Allspring Global Investments Holdings LLC Purchases 46,587 Shares of The Andersons, Inc. (NASDAQ:ANDE)

Allspring Global Investments Holdings LLC raised its position in shares of The Andersons, Inc. (NASDAQ:ANDE) by 111.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 88,336 shares of the basic materials company’s stock after purchasing an additional 46,587 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Andersons were worth $5,083,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Pacer Advisors Inc. grew its holdings in shares of Andersons by 64.5% during the fourth quarter. Pacer Advisors Inc. now owns 2,314,734 shares of the basic materials company’s stock valued at $133,190,000 after buying an additional 907,734 shares during the last quarter. Millennium Management LLC boosted its stake in Andersons by 822.0% during the 2nd quarter. Millennium Management LLC now owns 502,720 shares of the basic materials company’s stock valued at $16,585,000 after purchasing 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 worth $48,926,000 after purchasing an additional 255,347 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Andersons by 68.2% during 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 purchasing an additional 167,473 shares in the last quarter. Finally, Loomis Sayles & Co. L P bought a new position in shares of Andersons during the first quarter valued at $7,076,000. 87.06% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Andersons

In related news, CEO Patrick E. Bowe sold 34,597 shares of Andersons stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $55.46, for a total transaction of $1,918,749.62. Following the transaction, the chief executive officer now directly owns 83,515 shares in the company, valued at $4,631,741.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Andersons news, CEO Patrick E. Bowe sold 2,623 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $55.22, for a total value of $144,842.06. Following the completion of the transaction, the chief executive officer now directly 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 is accessible through the SEC website. Also, CEO Patrick E. Bowe sold 34,597 shares of the firm’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $55.46, for a total transaction of $1,918,749.62. Following the sale, the chief executive officer now owns 83,515 shares in the company, valued at $4,631,741.90. The disclosure for this sale can be found here. Insiders sold 38,858 shares of company stock worth $2,153,845 in the last three months. Corporate insiders own 5.10% of the company’s stock.

Andersons Stock Down 0.5 %

Andersons stock opened at $56.40 on Friday. The Andersons, Inc. has a one year low of $35.69 and a one year high of $58.84. The stock has a fifty day moving average of $55.22 and a 200 day moving average of $53.34. 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 stock has a market cap of $1.92 billion, a PE ratio of 19.18 and a beta of 0.68.

Andersons (NASDAQ:ANDE) last released its quarterly 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 analyst estimates of $4.26 billion. Andersons had a net margin of 0.69% and a return on equity of 8.19%. The business’s revenue for the quarter was down 31.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.98 EPS. As a group, sell-side analysts predict that The Andersons, Inc. will post 2.54 EPS for the current 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 dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend is Thursday, March 28th. Andersons’s dividend payout ratio is presently 25.85%.

Wall Street Analyst Weigh In

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

About Andersons

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.