Legal & General Group Plc Has $3.71 Million Stock Holdings in The Andersons, Inc. (NASDAQ:ANDE)

Legal & General Group Plc decreased its stake in The Andersons, Inc. (NASDAQ:ANDE) by 0.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,464 shares of the basic materials company’s stock after selling 510 shares during the period. Legal & General Group Plc owned 0.27% of Andersons worth $3,706,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. American Century Companies Inc. increased its position in shares of Andersons by 7.8% during the 4th quarter. American Century Companies Inc. now owns 1,166,781 shares of the basic materials company’s stock worth $47,278,000 after purchasing an additional 84,133 shares during the last quarter. Geode Capital Management LLC increased its holdings in Andersons by 1.9% during the third quarter. Geode Capital Management LLC now owns 785,139 shares of the basic materials company’s stock worth $39,374,000 after buying an additional 14,634 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Andersons by 15.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 751,624 shares of the basic materials company’s stock worth $30,456,000 after acquiring an additional 99,045 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Andersons by 10.6% in the fourth quarter. JPMorgan Chase & Co. now owns 397,691 shares of the basic materials company’s stock valued at $16,114,000 after acquiring an additional 38,020 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Andersons by 14.2% in the 4th quarter. Bank of New York Mellon Corp now owns 353,271 shares of the basic materials company’s stock valued at $14,315,000 after acquiring an additional 44,022 shares during the period. Institutional investors and hedge funds own 87.06% of the company’s stock.

Insiders Place Their Bets

In related news, VP Weston Heide sold 800 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $48.00, for a total transaction of $38,400.00. Following the transaction, the vice president now directly owns 16,104 shares of the company’s stock, valued at approximately $772,992. This trade represents a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 4.30% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. StockNews.com cut shares of Andersons from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Stephens reaffirmed an “overweight” rating and issued a $55.00 price objective on shares of Andersons in a research report on Wednesday, February 19th.

Andersons Price Performance

NASDAQ:ANDE opened at $37.88 on Wednesday. The firm’s fifty day moving average price is $41.40 and its two-hundred day moving average price is $43.55. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.65 and a quick ratio of 0.90. The company has a market cap of $1.30 billion, a P/E ratio of 11.41 and a beta of 0.55. The Andersons, Inc. has a one year low of $35.88 and a one year high of $61.46.

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

Andersons Announces Dividend

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

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.