The Andersons, Inc. (NASDAQ:ANDE) Shares Sold by Strs Ohio

Strs Ohio reduced its holdings in shares of The Andersons, Inc. (NASDAQ:ANDE) by 6.6% in the 4th quarter, HoldingsChannel reports. The fund owned 15,600 shares of the basic materials company’s stock after selling 1,100 shares during the quarter. Strs Ohio’s holdings in Andersons were worth $897,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Louisiana State Employees Retirement System acquired a new position in Andersons in the fourth quarter valued at approximately $915,000. Allspring Global Investments Holdings LLC grew its position in shares of Andersons by 111.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 88,336 shares of the basic materials company’s stock valued at $5,083,000 after buying an additional 46,587 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in Andersons during the 4th quarter worth $110,000. Mirae Asset Global Investments Co. Ltd. lifted its position in Andersons by 2.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,686 shares of the basic materials company’s stock valued at $845,000 after acquiring an additional 329 shares during the last quarter. Finally, Ritholtz Wealth Management boosted its stake in Andersons by 35.0% in the fourth quarter. Ritholtz Wealth Management now owns 16,713 shares of the basic materials company’s stock valued at $962,000 after acquiring an additional 4,337 shares in the last quarter. Hedge funds and other institutional investors own 87.06% of the company’s stock.

Andersons Trading Down 5.0 %

NASDAQ ANDE opened at $57.38 on Thursday. The firm’s fifty day moving average is $55.71 and its two-hundred day moving average is $53.60. The Andersons, Inc. has a one year low of $35.69 and a one year high of $61.46. 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 firm has a market cap of $1.95 billion, a PE ratio of 19.52 and a beta of 0.68.

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

Andersons Dividend Announcement

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

Insider Activity at Andersons

In other Andersons news, Director Michael J. Anderson sold 3,000 shares of the company’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $59.00, for a total transaction of $177,000.00. Following the completion of the transaction, the director now owns 209,968 shares in the company, valued at approximately $12,388,112. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other 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 value of $144,842.06. Following the sale, the chief executive officer now directly owns 90,653 shares in the company, valued at $5,005,858.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael J. Anderson sold 3,000 shares of Andersons stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $59.00, for a total value of $177,000.00. Following the sale, the director now owns 209,968 shares of the company’s stock, valued at approximately $12,388,112. The disclosure for this sale can be found here. Insiders have sold a total of 45,245 shares of company stock worth $2,534,099 in the last three months. Insiders own 5.10% of the company’s stock.

Analyst Upgrades and Downgrades

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

Andersons Company 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.