Wellington Management Group LLP purchased a new stake in The Andersons, Inc. (NASDAQ:ANDE - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 55,809 shares of the basic materials company's stock, valued at approximately $2,798,000. Wellington Management Group LLP owned 0.16% of Andersons at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Intech Investment Management LLC lifted its holdings 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 buying an additional 33,336 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Andersons by 23.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 652,579 shares of the basic materials company's stock worth $32,720,000 after acquiring an additional 124,468 shares during the period. Renaissance Technologies LLC raised its position in shares of Andersons by 13.1% in the 2nd quarter. Renaissance Technologies LLC now owns 159,576 shares of the basic materials company's stock worth $7,915,000 after acquiring an additional 18,500 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of Andersons by 7.0% in the 3rd quarter. Victory Capital Management Inc. now owns 488,505 shares of the basic materials company's stock valued at $24,494,000 after purchasing an additional 31,881 shares during the period. Finally, Deerfield Management Company L.P. Series C bought a new stake in shares of Andersons during the 2nd quarter valued at about $1,040,000. 87.06% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Andersons
In other news, insider Joseph E. Mcneely sold 2,382 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $47.73, for a total value of $113,692.86. Following the completion of the sale, the insider now directly owns 49,601 shares of the company's stock, valued at $2,367,455.73. This represents a 4.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.10% of the stock is currently owned by company insiders.
Analyst Ratings Changes
A number of equities research analysts have weighed in on the company. Stephens upgraded Andersons to a "strong-buy" rating in a report on Monday, December 2nd. StockNews.com upgraded shares of Andersons from a "hold" rating to a "buy" rating in a research note on Wednesday, November 13th.
Check Out Our Latest Report on ANDE
Andersons Price Performance
ANDE stock opened at $42.93 on Wednesday. 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's 50-day moving average is $47.15 and its 200-day moving average is $48.70. The stock has a market capitalization of $1.46 billion, a PE ratio of 12.27 and a beta of 0.57. The Andersons, Inc. has a 1 year low of $41.76 and a 1 year high of $61.46.
Andersons (NASDAQ:ANDE - Get Free Report) last announced 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 business had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same quarter in the prior year, the company earned $0.13 earnings per share. The company's quarterly revenue was down 27.9% on a year-over-year basis. Equities research analysts expect that The Andersons, Inc. will post 2.9 EPS for the current fiscal year.
Andersons Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Investors of record on Thursday, January 2nd will be given a $0.195 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $0.78 annualized dividend and a yield of 1.82%. This is an increase from Andersons's previous quarterly dividend of $0.19. Andersons's dividend payout ratio (DPR) is presently 22.29%.
Andersons 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.
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