KLP Kapitalforvaltning AS Takes $689,000 Position in The Andersons, Inc. (NASDAQ:ANDE)

KLP Kapitalforvaltning AS acquired a new stake in shares of The Andersons, Inc. (NASDAQ:ANDE - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,000 shares of the basic materials company's stock, valued at approximately $689,000.

Other large investors have also recently modified their holdings of the company. Peoples Bank KS raised its stake in shares of Andersons by 250.0% during the 4th 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. KBC Group NV increased its position in shares of Andersons by 70.3% during the fourth quarter. KBC Group NV now owns 1,558 shares of the basic materials company's stock valued at $63,000 after buying an additional 643 shares during the period. EverSource Wealth Advisors LLC lifted its holdings 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. Systematic Financial Management LP bought a new position in shares of Andersons in the third quarter valued at approximately $227,000. Finally, EP Wealth Advisors LLC purchased a new position in Andersons during the third quarter valued at approximately $253,000. Hedge funds and other institutional investors own 87.06% of the company's stock.

Analyst Ratings Changes

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

Insiders Place Their Bets

In related news, VP Weston Heide sold 800 shares of the business'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 completion of the sale, the vice president now owns 16,104 shares in the company, valued at $772,992. The trade was a 4.73 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 4.30% of the company's stock.

Andersons Price Performance

Shares of NASDAQ ANDE traded down $2.73 during midday trading on Friday, hitting $38.61. 409,266 shares of the company's stock were exchanged, compared to its average volume of 239,366. The company has a current ratio of 1.65, a quick ratio of 0.90 and a debt-to-equity ratio of 0.38. The business's fifty day moving average price is $42.33 and its two-hundred day moving average price is $44.65. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 11.63 and a beta of 0.55. The Andersons, Inc. has a 12-month low of $37.62 and a 12-month high of $61.46.

Andersons (NASDAQ:ANDE - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The basic materials company reported $1.36 EPS for the quarter, topping analysts' consensus estimates of $1.02 by $0.34. The firm 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%. As a group, research 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. 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 dividend on an annualized basis and a yield of 2.02%. Andersons's payout ratio is 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.