The Andersons, Inc. (NASDAQ:ANDE) Position Lowered by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund decreased its stake in shares of The Andersons, Inc. (NASDAQ:ANDE) by 2.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 17,952 shares of the basic materials company’s stock after selling 403 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Andersons were worth $1,033,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. C M Bidwell & Associates Ltd. bought a new position in Andersons in the third quarter worth about $33,000. Mitsubishi UFJ Trust & Banking Corp bought a new position in Andersons in the third quarter worth about $107,000. Meeder Asset Management Inc. bought a new position in Andersons in the fourth quarter worth about $110,000. Mackenzie Financial Corp bought a new position in Andersons in the fourth quarter worth about $215,000. Finally, Nomura Holdings Inc. bought a new position in Andersons in the third quarter worth about $216,000. Institutional investors own 87.06% of the company’s stock.

Andersons Stock Performance

ANDE opened at $56.91 on Monday. The business’s 50 day moving average is $55.80 and its 200-day moving average is $53.69. The stock has a market cap of $1.94 billion, a PE ratio of 19.36 and a beta of 0.68. The company has a current ratio of 1.72, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37. The Andersons, Inc. has a twelve month low of $35.69 and a twelve month high of $61.46.

Andersons (NASDAQ:ANDE) last released its quarterly earnings results on Wednesday, February 21st. The basic materials company reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.48. Andersons had a return on equity of 8.19% and a net margin of 0.69%. The company 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 company posted $0.98 earnings per share. The business’s revenue for the quarter was down 31.3% compared to the same quarter last year. On average, analysts predict that The Andersons, Inc. will post 2.54 earnings per share for the current year.

Andersons Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts have issued reports on ANDE shares. 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 target price on shares of Andersons in a report on Tuesday, February 6th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $62.50.

Insider Activity at Andersons

In other Andersons news, Director Michael J. Anderson sold 3,000 shares of Andersons stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $59.00, for a total value of $177,000.00. Following the transaction, the director now owns 209,968 shares in the company, valued at $12,388,112. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Andersons news, Director Michael J. Anderson sold 3,000 shares of Andersons stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $59.00, for a total value of $177,000.00. Following the transaction, the director now owns 209,968 shares in the company, valued at $12,388,112. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Patrick E. Bowe sold 3,387 shares of Andersons stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $60.01, for a total transaction of $203,253.87. Following the completion of the transaction, the chief executive officer now owns 85,159 shares in the company, valued at approximately $5,110,391.59. The disclosure for this sale can be found here. Insiders have sold 45,245 shares of company stock worth $2,534,099 over the last quarter. 5.10% of the stock is currently owned by company insiders.

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.