The Andersons, Inc. (NASDAQ:ANDE) Shares Bought by Barclays PLC

Barclays PLC increased its position in shares of The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 347.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 54,358 shares of the basic materials company's stock after purchasing an additional 42,217 shares during the quarter. Barclays PLC owned 0.16% of Andersons worth $2,725,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Louisiana State Employees Retirement System lifted its stake in Andersons by 2.6% during the 2nd quarter. Louisiana State Employees Retirement System now owns 16,000 shares of the basic materials company's stock valued at $794,000 after acquiring an additional 400 shares during the period. Bank of New York Mellon Corp boosted its holdings in Andersons by 1.8% in the second quarter. Bank of New York Mellon Corp now owns 336,714 shares of the basic materials company's stock valued at $16,701,000 after purchasing an additional 5,983 shares during the last quarter. Panagora Asset Management Inc. grew its position in Andersons by 5.2% during the 2nd quarter. Panagora Asset Management Inc. now owns 207,913 shares of the basic materials company's stock worth $10,312,000 after purchasing an additional 10,222 shares during the period. Innealta Capital LLC purchased a new position in shares of Andersons during the 2nd quarter valued at about $57,000. Finally, Hantz Financial Services Inc. acquired a new position in shares of Andersons in the 2nd quarter valued at about $634,000. Hedge funds and other institutional investors own 87.06% of the company's stock.

Analyst Ratings Changes

ANDE has been the subject of several recent research reports. Stephens upgraded Andersons to a "strong-buy" rating in a research report on Monday, December 2nd. StockNews.com raised shares of Andersons from a "hold" rating to a "buy" rating in a research note on Wednesday, November 13th.

Andersons Price Performance

Shares of ANDE stock traded up $0.29 during mid-day trading on Wednesday, hitting $40.42. 108,511 shares of the stock were exchanged, compared to its average volume of 199,374. The Andersons, Inc. has a 52-week low of $39.25 and a 52-week high of $61.46. The company has a quick ratio of 1.23, a current ratio of 1.98 and a debt-to-equity ratio of 0.36. The company has a market cap of $1.38 billion, a PE ratio of 11.55 and a beta of 0.57. The firm has a fifty day moving average of $46.13 and a 200 day moving average of $48.29.

Andersons (NASDAQ:ANDE - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The basic materials company reported $0.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.43 by $0.37. The company had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.90 billion. Andersons had a return on equity of 8.21% and a net margin of 1.06%. Andersons's revenue for the quarter was down 27.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.13 earnings per share. Research analysts anticipate that The Andersons, Inc. will post 2.9 earnings per share for the current year.

Andersons Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Thursday, January 2nd will be given a dividend of $0.195 per share. The ex-dividend date is Thursday, January 2nd. This is a boost from Andersons's previous quarterly dividend of $0.19. This represents a $0.78 dividend on an annualized basis and a yield of 1.93%. Andersons's dividend payout ratio is currently 22.29%.

Insider Buying and Selling at Andersons

In related news, insider Joseph E. Mcneely sold 2,382 shares of the business's stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $47.73, for a total transaction of $113,692.86. Following the completion of the sale, the insider now directly owns 49,601 shares in the company, valued at approximately $2,367,455.73. The trade was a 4.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 5.10% of the company's stock.

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.