Charles Schwab Investment Management Inc. Boosts Stock Holdings in The Andersons, Inc. (NASDAQ:ANDE)

Charles Schwab Investment Management Inc. increased its holdings in shares of The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 15.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 751,624 shares of the basic materials company's stock after purchasing an additional 99,045 shares during the period. Charles Schwab Investment Management Inc. owned approximately 2.21% of Andersons worth $30,456,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in ANDE. State Street Corp lifted its position in Andersons by 2.2% in the 3rd quarter. State Street Corp now owns 1,337,344 shares of the basic materials company's stock valued at $67,054,000 after acquiring an additional 28,773 shares in the last quarter. Nordea Investment Management AB raised its holdings in shares of Andersons by 86.5% in the 4th quarter. Nordea Investment Management AB now owns 101,099 shares of the basic materials company's stock worth $4,110,000 after purchasing an additional 46,903 shares during the period. Proficio Capital Partners LLC purchased a new position in Andersons in the fourth quarter valued at approximately $728,000. Peoples Bank KS grew its holdings in 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 purchasing an additional 500 shares during the period. Finally, Intech Investment Management LLC raised its stake in shares of Andersons by 375.0% in the third quarter. Intech Investment Management LLC now owns 42,225 shares of the basic materials company's stock valued at $2,117,000 after buying an additional 33,336 shares during the period. 87.06% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Analyst Ratings Changes

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

Andersons Price Performance

NASDAQ ANDE traded down $0.43 during trading hours on Thursday, hitting $43.35. The company had a trading volume of 191,807 shares, compared to its average volume of 209,239. 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 firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of 13.11 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. The firm has a 50 day simple moving average of $42.53 and a 200 day simple moving average of $45.13.

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

Andersons Announces Dividend

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 dividend of $0.195 per share. This represents a $0.78 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend is Tuesday, April 1st. Andersons's payout ratio is 23.49%.

Insiders Place Their Bets

In related news, VP Weston Heide sold 800 shares of the company'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 directly owns 16,104 shares in the company, 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 Securities & Exchange Commission, which is accessible through the SEC website. Corporate 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.