Zurcher Kantonalbank Zurich Cantonalbank Has $426,000 Stake in The Andersons, Inc. (NASDAQ:ANDE)

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of The Andersons, Inc. (NASDAQ:ANDE) by 29.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 7,407 shares of the basic materials company’s stock after purchasing an additional 1,707 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Andersons were worth $426,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its position in Andersons by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 3,971,447 shares of the basic materials company’s stock valued at $204,569,000 after buying an additional 47,494 shares during the last quarter. Pacer Advisors Inc. raised its position in Andersons by 64.5% in the 4th 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. Charles Schwab Investment Management Inc. raised its position in Andersons by 3.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 665,451 shares of the basic materials company’s stock valued at $34,277,000 after buying an additional 21,895 shares during the last quarter. American Century Companies Inc. raised its position in Andersons by 68.2% in the 3rd quarter. American Century Companies Inc. now owns 412,868 shares of the basic materials company’s stock valued at $21,267,000 after buying an additional 167,473 shares during the last quarter. Finally, Loomis Sayles & Co. L P raised its position in Andersons by 0.4% in the 3rd quarter. Loomis Sayles & Co. L P now owns 315,356 shares of the basic materials company’s stock valued at $16,244,000 after buying an additional 1,221 shares during the last quarter. 87.06% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Andersons

In other news, CEO Patrick E. Bowe sold 3,387 shares of the stock in a transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Patrick E. Bowe sold 3,387 shares of the stock in a transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 value 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. In the last 90 days, insiders sold 45,245 shares of company stock worth $2,534,099. 5.10% of the stock is owned by company insiders.

Andersons Stock Up 0.9 %

Shares of NASDAQ:ANDE opened at $56.51 on Friday. The company has a market capitalization of $1.92 billion, a PE ratio of 19.22 and a beta of 0.69. 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 business has a fifty day moving average price of $55.95 and a two-hundred day moving average price of $53.79. The Andersons, Inc. has a 1 year low of $35.69 and a 1 year high of $61.46.

Andersons (NASDAQ:ANDE) last announced its quarterly earnings data on Wednesday, February 21st. The basic materials company reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 8.19% and a net margin of 0.69%. The business’s revenue for the quarter was down 31.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.98 EPS. Analysts forecast that The Andersons, Inc. will post 2.54 earnings per share for the current year.

Andersons Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Stockholders 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 annualized dividend and a dividend yield of 1.34%. Andersons’s payout ratio is 25.85%.

Wall Street Analyst Weigh In

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

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.