210,891 Shares in The Andersons, Inc. (NASDAQ:ANDE) Purchased by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC bought a new position in The Andersons, Inc. (NASDAQ:ANDE - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 210,891 shares of the basic materials company's stock, valued at approximately $8,545,000. Cubist Systematic Strategies LLC owned 0.62% of Andersons as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ANDE. Peoples Bank KS grew its position 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 worth $28,000 after buying an additional 500 shares during the last quarter. KBC Group NV raised 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 buying an additional 643 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in 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 acquiring an additional 412 shares during the period. Walleye Capital LLC purchased a new stake in shares of Andersons in the 4th quarter valued at $213,000. Finally, Arete Wealth Advisors LLC increased its stake in shares of Andersons by 9.4% in the fourth quarter. Arete Wealth Advisors LLC now owns 6,710 shares of the basic materials company's stock worth $272,000 after acquiring an additional 579 shares during the period. Institutional investors own 87.06% of the company's stock.

Andersons Price Performance

Shares of ANDE stock traded up $0.24 during mid-day trading on Friday, hitting $34.65. 348,570 shares of the stock were exchanged, compared to its average volume of 253,570. 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 Andersons, Inc. has a 52-week low of $31.03 and a 52-week high of $55.52. The firm has a fifty day moving average of $39.67 and a 200 day moving average of $42.48. The company has a market cap of $1.18 billion, a PE ratio of 10.44 and a beta of 0.73.

Andersons (NASDAQ:ANDE - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The basic materials company reported $0.12 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.20. The company had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.85 billion. Andersons had a return on equity of 7.59% and a net margin of 1.01%. Andersons's quarterly revenue was down 2.3% compared to the same quarter last year. During the same period last year, the company earned $0.16 earnings per share. Research analysts anticipate that The Andersons, Inc. will post 3.11 earnings per share for the current year.

Andersons Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 1st were issued a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a yield of 2.25%. The ex-dividend date was Tuesday, April 1st. Andersons's payout ratio is 24.61%.

Analyst Ratings Changes

ANDE has been the topic of several recent research reports. BMO Capital Markets assumed coverage on shares of Andersons in a report on Tuesday, May 6th. They issued a "market perform" rating and a $45.00 price target on the stock. Stephens reissued an "overweight" rating and issued a $55.00 price objective on shares of Andersons in a report on Wednesday, February 19th. Lake Street Capital dropped their target price on Andersons from $70.00 to $55.00 and set a "buy" rating on the stock in a report on Thursday. Finally, StockNews.com raised Andersons from a "hold" rating to a "buy" rating in a report on Wednesday.

Insider Activity

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 value 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 4.30% of the company's stock.

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.