O Shaughnessy Asset Management LLC lessened its stake in The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 29.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,712 shares of the basic materials company's stock after selling 20,769 shares during the quarter. O Shaughnessy Asset Management LLC owned 0.14% of Andersons worth $1,974,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its holdings in Andersons by 15.2% during 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 increased its holdings in Andersons by 221.3% during 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 acquiring an additional 93,453 shares in the last quarter. American Century Companies Inc. increased its holdings in Andersons by 7.8% during the 4th 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 in the last quarter. Wedge Capital Management L L P NC purchased a new position in Andersons during the 4th quarter valued at about $2,744,000. Finally, Wellington Management Group LLP purchased a new position in Andersons during the 3rd quarter valued at about $2,798,000. Hedge funds and other institutional investors own 87.06% of the company's stock.
Andersons Trading Down 3.9 %
Shares of ANDE traded down $1.52 during mid-day trading on Thursday, hitting $37.36. The company had a trading volume of 34,823 shares, compared to its average volume of 241,883. The business's 50-day simple moving average is $41.91 and its 200-day simple moving average is $44.30. 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 Andersons, Inc. has a 1-year low of $35.88 and a 1-year high of $61.46. The stock has a market cap of $1.28 billion, a PE ratio of 11.27 and a beta of 0.55.
Andersons (NASDAQ:ANDE - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $3.12 billion for the quarter, compared to analysts' expectations of $2.72 billion. Andersons had a net margin of 1.01% and a return on equity of 7.59%. Sell-side analysts forecast that The Andersons, Inc. will post 3.11 earnings per share for the current year.
Andersons Announces Dividend
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 given a dividend of $0.195 per share. The ex-dividend date is Tuesday, April 1st. This represents a $0.78 dividend on an annualized basis and a yield of 2.09%. Andersons's dividend payout ratio (DPR) is 23.49%.
Wall Street Analyst Weigh In
Several research firms have issued reports on ANDE. StockNews.com cut shares of Andersons from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Stephens reaffirmed an "overweight" rating and set a $55.00 price target on shares of Andersons in a research note on Wednesday, February 19th.
View Our Latest Stock Analysis on ANDE
Insider Activity
In other news, VP Weston Heide sold 800 shares of Andersons stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $48.00, for a total transaction of $38,400.00. Following the sale, the vice president now owns 16,104 shares in the company, valued at $772,992. This trade represents a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 4.30% of the company's stock.
About Andersons
(
Free Report)
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.
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