17,964 Shares in The Andersons, Inc. (NASDAQ:ANDE) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired 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 Form 13F filing with the Securities and Exchange Commission. The firm acquired 17,964 shares of the basic materials company's stock, valued at approximately $728,000. Proficio Capital Partners LLC owned approximately 0.05% of Andersons at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. State Street Corp increased its holdings in Andersons by 2.2% in the 3rd quarter. State Street Corp now owns 1,337,344 shares of the basic materials company's stock valued at $67,054,000 after buying an additional 28,773 shares during the period. Geode Capital Management LLC boosted its position in shares of Andersons by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 785,139 shares of the basic materials company's stock valued at $39,374,000 after acquiring an additional 14,634 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Andersons by 15.2% in the fourth 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 during the period. Bank of New York Mellon Corp lifted its stake in Andersons by 14.2% during the fourth 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. Finally, Empowered Funds LLC boosted its holdings in Andersons by 5.8% during the fourth quarter. Empowered Funds LLC now owns 232,213 shares of the basic materials company's stock valued at $9,364,000 after purchasing an additional 12,792 shares in the last quarter. 87.06% of the stock is currently owned by institutional investors.

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Andersons Price Performance

NASDAQ:ANDE traded up $0.44 during mid-day trading on Wednesday, reaching $43.47. 225,948 shares of the company were exchanged, compared to its average volume of 220,238. 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 stock has a market cap of $1.49 billion, a PE ratio of 13.09 and a beta of 0.48. The Andersons, Inc. has a 12 month low of $39.25 and a 12 month high of $61.46. The company has a fifty day moving average of $42.54 and a 200 day moving average of $44.93.

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 (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.34. The firm had revenue of $3.12 billion for the quarter, compared to the consensus estimate of $2.72 billion. Andersons had a return on equity of 7.59% and a net margin of 1.01%. On average, research analysts anticipate that The Andersons, Inc. will post 3.11 EPS for the current fiscal year.

Andersons Announces Dividend

The company also recently declared 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 1.79%. The ex-dividend date of this dividend is Tuesday, April 1st. Andersons's dividend payout ratio is 23.49%.

Insider Activity at Andersons

In other Andersons news, VP Weston Heide sold 800 shares of Andersons stock in a transaction 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 completion of the sale, the vice president now owns 16,104 shares of the company's stock, valued at approximately $772,992. The trade was a 4.73 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Stephens restated an "overweight" rating and set a $55.00 target price on shares of Andersons in a research report on Wednesday, February 19th. StockNews.com downgraded shares of Andersons from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th.

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.