Raymond James Financial Services Advisors Inc. Sells 1,456 Shares of The Andersons, Inc. (NASDAQ:ANDE)

Raymond James Financial Services Advisors Inc. lowered its position in The Andersons, Inc. (NASDAQ:ANDE) by 11.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,839 shares of the basic materials company’s stock after selling 1,456 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Andersons were worth $624,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of ANDE. Millennium Management LLC raised its stake in shares of Andersons by 822.0% in the second quarter. Millennium Management LLC now owns 502,720 shares of the basic materials company’s stock valued at $16,585,000 after acquiring an additional 448,195 shares during the last quarter. Invesco Ltd. raised its stake in shares of Andersons by 35.6% in the first quarter. Invesco Ltd. now owns 973,451 shares of the basic materials company’s stock valued at $48,926,000 after acquiring an additional 255,347 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Andersons by 68.2% in the third quarter. American Century Companies Inc. now owns 412,868 shares of the basic materials company’s stock valued at $21,267,000 after acquiring an additional 167,473 shares during the last quarter. Loomis Sayles & Co. L P bought a new position in shares of Andersons in the first quarter valued at approximately $7,076,000. Finally, BlackRock Inc. raised its stake in shares of Andersons by 2.2% in the first quarter. BlackRock Inc. now owns 5,650,640 shares of the basic materials company’s stock valued at $283,999,000 after acquiring an additional 120,906 shares during the last quarter. Institutional investors own 87.06% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on ANDE. StockNews.com raised shares of Andersons from a “hold” rating to a “buy” rating in a report on Thursday, January 11th. Roth Capital reissued a “buy” rating and issued a $65.00 price target on shares of Andersons in a report on Tuesday, February 6th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $62.50.

Insiders Place Their Bets

In other Andersons news, CEO Patrick E. Bowe sold 1,338 shares of Andersons stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $55.12, for a total transaction of $73,750.56. Following the completion of the sale, the chief executive officer now owns 89,315 shares of the company’s stock, valued at approximately $4,923,042.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Patrick E. Bowe sold 34,597 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $55.46, for a total value of $1,918,749.62. Following the sale, the chief executive officer now directly owns 83,515 shares of the company’s stock, valued at approximately $4,631,741.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Patrick E. Bowe sold 1,338 shares of the business’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $55.12, for a total transaction of $73,750.56. Following the completion of the sale, the chief executive officer now directly owns 89,315 shares in the company, valued at $4,923,042.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,858 shares of company stock valued at $2,153,845. Company insiders own 5.10% of the company’s stock.

Andersons Stock Performance

Shares of Andersons stock opened at $56.68 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.72 and a quick ratio of 1.00. The firm has a market cap of $1.93 billion, a P/E ratio of 19.28 and a beta of 0.68. The firm has a 50 day simple moving average of $55.14 and a 200 day simple moving average of $53.32. The Andersons, Inc. has a fifty-two week low of $35.69 and a fifty-two week high of $58.84.

Andersons (NASDAQ:ANDE) last released its earnings results on Wednesday, February 21st. The basic materials company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.48. Andersons had a net margin of 0.69% and a return on equity of 8.19%. The firm had revenue of $3.21 billion during the quarter, compared to analyst estimates of $4.26 billion. During the same quarter in the previous year, the business earned $0.98 EPS. The business’s quarterly revenue was down 31.3% compared to the same quarter last year. Sell-side analysts predict that The Andersons, Inc. will post 2.54 earnings per share for the current fiscal year.

Andersons Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 22nd. Shareholders of record on Monday, April 1st will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend is Thursday, March 28th. Andersons’s dividend payout ratio is presently 25.85%.

Andersons 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.