The Andersons, Inc. (NASDAQ:ANDE) Shares Purchased by Bridgeway Capital Management LLC

Bridgeway Capital Management LLC lifted its stake in The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 2.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 335,739 shares of the basic materials company's stock after purchasing an additional 8,492 shares during the period. Bridgeway Capital Management LLC owned 0.99% of Andersons worth $13,604,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its holdings in 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 purchasing an additional 412 shares in the last quarter. Peoples Bank KS grew its position in Andersons by 250.0% in the fourth quarter. Peoples Bank KS now owns 700 shares of the basic materials company's stock worth $28,000 after acquiring an additional 500 shares in the last quarter. Arete Wealth Advisors LLC increased its position in shares of Andersons by 9.4% during the 4th quarter. Arete Wealth Advisors LLC now owns 6,710 shares of the basic materials company's stock valued at $272,000 after purchasing an additional 579 shares during the last quarter. KBC Group NV grew its holdings in 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 during the last quarter. Finally, Sterling Capital Management LLC boosted its holdings in Andersons by 9.0% during the 4th quarter. Sterling Capital Management LLC now owns 9,912 shares of the basic materials company's stock valued at $402,000 after acquiring an additional 819 shares during the period. 87.06% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Andersons

In other Andersons 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 transaction of $38,400.00. Following the transaction, the vice president now 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 document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 4.30% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. StockNews.com raised Andersons from a "hold" rating to a "buy" rating in a research note on Wednesday. BMO Capital Markets began coverage on Andersons in a research report on Tuesday, May 6th. They set a "market perform" rating and a $45.00 price target on the stock. Lake Street Capital lowered their price objective on shares of Andersons from $70.00 to $55.00 and set a "buy" rating for the company in a research note on Thursday. Finally, Stephens reissued an "overweight" rating and issued a $55.00 price objective on shares of Andersons in a report on Wednesday, February 19th.

Andersons Stock Performance

Shares of ANDE stock traded up $0.24 on Friday, hitting $34.65. The company had a trading volume of 348,570 shares, compared to its average volume of 253,570. The Andersons, Inc. has a twelve month low of $31.03 and a twelve month high of $55.52. The company has a quick ratio of 0.90, a current ratio of 1.65 and a debt-to-equity ratio of 0.38. The firm has a market cap of $1.18 billion, a P/E ratio of 10.44 and a beta of 0.73. The company has a 50-day moving average price of $39.67 and a 200-day moving average price of $42.48.

Andersons (NASDAQ:ANDE - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The basic materials company reported $0.12 EPS for the quarter, topping the consensus estimate of ($0.08) by $0.20. Andersons had a return on equity of 7.59% and a net margin of 1.01%. The business had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.85 billion. During the same quarter in the prior year, the firm posted $0.16 EPS. The business's quarterly revenue was down 2.3% compared to the same quarter last year. As a group, equities research analysts predict that The Andersons, Inc. will post 3.11 earnings per share for the current fiscal year.

Andersons Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 1st were given a $0.195 dividend. The ex-dividend date was Tuesday, April 1st. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.25%. Andersons's dividend payout ratio (DPR) is currently 24.61%.

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.