Bank of New York Mellon Corp Purchases 44,022 Shares of The Andersons, Inc. (NASDAQ:ANDE)

Bank of New York Mellon Corp grew its position in The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 14.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 353,271 shares of the basic materials company's stock after purchasing an additional 44,022 shares during the period. Bank of New York Mellon Corp owned about 1.04% of Andersons worth $14,315,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Principal Financial Group Inc. raised its holdings in Andersons by 2.8% in the fourth quarter. Principal Financial Group Inc. now owns 155,942 shares of the basic materials company's stock worth $6,319,000 after purchasing an additional 4,316 shares during the period. Rhumbline Advisers raised its holdings in Andersons by 2.7% in the fourth quarter. Rhumbline Advisers now owns 100,952 shares of the basic materials company's stock worth $4,091,000 after purchasing an additional 2,617 shares during the period. Empowered Funds LLC raised its holdings in Andersons by 5.8% in the fourth quarter. Empowered Funds LLC now owns 232,213 shares of the basic materials company's stock worth $9,364,000 after purchasing an additional 12,792 shares during the period. KBC Group NV raised its holdings 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. Finally, Exchange Traded Concepts LLC raised its holdings in Andersons by 5.5% in the fourth quarter. Exchange Traded Concepts LLC now owns 20,951 shares of the basic materials company's stock worth $849,000 after purchasing an additional 1,100 shares during the period. 87.06% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

A number of equities research analysts recently commented on ANDE shares. StockNews.com lowered shares of Andersons from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. Stephens restated an "overweight" rating and set a $55.00 price objective on shares of Andersons in a report on Wednesday, February 19th.

Insider Activity at Andersons

In related news, VP Weston Heide sold 800 shares of the firm'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 completion of the transaction, the vice president now owns 16,104 shares of the company's stock, valued at approximately $772,992. This trade represents a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.10% of the stock is owned by insiders.

Andersons Stock Up 2.0 %

Shares of NASDAQ:ANDE traded up $0.82 during midday trading on Friday, reaching $41.91. 230,635 shares of the company were exchanged, compared to its average volume of 206,554. The Andersons, Inc. has a fifty-two week low of $39.25 and a fifty-two week 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. The stock has a fifty day simple moving average of $42.40 and a two-hundred day simple moving average of $45.27. The firm has a market cap of $1.43 billion, a PE ratio of 12.62 and a beta of 0.48.

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 for the quarter, beating analysts' consensus estimates of $1.02 by $0.34. The business had revenue of $3.12 billion during 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, sell-side analysts forecast that The Andersons, Inc. will post 3.11 earnings per share for the current year.

Andersons Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Tuesday, April 1st will be given a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date is Tuesday, April 1st. Andersons's dividend payout ratio (DPR) is currently 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.