Alliancebernstein L.P. Reduces Stake in The Andersons, Inc. (NASDAQ:ANDE)

Alliancebernstein L.P. reduced its holdings in The Andersons, Inc. (NASDAQ:ANDE) by 3.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 102,039 shares of the basic materials company’s stock after selling 3,109 shares during the quarter. Alliancebernstein L.P. owned about 0.30% of Andersons worth $4,135,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in ANDE. Peoples Bank KS boosted its holdings in Andersons by 250.0% in the fourth quarter. Peoples Bank KS now owns 700 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 500 shares in the last quarter. KBC Group NV boosted its stake in shares of Andersons by 70.3% during the 4th quarter. KBC Group NV now owns 1,558 shares of the basic materials company’s stock valued at $63,000 after purchasing an additional 643 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Andersons by 16.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,866 shares of the basic materials company’s stock valued at $116,000 after buying an additional 412 shares during the period. EntryPoint Capital LLC purchased a new position in shares of Andersons during the fourth quarter valued at about $327,000. Finally, Quantbot Technologies LP raised its stake in Andersons by 1,319.5% in the fourth quarter. Quantbot Technologies LP now owns 10,774 shares of the basic materials company’s stock worth $437,000 after buying an additional 10,015 shares in the last quarter. 87.06% of the stock is owned by hedge funds and other institutional investors.

Andersons Price Performance

Shares of ANDE opened at $37.86 on Monday. The firm’s 50-day simple moving average is $41.80 and its two-hundred day simple moving average is $44.09. The Andersons, Inc. has a fifty-two week low of $35.88 and a fifty-two week high of $61.46. The stock has a market cap of $1.29 billion, a PE ratio of 11.40 and a beta of 0.55. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.90 and a current ratio of 1.65.

Andersons (NASDAQ:ANDE) last posted its quarterly earnings results on Tuesday, February 18th. The basic materials company reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.34. The company had revenue of $3.12 billion for the quarter, compared to the consensus estimate of $2.72 billion. Andersons had a return on equity of 7.59% and a net margin of 1.01%. Analysts anticipate that The Andersons, Inc. will post 3.11 earnings per share for the current fiscal year.

Andersons Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Tuesday, April 1st will be paid a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date is Tuesday, April 1st. Andersons’s payout ratio is 23.49%.

Insider Buying and Selling at Andersons

In other news, VP Weston Heide sold 800 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $48.00, for a total transaction of $38,400.00. Following the sale, the vice president now owns 16,104 shares in the company, valued at $772,992. This represents a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 4.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. StockNews.com lowered Andersons from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Stephens reissued an “overweight” rating and set a $55.00 price objective on shares of Andersons in a research report on Wednesday, February 19th.

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.