Spire Wealth Management Has $35,000 Position in The Andersons, Inc. (NASDAQ:ANDE)

Spire Wealth Management reduced its stake in The Andersons, Inc. (NASDAQ:ANDE) by 63.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 655 shares of the basic materials company’s stock after selling 1,160 shares during the period. Spire Wealth Management’s holdings in Andersons were worth $35,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Pacer Advisors Inc. boosted its position in Andersons by 64.5% during the 4th quarter. Pacer Advisors Inc. now owns 2,314,734 shares of the basic materials company’s stock worth $133,190,000 after buying an additional 907,734 shares during the period. American Century Companies Inc. boosted its position in Andersons by 68.2% during the 3rd quarter. American Century Companies Inc. now owns 412,868 shares of the basic materials company’s stock worth $21,267,000 after buying an additional 167,473 shares during the period. Panagora Asset Management Inc. boosted its position in Andersons by 54.0% during the 3rd quarter. Panagora Asset Management Inc. now owns 143,178 shares of the basic materials company’s stock worth $7,375,000 after buying an additional 50,216 shares during the period. Vanguard Group Inc. boosted its position in Andersons by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 3,971,447 shares of the basic materials company’s stock worth $204,569,000 after buying an additional 47,494 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its position in Andersons by 111.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 88,336 shares of the basic materials company’s stock worth $5,083,000 after buying an additional 46,587 shares during the period. 87.06% of the stock is currently owned by institutional investors and hedge funds.

Andersons Stock Up 0.7 %

Shares of NASDAQ ANDE opened at $52.39 on Wednesday. The company has a market capitalization of $1.78 billion, a P/E ratio of 14.80 and a beta of 0.69. The Andersons, Inc. has a 52-week low of $37.08 and a 52-week high of $61.46. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.13 and a current ratio of 2.04. The company’s 50 day moving average price is $55.91 and its 200-day moving average price is $54.04.

Andersons (NASDAQ:ANDE) last issued its quarterly earnings results on Thursday, May 9th. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.07). The firm had revenue of $2.72 billion during the quarter, compared to analyst estimates of $3.46 billion. Andersons had a return on equity of 7.93% and a net margin of 0.89%. The firm’s revenue for the quarter was down 30.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.20 EPS. Equities analysts forecast that The Andersons, Inc. will post 2.54 earnings per share for the current year.

Andersons Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Monday, April 1st were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.45%. Andersons’s payout ratio is presently 21.47%.

Insider Activity at Andersons

In related news, CEO Patrick E. Bowe sold 3,387 shares of the business’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $60.01, for a total transaction of $203,253.87. Following 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 Andersons news, CEO Patrick E. Bowe sold 2,623 shares of the company’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $55.22, for a total transaction of $144,842.06. Following the transaction, the chief executive officer now owns 90,653 shares in the company, valued at $5,005,858.66. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Patrick E. Bowe sold 3,387 shares of the company’s 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 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 in the last quarter. Company insiders own 5.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Roth Capital reiterated a “buy” rating and set a $65.00 target price on shares of Andersons in a research report on Tuesday, February 6th. StockNews.com downgraded shares of Andersons from a “buy” rating to a “hold” rating in a research report on Thursday, May 9th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Andersons has a consensus rating of “Moderate Buy” and a consensus target price 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.