Nordea Investment Management AB Buys 46,903 Shares of The Andersons, Inc. (NASDAQ:ANDE)

Nordea Investment Management AB boosted its holdings in shares of The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 86.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 101,099 shares of the basic materials company's stock after buying an additional 46,903 shares during the period. Nordea Investment Management AB owned approximately 0.30% of Andersons worth $4,110,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Creative Planning increased its holdings 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 period. Inspire Advisors LLC increased its stake in Andersons by 11.8% in the 3rd quarter. Inspire Advisors LLC now owns 4,547 shares of the basic materials company's stock valued at $228,000 after buying an additional 480 shares during the period. Quest Partners LLC lifted its position in Andersons by 7.7% in the 2nd quarter. Quest Partners LLC now owns 8,751 shares of the basic materials company's stock worth $434,000 after buying an additional 625 shares in the last quarter. James Investment Research Inc. grew its holdings in shares of Andersons by 7.7% during the 3rd quarter. James Investment Research Inc. now owns 9,478 shares of the basic materials company's stock valued at $475,000 after acquiring an additional 675 shares in the last quarter. Finally, Martingale Asset Management L P grew its holdings in shares of Andersons by 1.2% during the 3rd quarter. Martingale Asset Management L P now owns 61,245 shares of the basic materials company's stock valued at $3,071,000 after acquiring an additional 713 shares in the last quarter. 87.06% of the stock is owned by hedge funds and other institutional investors.

Andersons Stock Up 0.0 %

NASDAQ:ANDE traded up $0.01 during trading hours on Friday, reaching $42.22. The company's stock had a trading volume of 283,918 shares, compared to its average volume of 326,053. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.98 and a quick ratio of 1.23. The company has a market cap of $1.44 billion, a price-to-earnings ratio of 12.06 and a beta of 0.59. The Andersons, Inc. has a one year low of $39.25 and a one year high of $61.46. The business's 50-day moving average is $44.73 and its 200-day moving average is $47.60.

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

Andersons Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Thursday, January 2nd will be issued a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a yield of 1.85%. The ex-dividend date is Thursday, January 2nd. This is an increase from Andersons's previous quarterly dividend of $0.19. Andersons's dividend payout ratio (DPR) is 22.29%.

Analyst Upgrades and Downgrades

ANDE has been the topic of a number of recent research reports. StockNews.com upgraded Andersons from a "hold" rating to a "buy" rating in a research note on Wednesday, November 13th. Stephens reissued an "overweight" rating and issued a $60.00 price target on shares of Andersons in a research note on Thursday, January 2nd.

Insider Transactions at Andersons

In other news, insider Joseph E. Mcneely sold 2,382 shares of Andersons stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $47.73, for a total value of $113,692.86. Following the transaction, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 5.10% of the stock is owned by corporate insiders.

About Andersons

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.