The Andersons, Inc. (NASDAQ:ANDE) Shares Sold by Peregrine Capital Management LLC

Peregrine Capital Management LLC reduced its position in shares of The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 38.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 138,512 shares of the basic materials company's stock after selling 84,769 shares during the period. Peregrine Capital Management LLC owned 0.41% of Andersons worth $7,970,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ameritas Investment Partners Inc. increased its position in Andersons by 9.4% during the second quarter. Ameritas Investment Partners Inc. now owns 2,660 shares of the basic materials company's stock worth $123,000 after purchasing an additional 228 shares during the last quarter. HBK Sorce Advisory LLC boosted its stake in Andersons by 4.6% during the first quarter. HBK Sorce Advisory LLC now owns 6,130 shares of the basic materials company's stock worth $380,000 after buying an additional 272 shares during the period. Corton Capital Inc. boosted its stake in Andersons by 2.3% during the third quarter. Corton Capital Inc. now owns 12,329 shares of the basic materials company's stock worth $635,000 after buying an additional 283 shares during the period. Retirement Guys Formula LLC boosted its stake in Andersons by 2.7% during the third quarter. Retirement Guys Formula LLC now owns 11,478 shares of the basic materials company's stock worth $591,000 after buying an additional 298 shares during the period. Finally, Captrust Financial Advisors boosted its stake in Andersons by 10.0% during the second quarter. Captrust Financial Advisors now owns 3,343 shares of the basic materials company's stock worth $110,000 after buying an additional 304 shares during the period. 87.06% of the stock is currently owned by institutional investors and hedge funds.

Andersons Stock Down 0.1 %

Shares of NASDAQ ANDE traded down $0.04 during midday trading on Wednesday, hitting $57.30. The company's stock had a trading volume of 173,498 shares, compared to its average volume of 184,094. The business's fifty day simple moving average is $54.58 and its two-hundred day simple moving average is $53.11. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.72 and a quick ratio of 1.00. The Andersons, Inc. has a 1 year low of $35.69 and a 1 year high of $58.84. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of 19.49 and a beta of 0.68.

Andersons (NASDAQ:ANDE - Get Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The basic materials company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.11 by $0.48. Andersons had a net margin of 0.69% and a return on equity of 8.19%. The business had revenue of $3.21 billion during the quarter, compared to analyst estimates of $4.26 billion. During the same quarter last year, the firm posted $0.98 earnings per share. The business's revenue for the quarter was down 31.3% compared to the same quarter last year. On average, equities analysts predict that The Andersons, Inc. will post 2.54 EPS for the current year.

Andersons Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 22nd. Investors of record on Monday, April 1st will be paid a $0.19 dividend. The ex-dividend date is Thursday, March 28th. This represents a $0.76 dividend on an annualized basis and a yield of 1.33%. Andersons's dividend payout ratio is currently 25.85%.

Insider Buying and Selling

In related news, CEO Patrick E. Bowe sold 34,597 shares of Andersons stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $55.46, for a total value of $1,918,749.62. Following the completion of the transaction, the chief executive officer now owns 83,515 shares in the company, valued at $4,631,741.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Andersons news, CEO Patrick E. Bowe sold 1,338 shares of the firm's stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $55.12, for a total transaction of $73,750.56. Following the sale, the chief executive officer now owns 89,315 shares of the company's stock, valued at $4,923,042.80. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Patrick E. Bowe sold 34,597 shares of the firm's stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $55.46, for a total transaction of $1,918,749.62. Following the sale, the chief executive officer now directly owns 83,515 shares in the company, valued at approximately $4,631,741.90. The disclosure for this sale can be found here. Insiders sold 38,858 shares of company stock worth $2,153,845 over the last 90 days. 5.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

ANDE has been the subject of several research analyst reports. StockNews.com raised shares of Andersons from a "hold" rating to a "buy" rating in a research note on Thursday, January 11th. Roth Capital reaffirmed a "buy" rating and set a $65.00 target price on shares of Andersons in a research note on Tuesday, February 6th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $62.50.

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.