State of Tennessee Treasury Department lessened its stake in The Andersons, Inc. (NASDAQ:ANDE) by 9.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,973 shares of the basic materials company’s stock after selling 2,284 shares during the quarter. State of Tennessee Treasury Department owned about 0.07% of The Andersons worth $653,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of Montreal Can boosted its stake in shares of The Andersons by 1.5% during the 4th quarter. Bank of Montreal Can now owns 227,240 shares of the basic materials company’s stock valued at $7,078,000 after buying an additional 3,314 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new position in shares of The Andersons during the 3rd quarter valued at approximately $355,000. Victory Capital Management Inc. boosted its stake in shares of The Andersons by 13.1% during the 4th quarter. Victory Capital Management Inc. now owns 2,652,786 shares of the basic materials company’s stock valued at $82,634,000 after buying an additional 306,657 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of The Andersons by 0.7% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 349,347 shares of the basic materials company’s stock valued at $10,883,000 after buying an additional 2,508 shares during the last quarter. Finally, Stevens Capital Management LP purchased a new position in shares of The Andersons during the 3rd quarter valued at approximately $354,000. Hedge funds and other institutional investors own 77.71% of the company’s stock.
In other The Andersons news, VP Naran Uchur Burchinow sold 800 shares of the stock in a transaction on Wednesday, March 14th. The stock was sold at an average price of $36.05, for a total value of $28,840.00. Following the sale, the vice president now directly owns 25,463 shares of the company’s stock, valued at $917,941.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Rasesh H. Shah sold 20,000 shares of the stock in a transaction on Friday, March 9th. The stock was sold at an average price of $36.25, for a total value of $725,000.00. Following the completion of the sale, the director now directly owns 41,862 shares in the company, valued at $1,517,497.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,000 shares of company stock worth $1,143,430. Corporate insiders own 5.50% of the company’s stock.
Shares of ANDE stock traded down $0.35 on Friday, hitting $32.55. 76,240 shares of the stock traded hands, compared to its average volume of 112,807. The company has a current ratio of 1.35, a quick ratio of 0.47 and a debt-to-equity ratio of 0.51. The firm has a market cap of $926.93, a P/E ratio of 28.30 and a beta of 1.17. The Andersons, Inc. has a 1-year low of $29.60 and a 1-year high of $39.35.
The Andersons (NASDAQ:ANDE) last posted its quarterly earnings results on Wednesday, February 14th. The basic materials company reported $0.62 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.20. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $1.21 billion. The Andersons had a return on equity of 4.83% and a net margin of 1.12%. The business’s revenue was down 9.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.36 EPS. research analysts forecast that The Andersons, Inc. will post 1.94 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 23rd. Investors of record on Monday, April 2nd will be given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 2.03%. The ex-dividend date is Thursday, March 29th. The Andersons’s dividend payout ratio is currently 57.39%.
Several research firms have recently commented on ANDE. ValuEngine cut The Andersons from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. BidaskClub cut The Andersons from a “hold” rating to a “sell” rating in a research note on Tuesday, April 3rd. Finally, TheStreet raised The Andersons from a “c+” rating to a “b” rating in a research report on Wednesday, March 21st. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $34.50.
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The Andersons Company Profile
The Andersons, Inc, an agriculture company, operates in the grain, ethanol, plant nutrient, and rail sectors in the United States and internationally. The company's Grain segment operates grain elevators; stores grains; and provides grain marketing, risk management, and corn origination services to its customers and affiliated ethanol facilities.
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