Amundi Increases Position in The Andersons, Inc. (NASDAQ:ANDE)

Amundi raised its position in The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 38.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,060 shares of the basic materials company's stock after purchasing an additional 10,643 shares during the quarter. Amundi owned 0.11% of Andersons worth $1,605,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Peoples Bank KS grew its stake in shares of Andersons by 250.0% during 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 during the last quarter. KBC Group NV increased its stake in Andersons by 70.3% in the fourth quarter. KBC Group NV now owns 1,558 shares of the basic materials company's stock worth $63,000 after purchasing an additional 643 shares during the period. Truvestments Capital LLC purchased a new stake in shares of Andersons during the third quarter valued at $98,000. Systematic Financial Management LP bought a new position in shares of Andersons in the third quarter worth about $227,000. Finally, EP Wealth Advisors LLC purchased a new position in Andersons in the 3rd quarter worth about $253,000. Institutional investors own 87.06% of the company's stock.

Andersons Stock Performance

ANDE stock traded down $1.19 during midday trading on Friday, reaching $42.32. The stock had a trading volume of 3,428,847 shares, compared to its average volume of 222,788. The firm has a fifty day simple moving average of $42.55 and a two-hundred day simple moving average of $45.12. 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 stock has a market cap of $1.45 billion, a PE ratio of 12.75 and a beta of 0.48. The Andersons, Inc. has a 52-week low of $39.25 and a 52-week high of $61.46.

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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 firm had revenue of $3.12 billion for the quarter, compared to analyst estimates 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 1st will be paid a dividend of $0.195 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $0.78 dividend on an annualized basis and a dividend yield of 1.84%. Andersons's payout ratio is currently 23.49%.

Insider Activity

In other Andersons news, VP Weston Heide sold 800 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The stock was 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 directly 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 can be accessed through this link. Insiders own 5.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on ANDE shares. Stephens restated an "overweight" rating and issued a $55.00 target price on shares of Andersons in a research note 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 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.