The Andersons, Inc. (NASDAQ:ANDE) Shares Sold by LSV Asset Management

LSV Asset Management cut its stake in The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 63.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,500 shares of the basic materials company's stock after selling 47,300 shares during the period. LSV Asset Management owned approximately 0.08% of Andersons worth $1,114,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Peoples Bank KS increased its stake in Andersons by 250.0% in 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 in the last quarter. KBC Group NV increased its position 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 valued at $63,000 after buying an additional 643 shares in the last quarter. EverSource Wealth Advisors LLC increased 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 valued at $116,000 after buying an additional 412 shares in the last quarter. Arete Wealth Advisors LLC raised its stake in shares of Andersons by 9.4% during the 4th quarter. Arete Wealth Advisors LLC now owns 6,710 shares of the basic materials company's stock worth $272,000 after buying an additional 579 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Andersons in the 4th quarter worth about $280,000. 87.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Insiders Place Their Bets

In related news, VP Weston Heide sold 800 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $48.00, for a total transaction 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 filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 4.30% of the company's stock.

Andersons Price Performance

Andersons stock traded up $0.59 during midday trading on Friday, reaching $38.12. 201,931 shares of the company were exchanged, compared to its average volume of 245,612. The firm's 50-day simple moving average is $41.58 and its 200-day simple moving average is $43.83. The Andersons, Inc. has a 1 year low of $35.88 and a 1 year high of $61.46. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 11.48 and a beta of 0.55. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.90 and a current ratio of 1.65.

Andersons (NASDAQ:ANDE - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The basic materials company reported $1.36 earnings per share for the quarter, beating analysts' consensus estimates of $1.02 by $0.34. The business had revenue of $3.12 billion during 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%. On average, analysts anticipate that The Andersons, Inc. will post 3.11 EPS for the current year.

Andersons Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 1st will be paid a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date of this dividend is Tuesday, April 1st. Andersons's dividend payout ratio is presently 23.49%.

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.