Vanguard Group Inc. Has $161.97 Million Stock Holdings in The Andersons, Inc. (NASDAQ:ANDE)

Vanguard Group Inc. decreased its holdings in shares of The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 0.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 3,997,237 shares of the basic materials company's stock after selling 9,634 shares during the period. Vanguard Group Inc. owned approximately 11.73% of Andersons worth $161,968,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. State Street Corp increased its holdings in Andersons by 2.2% in the third quarter. State Street Corp now owns 1,337,344 shares of the basic materials company's stock valued at $67,054,000 after purchasing an additional 28,773 shares during the last quarter. Nordea Investment Management AB grew its position in shares of Andersons by 86.5% during the 4th quarter. Nordea Investment Management AB now owns 101,099 shares of the basic materials company's stock worth $4,110,000 after buying an additional 46,903 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of Andersons in the 4th quarter valued at about $728,000. Peoples Bank KS raised its position in shares of Andersons by 250.0% in the 4th quarter. Peoples Bank KS now owns 700 shares of the basic materials company's stock valued at $28,000 after acquiring an additional 500 shares during the period. Finally, Geode Capital Management LLC raised its position 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 acquiring an additional 14,634 shares during the period. Institutional investors and hedge funds own 87.06% of the company's stock.

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Andersons Stock Up 1.5 %

Shares of NASDAQ ANDE traded up $0.56 during mid-day trading on Friday, reaching $37.86. 309,015 shares of the company's stock were exchanged, compared to its average volume of 243,746. The Andersons, Inc. has a twelve month low of $35.88 and a twelve month high of $61.46. The company has a current ratio of 1.65, a quick ratio of 0.90 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of 11.40 and a beta of 0.55. The business has a fifty day simple moving average of $41.80 and a 200 day simple moving average of $44.13.

Andersons (NASDAQ:ANDE - Get Free Report) last announced its earnings results on Tuesday, February 18th. The basic materials company reported $1.36 EPS for the quarter, topping the consensus estimate of $1.02 by $0.34. The firm had revenue of $3.12 billion for 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%. As a group, equities analysts expect that The Andersons, Inc. will post 3.11 EPS for the current fiscal year.

Andersons Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Tuesday, April 1st will be paid a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date is Tuesday, April 1st. Andersons's payout ratio is presently 23.49%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Stephens reaffirmed an "overweight" rating and issued a $55.00 target price on shares of Andersons in a research note on Wednesday, February 19th. StockNews.com lowered shares of Andersons from a "buy" rating to a "hold" rating in a report on Thursday, February 20th.

Insider Buying and Selling

In other Andersons news, VP Weston Heide sold 800 shares of the business'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. The trade was a 4.73 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company 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.