Proficio Capital Partners LLC bought a new position in shares of The Andersons, Inc. (NASDAQ:ANDE - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 17,964 shares of the basic materials company's stock, valued at approximately $728,000. Proficio Capital Partners LLC owned about 0.05% of Andersons as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the business. Creative Planning lifted its stake in shares of Andersons by 6.2% in the 3rd quarter. Creative Planning now owns 5,261 shares of the basic materials company's stock valued at $264,000 after purchasing an additional 309 shares during the last quarter. Summit Global Investments boosted its position in Andersons by 41.5% in the 3rd quarter. Summit Global Investments now owns 13,088 shares of the basic materials company's stock valued at $656,000 after buying an additional 3,840 shares during the period. Victory Capital Management Inc. raised its position in Andersons by 7.0% in the 3rd quarter. Victory Capital Management Inc. now owns 488,505 shares of the basic materials company's stock valued at $24,494,000 after purchasing an additional 31,881 shares in the last quarter. Empowered Funds LLC increased its position in shares of Andersons by 3.8% in the 3rd quarter. Empowered Funds LLC now owns 219,421 shares of the basic materials company's stock valued at $10,960,000 after purchasing an additional 8,050 shares during the last quarter. Finally, Quest Partners LLC boosted its position in shares of Andersons by 84.2% during the 3rd quarter. Quest Partners LLC now owns 16,120 shares of the basic materials company's stock worth $808,000 after acquiring an additional 7,369 shares in the last quarter. Hedge funds and other institutional investors own 87.06% of the company's stock.
Insider Activity
In other 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 value of $38,400.00. Following the completion of the sale, the vice president now owns 16,104 shares in the company, valued at approximately $772,992. This trade represents a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 5.10% of the company's stock.
Andersons Trading Up 0.7 %
Shares of ANDE opened at $43.13 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.65 and a quick ratio of 0.90. The Andersons, Inc. has a 1-year low of $39.25 and a 1-year high of $61.46. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of 12.99 and a beta of 0.48. The firm has a 50 day simple moving average of $42.22 and a 200-day simple moving average of $45.54.
Andersons (NASDAQ:ANDE - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The basic materials company reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.34. Andersons had a return on equity of 7.59% and a net margin of 1.01%. The company had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $2.72 billion. Equities analysts forecast that The Andersons, Inc. will post 3.11 EPS for the current fiscal year.
Andersons Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders 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 1.81%. The ex-dividend date is Tuesday, April 1st. Andersons's dividend payout ratio is currently 23.49%.
Wall Street Analysts Forecast Growth
Several equities analysts have issued reports on the stock. StockNews.com downgraded shares of Andersons from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Stephens restated an "overweight" rating and issued a $55.00 price target on shares of Andersons in a research note on Wednesday, February 19th.
Get Our Latest Stock Analysis on ANDE
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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