Trexquant Investment LP bought a new stake in The Andersons, Inc. (NASDAQ:ANDE - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 28,986 shares of the basic materials company's stock, valued at approximately $1,175,000. Trexquant Investment LP owned about 0.09% of Andersons at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of ANDE. Wellington Management Group LLP raised its stake in shares of Andersons by 150.2% during the 4th quarter. Wellington Management Group LLP now owns 139,626 shares of the basic materials company's stock worth $5,658,000 after acquiring an additional 83,817 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Andersons by 10.6% in the fourth quarter. JPMorgan Chase & Co. now owns 397,691 shares of the basic materials company's stock worth $16,114,000 after purchasing an additional 38,020 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Andersons by 86.6% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 57,938 shares of the basic materials company's stock worth $2,348,000 after purchasing an additional 26,896 shares in the last quarter. EntryPoint Capital LLC purchased a new stake in shares of Andersons during the 4th quarter valued at $327,000. Finally, Prudential Financial Inc. boosted its position in shares of Andersons by 55.0% in the 4th quarter. Prudential Financial Inc. now owns 132,752 shares of the basic materials company's stock worth $5,379,000 after purchasing an additional 47,105 shares in the last quarter. 87.06% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other Andersons news, VP Weston Heide sold 800 shares of the company's stock in a transaction that occurred on 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 owns 16,104 shares in the company, valued at approximately $772,992. This represents a 4.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 4.30% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
A number of equities research analysts have commented on ANDE shares. Stephens reiterated an "overweight" rating and issued a $55.00 price target on shares of Andersons in a research note 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.
Check Out Our Latest Research Report on Andersons
Andersons Stock Performance
ANDE stock traded up $0.29 during midday trading on Wednesday, reaching $37.66. The stock had a trading volume of 25,265 shares, compared to its average volume of 243,963. The firm has a fifty day simple moving average of $41.69 and a two-hundred day simple moving average of $43.96. The Andersons, Inc. has a 52-week low of $35.88 and a 52-week high of $61.46. 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 stock has a market cap of $1.29 billion, a PE ratio of 11.34 and a beta of 0.55.
Andersons (NASDAQ:ANDE - Get Free Report) last released its earnings results on Tuesday, February 18th. The basic materials company reported $1.36 EPS for the quarter, topping analysts' consensus estimates of $1.02 by $0.34. Andersons had a return on equity of 7.59% and a net margin of 1.01%. The firm had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $2.72 billion. As a group, equities research analysts anticipate that The Andersons, Inc. will post 3.11 EPS for the current year.
Andersons Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 1st will be paid a $0.195 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.07%. Andersons's payout ratio is currently 23.49%.
Andersons Company Profile
(
Free Report)
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.
Further Reading
Before you consider Andersons, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Andersons wasn't on the list.
While Andersons currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
