Hussman Strategic Advisors Inc. Cuts Stake in The Andersons, Inc. (NASDAQ:ANDE)

Hussman Strategic Advisors Inc. reduced its position in shares of The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 54.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,000 shares of the basic materials company's stock after selling 25,500 shares during the period. Hussman Strategic Advisors Inc. owned 0.06% of Andersons worth $1,208,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Ritholtz Wealth Management bought a new stake in Andersons in the third quarter worth about $637,000. SG Americas Securities LLC bought a new stake in Andersons in the third quarter worth about $910,000. Bfsg LLC bought a new stake in Andersons in the third quarter worth about $303,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Andersons by 31.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,700 shares of the basic materials company's stock worth $294,000 after acquiring an additional 1,363 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in Andersons by 2.4% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,357 shares of the basic materials company's stock worth $740,000 after acquiring an additional 335 shares during the period. 87.06% of the stock is owned by institutional investors.

Andersons Stock Performance

Shares of NASDAQ ANDE traded up $0.72 during midday trading on Monday, hitting $58.95. The company's stock had a trading volume of 238,540 shares, compared to its average volume of 182,781. The stock has a fifty day moving average price of $55.44 and a 200 day moving average price of $53.50. The Andersons, Inc. has a one year low of $35.69 and a one year high of $60.18. 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 market capitalization of $2.01 billion, a price-to-earnings ratio of 20.05 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 earnings per share (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 company 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 posted $0.98 earnings per share. The company's quarterly revenue was down 31.3% compared to the same quarter last year. On average, research analysts forecast that The Andersons, Inc. will post 2.54 EPS for the current fiscal year.

Andersons Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 22nd. Investors of record on Monday, April 1st will be paid a dividend of $0.19 per share. The ex-dividend date is Thursday, March 28th. This represents a $0.76 annualized dividend and a yield of 1.29%. Andersons's dividend payout ratio is currently 25.85%.

Insider Activity at Andersons

In related news, CEO Patrick E. Bowe sold 2,623 shares of the business's stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $55.22, for a total transaction of $144,842.06. Following the completion of the transaction, the chief executive officer now owns 90,653 shares of the company's stock, valued at $5,005,858.66. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CEO Patrick E. Bowe sold 2,623 shares of the business's stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $55.22, for a total transaction of $144,842.06. Following the completion of the transaction, the chief executive officer now owns 90,653 shares of the company's stock, valued at $5,005,858.66. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Patrick E. Bowe sold 1,338 shares of the business'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 transaction, the chief executive officer now directly owns 89,315 shares of the company's stock, valued at approximately $4,923,042.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 38,858 shares of company stock valued at $2,153,845. Corporate insiders own 5.10% of the company's stock.

Analysts Set New Price Targets

Several brokerages have commented on ANDE. StockNews.com raised shares of Andersons from a "hold" rating to a "buy" rating in a research report on Thursday, January 11th. Roth Capital reissued a "buy" rating and issued a $65.00 price target on shares of Andersons in a research report on Tuesday, February 6th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $62.50.

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.