JPMorgan Chase & Co. Has $16.11 Million Stake in The Andersons, Inc. (NASDAQ:ANDE)

JPMorgan Chase & Co. raised its holdings in shares of The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 10.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 397,691 shares of the basic materials company's stock after buying an additional 38,020 shares during the period. JPMorgan Chase & Co. owned about 1.17% of Andersons worth $16,114,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Mitsubishi UFJ Trust & Banking Corp raised its holdings in Andersons by 86.6% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 57,938 shares of the basic materials company's stock valued at $2,348,000 after acquiring an additional 26,896 shares in the last quarter. EntryPoint Capital LLC bought a new stake in Andersons during the 4th quarter valued at $327,000. Prudential Financial Inc. increased its stake in shares of Andersons by 55.0% during the fourth quarter. Prudential Financial Inc. now owns 132,752 shares of the basic materials company's stock valued at $5,379,000 after acquiring an additional 47,105 shares during the period. KLP Kapitalforvaltning AS bought a new position in Andersons during the 4th quarter valued at $689,000. Finally, American Century Companies Inc. grew its holdings in Andersons by 7.8% during the fourth quarter. American Century Companies Inc. now owns 1,166,781 shares of the basic materials company's stock worth $47,278,000 after acquiring an additional 84,133 shares during the period. Institutional investors and hedge funds own 87.06% of the company's stock.

Insiders Place Their Bets

In related news, VP Weston Heide sold 800 shares of the firm'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 of the company's stock, valued at approximately $772,992. This trade represents a 4.73 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 4.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ANDE. StockNews.com downgraded Andersons from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. Stephens reaffirmed an "overweight" rating and set a $55.00 price objective on shares of Andersons in a research report on Wednesday, February 19th.

Andersons Stock Up 0.7 %

Shares of NASDAQ ANDE traded up $0.26 during trading hours on Thursday, hitting $37.79. The stock had a trading volume of 35,175 shares, compared to its average volume of 244,577. The company has a market capitalization of $1.29 billion, a P/E ratio of 11.41 and a beta of 0.55. The firm's 50-day moving average price is $41.63 and its two-hundred day moving average price is $43.92. 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 Andersons, Inc. has a 52 week low of $35.88 and a 52 week high of $61.46.

Andersons (NASDAQ:ANDE - Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The basic materials company reported $1.36 EPS for the quarter, topping the consensus estimate of $1.02 by $0.34. The company had revenue of $3.12 billion for the quarter, compared to analyst estimates of $2.72 billion. Andersons had a net margin of 1.01% and a return on equity of 7.59%. Analysts anticipate that The Andersons, Inc. will post 3.11 EPS for the current fiscal year.

Andersons Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 1st will be issued 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 yield of 2.06%. Andersons's dividend payout ratio (DPR) is currently 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.