Intech Investment Management LLC Purchases 93,453 Shares of The Andersons, Inc. (NASDAQ:ANDE)

Intech Investment Management LLC lifted its position in The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 221.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 135,678 shares of the basic materials company's stock after purchasing an additional 93,453 shares during the period. Intech Investment Management LLC owned about 0.40% of Andersons worth $5,498,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also bought and sold shares of the company. Peoples Bank KS lifted its holdings in Andersons by 250.0% in the 4th 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. KBC Group NV lifted its holdings in shares of 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 buying an additional 643 shares in the last quarter. Truvestments Capital LLC bought a new position in shares of Andersons during the 3rd quarter valued at about $98,000. EverSource Wealth Advisors LLC lifted its position in shares of Andersons by 16.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,866 shares of the basic materials company's stock worth $116,000 after buying an additional 412 shares in the last quarter. Finally, Systematic Financial Management LP purchased a new position in Andersons during the 3rd quarter valued at approximately $227,000. Hedge funds and other institutional investors own 87.06% of the company's stock.

Insider Activity

In other news, VP Weston Heide sold 800 shares of the business's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $48.00, for a total transaction of $38,400.00. Following the completion of the sale, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 5.10% of the company's stock.

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Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. StockNews.com cut shares of Andersons from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Stephens reaffirmed an "overweight" rating and issued a $55.00 price target on shares of Andersons in a report on Wednesday, February 19th.

Andersons Trading Down 2.7 %

NASDAQ:ANDE traded down $1.19 during midday trading on Friday, hitting $42.32. 3,437,036 shares of the company traded hands, compared to its average volume of 219,611. The firm has a market capitalization of $1.45 billion, a P/E ratio of 12.75 and a beta of 0.48. The firm's fifty day moving average is $42.56 and its 200-day moving average is $45.03. The Andersons, Inc. has a 12-month low of $39.25 and a 12-month high of $61.46. The company has a current ratio of 1.65, a quick ratio of 0.90 and a debt-to-equity ratio of 0.38.

Andersons (NASDAQ:ANDE - Get Free Report) last announced its earnings results on Tuesday, February 18th. The basic materials company reported $1.36 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $2.72 billion. On average, sell-side analysts predict that The Andersons, Inc. will post 3.11 EPS for the current year.

Andersons Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders 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 1.84%. Andersons's dividend payout ratio (DPR) is presently 23.49%.

About Andersons

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.