Vanguard Group Inc. Acquires 47,494 Shares of The Andersons, Inc. (NASDAQ:ANDE)

Vanguard Group Inc. increased its holdings in shares of The Andersons, Inc. (NASDAQ:ANDEFree Report) by 1.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,971,447 shares of the basic materials company’s stock after buying an additional 47,494 shares during the period. Vanguard Group Inc. owned 0.12% of Andersons worth $204,569,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Investors Research Corp raised its stake in shares of Andersons by 0.7% during the second quarter. Investors Research Corp now owns 27,370 shares of the basic materials company’s stock worth $1,263,000 after buying an additional 200 shares during the last quarter. Ameritas Investment Partners Inc. raised its stake in shares of Andersons by 9.4% during the second quarter. Ameritas Investment Partners Inc. now owns 2,660 shares of the basic materials company’s stock worth $123,000 after buying an additional 228 shares during the last quarter. HBK Sorce Advisory LLC raised its stake in shares of Andersons by 4.6% during the first quarter. HBK Sorce Advisory LLC now owns 6,130 shares of the basic materials company’s stock worth $380,000 after buying an additional 272 shares during the last quarter. Corton Capital Inc. raised its stake in shares of Andersons by 2.3% during the third quarter. Corton Capital Inc. now owns 12,329 shares of the basic materials company’s stock worth $635,000 after buying an additional 283 shares during the last quarter. Finally, Retirement Guys Formula LLC raised its stake in shares of Andersons by 2.7% during the third quarter. Retirement Guys Formula LLC now owns 11,478 shares of the basic materials company’s stock worth $591,000 after buying an additional 298 shares during the last quarter. 87.06% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Patrick E. Bowe sold 1,338 shares of the company’s stock in a transaction that occurred 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 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 filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Patrick E. Bowe sold 2,623 shares of the stock in a transaction on Friday, March 8th. The shares were sold at an average price of $55.22, for a total transaction of $144,842.06. Following the completion of the transaction, the chief executive officer now owns 90,653 shares in the company, valued at $5,005,858.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Patrick E. Bowe sold 1,338 shares of the stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $55.12, for a total transaction of $73,750.56. Following the transaction, 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 company insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Roth Capital reissued a “buy” rating and set a $65.00 price target on shares of Andersons in a research note on Tuesday, February 6th. StockNews.com raised shares of Andersons from a “hold” rating to a “buy” rating in a research note on Thursday, January 11th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $62.50.

View Our Latest Analysis on Andersons

Andersons Stock Up 0.4 %

Shares of NASDAQ:ANDE opened at $57.37 on Friday. The Andersons, Inc. has a 52 week low of $35.69 and a 52 week high of $58.84. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.00 and a current ratio of 1.72. The company has a market capitalization of $1.95 billion, a PE ratio of 19.51 and a beta of 0.67. The company has a 50 day moving average price of $53.88 and a two-hundred day moving average price of $52.76.

Andersons (NASDAQ:ANDEGet Free Report) last issued its earnings results on Wednesday, February 21st. The basic materials company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.11 by $0.48. The firm had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $4.26 billion. Andersons had a net margin of 0.69% and a return on equity of 8.19%. The business’s quarterly revenue was down 31.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.98 earnings per share. Analysts forecast that The Andersons, Inc. will post 2.54 earnings per share for the current year.

Andersons Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 22nd. Stockholders of record on Monday, April 1st will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend is Thursday, March 28th. Andersons’s dividend payout ratio (DPR) is presently 25.85%.

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.

Further Reading

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Institutional Ownership by Quarter for Andersons (NASDAQ:ANDE)

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