Maryland State Retirement & Pension System Reduces Stock Position in The Andersons, Inc. (NASDAQ:ANDE)

Maryland State Retirement & Pension System trimmed its position in The Andersons, Inc. (NASDAQ:ANDEFree Report) by 2.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,347 shares of the basic materials company’s stock after selling 252 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Andersons were worth $646,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of ANDE. Allspring Global Investments Holdings LLC raised its position in Andersons by 5.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 93,501 shares of the basic materials company’s stock worth $5,364,000 after buying an additional 5,165 shares during the last quarter. GAMMA Investing LLC lifted its position in Andersons by 65.8% during the first quarter. GAMMA Investing LLC now owns 524 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 208 shares during the period. Creekmur Asset Management LLC purchased a new stake in Andersons in the fourth quarter valued at $41,000. Goldman Sachs Group Inc. grew its position in Andersons by 11.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 349,172 shares of the basic materials company’s stock worth $20,091,000 after purchasing an additional 36,146 shares during the period. Finally, Oracle Alpha Inc. purchased a new position in shares of Andersons during the 4th quarter valued at about $353,000. Institutional investors and hedge funds own 87.06% of the company’s stock.

Andersons Trading Down 2.1 %

Shares of Andersons stock opened at $47.61 on Friday. The Andersons, Inc. has a fifty-two week low of $44.85 and a fifty-two 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 has a market cap of $1.62 billion, a P/E ratio of 13.45 and a beta of 0.61. The firm has a 50-day simple moving average of $51.24 and a two-hundred day simple moving average of $53.64.

Andersons (NASDAQ:ANDEGet Free Report) last released its quarterly earnings results on Tuesday, May 7th. The basic materials company reported $0.16 earnings per share for the quarter. The company had revenue of $2.72 billion during the quarter. Andersons had a return on equity of 7.93% and a net margin of 0.89%.

Andersons Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 22nd. Investors of record on Monday, July 1st will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend is Monday, July 1st. Andersons’s payout ratio is presently 21.47%.

Analyst Ratings Changes

Separately, StockNews.com downgraded Andersons from a “buy” rating to a “hold” rating in a research note on Thursday, May 9th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $62.50.

Get Our Latest Analysis on ANDE

Insiders Place Their Bets

In other news, Director Michael J. Anderson sold 3,000 shares of Andersons stock in a transaction dated Monday, April 22nd. The shares were 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 in the company, valued at $12,388,112. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Andersons news, Director Michael J. Anderson sold 3,000 shares of the stock in a transaction that occurred on Monday, April 22nd. The stock was 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 of the company’s stock, valued at $12,388,112. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 value of $203,253.87. Following the completion of the sale, the chief executive officer now directly owns 85,159 shares in the company, valued at $5,110,391.59. The disclosure for this sale can be found here. 5.10% of the stock is currently owned by company insiders.

Andersons Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Andersons (NASDAQ:ANDE)

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