares of Andersons in a report on Wednesday, February 19th.

Andersons Trading Up 1.0 %

NASDAQ:ANDE traded up $0.44 during midday trading on Tuesday, hitting $43.37. The stock had a trading volume of 261,045 shares, compared to its average volume of 236,959. The stock has a 50-day moving average of $42.44 and a 200 day moving average of $44.81. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of 13.06 and a beta of 0.48. The Andersons, Inc. has a one year low of $39.25 and a one year high of $61.46. The company has a quick ratio of 0.90, a current ratio of 1.65 and a debt-to-equity ratio of 0.38.

Andersons (NASDAQ:ANDE - Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The basic materials company reported $1.36 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 firm had revenue of $3.12 billion for the quarter, compared to analyst estimates of $2.72 billion. As a group, sell-side analysts forecast that The Andersons, Inc. will post 3.11 EPS for the current year.

Andersons Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 1st will be given a $0.195 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $0.78 annualized dividend and a dividend yield of 1.80%. Andersons's payout ratio is presently 23.49%.

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.