Global Retirement Partners LLC decreased its position in The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 97.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 675 shares of the basic materials company's stock after selling 23,840 shares during the period. Global Retirement Partners LLC's holdings in Andersons were worth $27,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of ANDE. State Street Corp increased its holdings 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 worth $67,054,000 after acquiring an additional 28,773 shares in the last quarter. Nordea Investment Management AB increased its stake in shares of Andersons by 86.5% during the fourth 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 in the last quarter. Peoples Bank KS increased 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 worth $28,000 after purchasing an additional 500 shares in the last quarter. Intech Investment Management LLC raised its position in shares of Andersons by 375.0% during the 3rd quarter. Intech Investment Management LLC now owns 42,225 shares of the basic materials company's stock worth $2,117,000 after purchasing an additional 33,336 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Andersons by 23.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 652,579 shares of the basic materials company's stock valued at $32,720,000 after buying an additional 124,468 shares in the last quarter. Institutional investors and hedge funds own 87.06% of the company's stock.
Analysts Set New Price Targets
A number of brokerages have commented on ANDE. Stephens reissued an "overweight" rating and set a $55.00 target price on shares of Andersons in a report on Wednesday, February 19th. StockNews.com downgraded Andersons from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th.
Read Our Latest Analysis on Andersons
Andersons Price Performance
NASDAQ ANDE traded up $0.68 during trading hours on Thursday, hitting $42.08. 77,451 shares of the company's stock traded hands, compared to its average volume of 207,388. The company has a market capitalization of $1.43 billion, a PE ratio of 12.72 and a beta of 0.58. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.65 and a quick ratio of 0.90. The Andersons, Inc. has a 52-week low of $39.25 and a 52-week high of $61.46. The firm's 50-day moving average is $42.11 and its 200-day moving average is $45.63.
Andersons (NASDAQ:ANDE - Get Free Report) last posted 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. The firm had revenue of $3.12 billion during the quarter, compared to analysts' expectations of $2.72 billion. Andersons had a return on equity of 7.59% and a net margin of 1.01%. Equities analysts forecast that The Andersons, Inc. will post 3.11 EPS for the current fiscal year.
Andersons Dividend Announcement
The company 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 dividend of $0.195 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $0.78 annualized dividend and a dividend yield of 1.85%. Andersons's payout ratio is 23.49%.
Insider Activity at Andersons
In related news, VP Weston Heide sold 800 shares of the company'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 transaction, the vice president now directly owns 16,104 shares in the company, valued at approximately $772,992. This represents a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 5.10% of the stock is currently owned by insiders.
Andersons Profile
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Free Report)
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.
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