Invesco Ltd. Sells 199,629 Shares of The Andersons, Inc. (NASDAQ:ANDE)

Invesco Ltd. lessened its holdings in shares of The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 26.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 547,299 shares of the basic materials company's stock after selling 199,629 shares during the period. Invesco Ltd. owned 1.61% of Andersons worth $22,177,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of ANDE. Charles Schwab Investment Management Inc. increased its stake in shares of Andersons by 15.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 751,624 shares of the basic materials company's stock valued at $30,456,000 after acquiring an additional 99,045 shares in the last quarter. Intech Investment Management LLC grew its position in Andersons by 221.3% in the 4th quarter. Intech Investment Management LLC now owns 135,678 shares of the basic materials company's stock valued at $5,498,000 after purchasing an additional 93,453 shares during the period. American Century Companies Inc. lifted its stake in shares of Andersons by 7.8% in the fourth quarter. American Century Companies Inc. now owns 1,166,781 shares of the basic materials company's stock valued at $47,278,000 after buying an additional 84,133 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Andersons by 150.2% during the fourth quarter. Wellington Management Group LLP now owns 139,626 shares of the basic materials company's stock valued at $5,658,000 after buying an additional 83,817 shares during the last quarter. Finally, Wedge Capital Management L L P NC bought a new stake in Andersons during the fourth quarter worth $2,744,000. Institutional investors and hedge funds own 87.06% of the company's stock.

Wall Street Analysts Forecast Growth

ANDE has been the subject of several analyst reports. Stephens reiterated an "overweight" rating and issued a $55.00 target price on shares of Andersons in a report on Wednesday, February 19th. StockNews.com downgraded shares of Andersons from a "buy" rating to a "hold" rating in a report on Thursday, February 20th.

Andersons Stock Performance

Shares of ANDE traded up $0.30 during mid-day trading on Thursday, hitting $38.16. The stock had a trading volume of 31,582 shares, compared to its average volume of 245,040. 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 firm has a market cap of $1.30 billion, a P/E ratio of 11.50 and a beta of 0.55. The Andersons, Inc. has a 52 week low of $35.88 and a 52 week high of $60.12. The business has a fifty day moving average price of $41.34 and a 200-day moving average price of $43.51.

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 (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.34. The firm had revenue of $3.12 billion for the quarter, compared to the consensus estimate of $2.72 billion. Andersons had a return on equity of 7.59% and a net margin of 1.01%. On average, equities research analysts expect that The Andersons, Inc. will post 3.11 EPS for the current year.

Andersons Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Tuesday, April 1st were issued a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend was Tuesday, April 1st. Andersons's dividend payout ratio (DPR) is presently 23.49%.

Insider Buying and Selling 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 shares were 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.30% of the company's stock.

Andersons 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.