Public Employees Retirement System of Ohio Sells 7,415 Shares of The Andersons, Inc. (NASDAQ:ANDE)

Public Employees Retirement System of Ohio reduced its holdings in The Andersons, Inc. (NASDAQ:ANDEFree Report) by 43.5% during the third quarter, Holdings Channel.com reports. The institutional investor owned 9,631 shares of the basic materials company’s stock after selling 7,415 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Andersons were worth $496,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Covestor Ltd grew its position in shares of Andersons by 126.4% in the 2nd quarter. Covestor Ltd now owns 557 shares of the basic materials company’s stock worth $26,000 after buying an additional 311 shares during the last quarter. C M Bidwell & Associates Ltd. bought a new stake in shares of Andersons during the third quarter valued at approximately $33,000. Federated Hermes Inc. boosted its position in shares of Andersons by 762.0% during the first quarter. Federated Hermes Inc. now owns 681 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 602 shares in the last quarter. Lazard Asset Management LLC bought a new stake in shares of Andersons during the fourth quarter valued at approximately $40,000. Finally, Money Concepts Capital Corp boosted its position in shares of Andersons by 817.4% during the fourth quarter. Money Concepts Capital Corp now owns 1,266 shares of the basic materials company’s stock valued at $44,000 after purchasing an additional 1,128 shares in the last quarter. 87.06% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ANDE. StockNews.com upgraded Andersons from a “hold” rating to a “buy” rating in a research report on Thursday, January 11th. Roth Capital restated a “buy” rating and set a $65.00 price target on shares of Andersons in a research report on Tuesday, February 6th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $62.50.

Get Our Latest Analysis on Andersons

Andersons Stock Up 1.5 %

Shares of NASDAQ:ANDE opened at $57.32 on Thursday. The stock has a fifty day simple moving average of $53.68 and a two-hundred day simple moving average of $52.66. The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of 19.50 and a beta of 0.67. The Andersons, Inc. has a 12-month low of $35.69 and a 12-month high of $58.84. The company has a current ratio of 1.72, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37.

Andersons (NASDAQ:ANDEGet Free Report) last announced its quarterly earnings data on Wednesday, February 21st. The basic materials company reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.48. The business had revenue of $3.21 billion during the quarter, compared to analysts’ expectations of $4.26 billion. Andersons had a return on equity of 8.19% and a net margin of 0.69%. The firm’s quarterly revenue was down 31.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.98 earnings per share. On average, research analysts anticipate that The Andersons, Inc. will post 2.54 earnings per share for the current fiscal year.

Andersons Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 22nd. Stockholders of record on Monday, April 1st will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend is Thursday, March 28th. Andersons’s dividend payout ratio is currently 25.85%.

Insider Transactions at Andersons

In other news, CEO Patrick E. Bowe sold 1,338 shares of the business’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $55.12, for a total value of $73,750.56. Following the completion of the transaction, the chief executive officer now owns 89,315 shares in the company, valued at $4,923,042.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Patrick E. Bowe sold 2,623 shares of the company’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $55.22, for a total transaction of $144,842.06. Following the completion of the sale, the chief executive officer now owns 90,653 shares in the company, valued at $5,005,858.66. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Patrick E. Bowe sold 1,338 shares of the company’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $55.12, for a total value of $73,750.56. Following the sale, the chief executive officer now owns 89,315 shares of the company’s stock, valued at approximately $4,923,042.80. The disclosure for this sale can be found here. Insiders sold 43,264 shares of company stock worth $2,401,683 over the last quarter. 5.10% of the stock is currently owned by insiders.

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.

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Institutional Ownership by Quarter for Andersons (NASDAQ:ANDE)

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