The Andersons, Inc. (NASDAQ:ANDE) Shares Purchased by Renaissance Technologies LLC

Renaissance Technologies LLC grew its holdings in The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 16.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 169,476 shares of the basic materials company's stock after acquiring an additional 23,476 shares during the period. Renaissance Technologies LLC owned about 0.50% of Andersons worth $6,867,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Nordea Investment Management AB increased its holdings in Andersons by 86.5% in the fourth quarter. Nordea Investment Management AB now owns 101,099 shares of the basic materials company's stock valued at $4,110,000 after buying an additional 46,903 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in Andersons in the fourth quarter valued at approximately $728,000. Peoples Bank KS lifted its position in shares of Andersons by 250.0% during the 4th quarter. Peoples Bank KS now owns 700 shares of the basic materials company's stock worth $28,000 after buying an additional 500 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Andersons by 1.9% in 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 buying an additional 14,634 shares in the last quarter. Finally, Empowered Funds LLC raised its stake in Andersons by 5.8% during the 4th quarter. Empowered Funds LLC now owns 232,213 shares of the basic materials company's stock worth $9,364,000 after acquiring an additional 12,792 shares in the last quarter. 87.06% of the stock is currently owned by institutional investors and hedge funds.

Andersons Stock Performance

ANDE traded up $0.27 during trading on Thursday, hitting $38.13. The stock had a trading volume of 31,582 shares, compared to its average volume of 245,040. The Andersons, Inc. has a twelve month low of $35.88 and a twelve month high of $60.12. The firm has a market capitalization of $1.30 billion, a P/E ratio of 11.50 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. The company's 50-day moving average price is $41.34 and its 200 day moving average price is $43.51.

Andersons (NASDAQ:ANDE - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The basic materials company reported $1.36 EPS for the quarter, beating analysts' consensus estimates of $1.02 by $0.34. The firm had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $2.72 billion. Andersons had a net margin of 1.01% and a return on equity of 7.59%. On average, equities research analysts forecast that The Andersons, Inc. will post 3.11 EPS for the current fiscal year.

Andersons Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. StockNews.com cut 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 report on Wednesday, February 19th.

Insider Transactions at Andersons

In related news, VP Weston Heide sold 800 shares of Andersons 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 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 4.30% of the company's stock.

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.