State Street Corp Has $67.05 Million Holdings in The Andersons, Inc. (NASDAQ:ANDE)

State Street Corp lifted its position in The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 2.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,337,344 shares of the basic materials company's stock after buying an additional 28,773 shares during the quarter. State Street Corp owned about 3.93% of Andersons worth $67,054,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in ANDE. SummerHaven Investment Management LLC lifted its stake in Andersons by 1.8% in the second quarter. SummerHaven Investment Management LLC now owns 16,116 shares of the basic materials company's stock valued at $799,000 after acquiring an additional 289 shares during the last quarter. Creative Planning lifted its stake in 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. Louisiana State Employees Retirement System grew its holdings in Andersons by 2.6% during the second quarter. Louisiana State Employees Retirement System now owns 16,000 shares of the basic materials company's stock worth $794,000 after purchasing an additional 400 shares during the period. Inspire Advisors LLC increased its position in Andersons by 11.8% during the third quarter. Inspire Advisors LLC now owns 4,547 shares of the basic materials company's stock worth $228,000 after buying an additional 480 shares during the last quarter. Finally, nVerses Capital LLC bought a new stake in Andersons in the second quarter valued at approximately $25,000. 87.06% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on ANDE shares. StockNews.com upgraded Andersons from a "hold" rating to a "buy" rating in a research note on Wednesday, November 13th. Stephens raised Andersons to a "strong-buy" rating in a report on Monday, December 2nd.

Andersons Stock Performance

Shares of ANDE stock opened at $42.93 on Wednesday. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of 12.27 and a beta of 0.57. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.23 and a current ratio of 1.98. The Andersons, Inc. has a 52 week low of $41.76 and a 52 week high of $61.46. The company has a 50-day simple moving average of $47.15 and a 200 day simple moving average of $48.70.

Andersons (NASDAQ:ANDE - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The basic materials company reported $0.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.43 by $0.37. The company had revenue of $2.62 billion during the quarter, compared to analysts' expectations of $2.90 billion. Andersons had a return on equity of 8.21% and a net margin of 1.06%. The business's revenue was down 27.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.13 earnings per share. On average, sell-side analysts predict that The Andersons, Inc. will post 2.9 earnings per share for the current year.

Andersons Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Thursday, January 2nd will be given a dividend of $0.195 per share. This is a boost from Andersons's previous quarterly dividend of $0.19. The ex-dividend date is Thursday, January 2nd. This represents a $0.78 annualized dividend and a yield of 1.82%. Andersons's dividend payout ratio (DPR) is presently 22.29%.

Insiders Place Their Bets

In related news, insider Joseph E. Mcneely sold 2,382 shares of the business's stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $47.73, for a total value of $113,692.86. Following the completion of the sale, the insider now directly owns 49,601 shares in the company, valued at approximately $2,367,455.73. The trade was a 4.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 5.10% 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.