Wellington Management Group LLP Buys 83,817 Shares of The Andersons, Inc. (NASDAQ:ANDE)

Wellington Management Group LLP boosted its holdings in The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 150.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 139,626 shares of the basic materials company's stock after buying an additional 83,817 shares during the period. Wellington Management Group LLP owned 0.41% of Andersons worth $5,658,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of ANDE. Charles Schwab Investment Management Inc. increased its position in shares of Andersons by 15.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 751,624 shares of the basic materials company's stock worth $30,456,000 after acquiring an additional 99,045 shares during the last quarter. Intech Investment Management LLC increased its position in shares of Andersons by 221.3% in the 4th quarter. Intech Investment Management LLC now owns 135,678 shares of the basic materials company's stock worth $5,498,000 after purchasing an additional 93,453 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Andersons by 7.8% in the 4th quarter. American Century Companies Inc. now owns 1,166,781 shares of the basic materials company's stock valued at $47,278,000 after purchasing an additional 84,133 shares in the last quarter. Wedge Capital Management L L P NC acquired a new position in Andersons in the fourth quarter worth about $2,744,000. Finally, Prudential Financial Inc. raised its stake in Andersons by 55.0% during the fourth quarter. Prudential Financial Inc. now owns 132,752 shares of the basic materials company's stock valued at $5,379,000 after buying an additional 47,105 shares in the last quarter. 87.06% of the stock is currently owned by hedge funds and other institutional investors.

Andersons Stock Up 0.8 %

NASDAQ ANDE traded up $0.29 during trading on Wednesday, reaching $37.66. 25,265 shares of the company's stock were exchanged, compared to its average volume of 243,963. The company's fifty day simple moving average is $41.69 and its 200-day simple moving average is $43.96. The Andersons, Inc. has a fifty-two week low of $35.88 and a fifty-two week high of $61.46. The firm has a market capitalization of $1.29 billion, a PE ratio of 11.34 and a beta of 0.55. The company has a current ratio of 1.65, a quick ratio of 0.90 and a debt-to-equity ratio of 0.38.

Andersons (NASDAQ:ANDE - Get Free Report) last posted 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 firm had revenue of $3.12 billion for the quarter, compared to the consensus estimate of $2.72 billion. Sell-side analysts predict 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 issued a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date is Tuesday, April 1st. Andersons's payout ratio is 23.49%.

Analyst Upgrades and Downgrades

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

Insider Activity at Andersons

In other Andersons news, VP Weston Heide sold 800 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $48.00, for a total value of $38,400.00. Following the transaction, the vice president now directly owns 16,104 shares of the company's stock, valued at approximately $772,992. This trade represents a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.30% of the stock is currently owned by insiders.

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.