Semanteon Capital Management LP Makes New Investment in The Andersons, Inc. (NASDAQ:ANDE)

Semanteon Capital Management LP purchased a new stake in shares of The Andersons, Inc. (NASDAQ:ANDE - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 16,021 shares of the basic materials company's stock, valued at approximately $649,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its position in Andersons by 23.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 652,579 shares of the basic materials company's stock worth $32,720,000 after acquiring an additional 124,468 shares during the period. Intech Investment Management LLC raised its position 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 worth $5,498,000 after buying an additional 93,453 shares during the last quarter. Wedge Capital Management L L P NC purchased a new position in shares of Andersons during the fourth quarter worth $2,744,000. Wellington Management Group LLP purchased a new position in shares of Andersons during the 3rd quarter valued at about $2,798,000. Finally, Nordea Investment Management AB lifted its holdings in shares of Andersons by 86.5% in the 4th 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 period. Hedge funds and other institutional investors own 87.06% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ANDE. Stephens reissued an "overweight" rating and issued a $55.00 price target on shares of Andersons in a report on Wednesday, February 19th. StockNews.com cut shares of Andersons from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th.

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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 value of $38,400.00. Following the sale, the vice president now directly owns 16,104 shares in the company, valued at approximately $772,992. The trade was a 4.73 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 5.10% of the company's stock.

Andersons Price Performance

Shares of NASDAQ:ANDE traded up $0.44 during trading on Wednesday, reaching $43.47. 226,048 shares of the company's stock traded hands, compared to its average volume of 220,239. The firm 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 fifty-two week low of $39.25 and a fifty-two week high of $61.46. 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 50-day simple moving average of $42.54 and a 200-day simple moving average of $44.93.

Andersons (NASDAQ:ANDE - Get Free Report) last announced its earnings results on Tuesday, February 18th. The basic materials company reported $1.36 earnings per share (EPS) 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 analyst estimates of $2.72 billion. Andersons had a return on equity of 7.59% and a net margin of 1.01%. As a group, analysts predict that The Andersons, Inc. will post 3.11 earnings per share for the current year.

Andersons Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 1st will be given a $0.195 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $0.78 annualized dividend and a dividend yield of 1.79%. Andersons's dividend payout ratio (DPR) is 23.49%.

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.