The Andersons, Inc. (NASDAQ:ANDE) Position Lessened by LSV Asset Management

LSV Asset Management decreased its position in The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 63.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 27,500 shares of the basic materials company's stock after selling 47,300 shares during the period. LSV Asset Management owned approximately 0.08% of Andersons worth $1,114,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. State Street Corp grew its holdings in Andersons by 2.2% in the 3rd quarter. State Street Corp now owns 1,337,344 shares of the basic materials company's stock worth $67,054,000 after buying an additional 28,773 shares in the last quarter. American Century Companies Inc. boosted its position in 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 acquiring an additional 84,133 shares during the period. Geode Capital Management LLC grew its stake in shares of Andersons by 1.9% in the third quarter. Geode Capital Management LLC now owns 785,139 shares of the basic materials company's stock worth $39,374,000 after purchasing an additional 14,634 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of 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 valued at $30,456,000 after purchasing an additional 99,045 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in shares of Andersons by 10.6% during the fourth quarter. JPMorgan Chase & Co. now owns 397,691 shares of the basic materials company's stock valued at $16,114,000 after purchasing an additional 38,020 shares during the period. Institutional investors and hedge funds own 87.06% of the company's stock.

Andersons Price Performance

Shares of ANDE stock traded up $0.59 during mid-day trading on Friday, hitting $38.12. 201,931 shares of the stock traded hands, compared to its average volume of 246,316. The Andersons, Inc. has a twelve month low of $35.88 and a twelve month high of $61.46. 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 company's 50-day simple moving average is $41.52 and its 200-day simple moving average is $43.68. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 11.48 and a beta of 0.55.

Andersons (NASDAQ:ANDE - Get Free Report) last released its earnings results on Tuesday, February 18th. The basic materials company reported $1.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.02 by $0.34. Andersons had a return on equity of 7.59% and a net margin of 1.01%. The firm had revenue of $3.12 billion for the quarter, compared to analyst estimates of $2.72 billion. As a group, equities research analysts expect that The Andersons, Inc. will post 3.11 earnings per share for the current year.

Andersons Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Tuesday, April 1st will be paid a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a yield of 2.05%. The ex-dividend date is Tuesday, April 1st. Andersons's dividend payout ratio is presently 23.49%.

Analyst Ratings Changes

ANDE has been the subject of a number of recent analyst reports. StockNews.com lowered shares of Andersons from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Stephens reaffirmed an "overweight" rating and issued a $55.00 price target on shares of Andersons in a research note on Wednesday, February 19th.

Insider Buying and Selling

In other news, VP Weston Heide sold 800 shares of the business's stock in a transaction 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 sale, the vice president now directly owns 16,104 shares of the company's stock, valued at $772,992. The trade was a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.30% of the stock is currently owned by insiders.

About Andersons

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.