Barclays PLC increased its position in shares of The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 93.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 105,309 shares of the basic materials company's stock after purchasing an additional 50,951 shares during the quarter. Barclays PLC owned 0.31% of Andersons worth $4,268,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of ANDE. Peoples Bank KS boosted its holdings in shares of Andersons by 250.0% in the 4th 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 during the last quarter. KBC Group NV grew its position in Andersons by 70.3% during the 4th quarter. KBC Group NV now owns 1,558 shares of the basic materials company's stock worth $63,000 after purchasing an additional 643 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Andersons by 16.8% during the 4th 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 last quarter. Arete Wealth Advisors LLC lifted its holdings in shares of Andersons by 9.4% in the 4th quarter. Arete Wealth Advisors LLC now owns 6,710 shares of the basic materials company's stock valued at $272,000 after buying an additional 579 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Andersons in the fourth quarter worth about $280,000. Hedge funds and other institutional investors own 87.06% of the company's stock.
Andersons Price Performance
Shares of Andersons stock traded up $0.09 on Friday, hitting $37.42. The company's stock had a trading volume of 24,233 shares, compared to its average volume of 245,831. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of 11.28 and a beta of 0.55. The firm has a fifty day moving average price of $40.58 and a 200-day moving average price of $43.04. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.90 and a current ratio of 1.65. The Andersons, Inc. has a 1 year low of $35.88 and a 1 year high of $57.39.
Andersons (NASDAQ:ANDE - Get Free Report) last announced its 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 business had revenue of $3.12 billion during 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%. As a group, sell-side analysts anticipate that The Andersons, Inc. will post 3.11 earnings per share for the current fiscal year.
Andersons Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 1st were paid a $0.195 dividend. This represents a $0.78 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend was Tuesday, April 1st. Andersons's dividend payout ratio is currently 23.49%.
Analysts Set New Price Targets
A number of brokerages have issued reports on ANDE. Stephens reissued an "overweight" rating and issued a $55.00 price target on shares of Andersons in a report on Wednesday, February 19th. StockNews.com downgraded shares of Andersons from a "buy" rating to a "hold" rating in a report on Thursday, February 20th.
Check Out Our Latest Report on ANDE
Insider Buying and Selling
In related news, VP Weston Heide sold 800 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $48.00, for a total value of $38,400.00. Following the completion of the transaction, the vice president now directly owns 16,104 shares in the company, valued at approximately $772,992. This represents a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 4.30% of the stock is currently owned by company insiders.
About Andersons
(
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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