Mitsubishi UFJ Trust & Banking Corp Increases Position in The Andersons, Inc. (NASDAQ:ANDE)

Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 86.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 57,938 shares of the basic materials company's stock after buying an additional 26,896 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.17% of Andersons worth $2,348,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. State Street Corp boosted its stake in shares of Andersons by 2.2% in the third quarter. State Street Corp now owns 1,337,344 shares of the basic materials company's stock worth $67,054,000 after buying an additional 28,773 shares during the last quarter. American Century Companies Inc. lifted its holdings in 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 acquiring an additional 84,133 shares during the period. Geode Capital Management LLC boosted its position in Andersons by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 785,139 shares of the basic materials company's stock worth $39,374,000 after purchasing an additional 14,634 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in 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 worth $30,456,000 after purchasing an additional 99,045 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Andersons by 14.2% during the 4th quarter. Bank of New York Mellon Corp now owns 353,271 shares of the basic materials company's stock worth $14,315,000 after purchasing an additional 44,022 shares during the period. 87.06% of the stock is currently owned by institutional investors and hedge funds.

Andersons Price Performance

Shares of Andersons stock traded down $2.73 on Friday, reaching $38.61. The company's stock had a trading volume of 409,266 shares, compared to its average volume of 239,366. The company has a quick ratio of 0.90, a current ratio of 1.65 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $1.32 billion, a P/E ratio of 11.63 and a beta of 0.48. The stock has a 50-day moving average price of $42.33 and a 200-day moving average price of $44.68. The Andersons, Inc. has a 52-week low of $37.62 and a 52-week 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 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 company had revenue of $3.12 billion during the quarter, compared to analyst estimates of $2.72 billion. Analysts expect that The Andersons, Inc. will post 3.11 EPS for the current year.

Andersons Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Tuesday, April 1st will be issued a $0.195 dividend. This represents a $0.78 annualized dividend and a yield of 2.02%. The ex-dividend date is Tuesday, April 1st. Andersons's payout ratio is 23.49%.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other news, VP Weston Heide sold 800 shares of Andersons 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 sale, the vice president now directly owns 16,104 shares of the company's stock, valued at $772,992. The trade was a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 4.30% of the stock is owned by company insiders.

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.