Victory Capital Management Inc. Reduces Stake in The Andersons, Inc. (NASDAQ:ANDE)

Victory Capital Management Inc. decreased its holdings in shares of The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 6.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 458,614 shares of the basic materials company's stock after selling 29,891 shares during the quarter. Victory Capital Management Inc. owned approximately 1.35% of Andersons worth $18,583,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. State Street Corp lifted its position in shares of Andersons by 2.2% during the 3rd quarter. State Street Corp now owns 1,337,344 shares of the basic materials company's stock worth $67,054,000 after buying an additional 28,773 shares during the last quarter. Nordea Investment Management AB raised its stake in 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 acquiring an additional 46,903 shares in the last quarter. Peoples Bank KS lifted its position in Andersons by 250.0% in the fourth 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 last quarter. Intech Investment Management LLC boosted its stake in Andersons by 375.0% in the third quarter. Intech Investment Management LLC now owns 42,225 shares of the basic materials company's stock valued at $2,117,000 after acquiring an additional 33,336 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Andersons by 23.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 652,579 shares of the basic materials company's stock worth $32,720,000 after purchasing an additional 124,468 shares during the last quarter. 87.06% of the stock is owned by institutional investors and hedge funds.

Andersons Trading Down 2.3 %

Shares of ANDE stock opened at $42.33 on Wednesday. The company has a market capitalization of $1.44 billion, a P/E ratio of 12.75 and a beta of 0.48. 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 business's 50 day moving average is $42.33 and its two-hundred day moving average is $45.43. The Andersons, Inc. has a twelve month low of $39.25 and a twelve month high of $61.46.

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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 the consensus estimate of $1.02 by $0.34. Andersons had a net margin of 1.01% and a return on equity of 7.59%. The company had revenue of $3.12 billion during the quarter, compared to analysts' expectations of $2.72 billion. Equities analysts forecast that The Andersons, Inc. will post 3.11 EPS for the current year.

Andersons Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 1st will be paid a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date is Tuesday, April 1st. Andersons's dividend payout ratio (DPR) is 23.49%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ANDE. StockNews.com downgraded Andersons from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. Stephens reiterated an "overweight" rating and issued a $55.00 price objective on shares of Andersons in a research note on Wednesday, February 19th.

Insider Activity

In other Andersons news, VP Weston Heide sold 800 shares of the company's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $48.00, for a total transaction of $38,400.00. Following the transaction, the vice president now directly owns 16,104 shares in the company, valued at approximately $772,992. This represents a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 5.10% of the company's stock.

Andersons Company 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.

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