The Andersons, Inc. (NASDAQ:ANDE) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC boosted its holdings in shares of The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 111.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 88,336 shares of the basic materials company's stock after buying an additional 46,587 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.26% of Andersons worth $5,083,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. grew its stake in shares of Andersons by 2.2% during the 1st quarter. BlackRock Inc. now owns 5,650,640 shares of the basic materials company's stock worth $283,999,000 after purchasing an additional 120,906 shares during the period. Vanguard Group Inc. grew its stake in Andersons by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 3,971,447 shares of the basic materials company's stock valued at $204,569,000 after acquiring an additional 47,494 shares during the period. Pacer Advisors Inc. grew its stake in Andersons by 64.5% in the 4th quarter. Pacer Advisors Inc. now owns 2,314,734 shares of the basic materials company's stock valued at $133,190,000 after acquiring an additional 907,734 shares during the period. State Street Corp grew its stake in Andersons by 1.2% in the 3rd quarter. State Street Corp now owns 1,237,728 shares of the basic materials company's stock valued at $38,629,000 after acquiring an additional 14,313 shares during the period. Finally, Invesco Ltd. grew its stake in Andersons by 35.6% in the 1st quarter. Invesco Ltd. now owns 973,451 shares of the basic materials company's stock valued at $48,926,000 after acquiring an additional 255,347 shares during the period. 87.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ANDE has been the topic of a number of 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 reissued a "buy" rating and issued a $65.00 price target on shares of Andersons in a research note on Tuesday, February 6th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $62.50.

Insider Transactions at Andersons

In other news, CEO Patrick E. Bowe sold 1,338 shares of Andersons stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $55.12, for a total transaction of $73,750.56. Following the transaction, the chief executive officer now owns 89,315 shares in the company, valued at approximately $4,923,042.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Patrick E. Bowe sold 34,597 shares of the business's stock in a transaction dated 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 sale, the chief executive officer now directly owns 83,515 shares in the company, valued at approximately $4,631,741.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Patrick E. Bowe sold 1,338 shares of the business's stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $55.12, for a total transaction of $73,750.56. Following the completion of the sale, the chief executive officer now owns 89,315 shares in the company, valued at $4,923,042.80. The disclosure for this sale can be found here. Insiders have sold a total of 38,858 shares of company stock worth $2,153,845 in the last quarter. Company insiders own 5.10% of the company's stock.

Andersons Price Performance

ANDE traded up $1.83 on Friday, hitting $58.23. 175,033 shares of the company's stock were exchanged, compared to its average volume of 182,048. The Andersons, Inc. has a fifty-two week low of $35.69 and a fifty-two week high of $58.84. The company has a current ratio of 1.72, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37. The firm has a 50-day moving average price of $55.34 and a 200-day moving average price of $53.39. The stock has a market cap of $1.98 billion, a price-to-earnings ratio of 19.81 and a beta of 0.68.

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

Andersons Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 22nd. Stockholders of record on Monday, April 1st will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $0.76 annualized dividend and a dividend yield of 1.31%. Andersons's dividend payout ratio is presently 25.85%.

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.