17,479 Shares in The Andersons, Inc. (NASDAQ:ANDE) Acquired by Wesbanco Bank Inc.

Wesbanco Bank Inc. acquired a new position in The Andersons, Inc. (NASDAQ:ANDE - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 17,479 shares of the basic materials company's stock, valued at approximately $1,003,000. Wesbanco Bank Inc. owned 0.05% of Andersons as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SummerHaven Investment Management LLC boosted its stake in Andersons by 1.3% in the 4th quarter. SummerHaven Investment Management LLC now owns 15,650 shares of the basic materials company's stock worth $901,000 after purchasing an additional 200 shares during the period. GAMMA Investing LLC lifted its position in Andersons by 65.8% in the 1st quarter. GAMMA Investing LLC now owns 524 shares of the basic materials company's stock worth $30,000 after buying an additional 208 shares in the last quarter. Cornercap Investment Counsel Inc. lifted its position in Andersons by 1.6% in the 4th quarter. Cornercap Investment Counsel Inc. now owns 13,790 shares of the basic materials company's stock worth $793,000 after buying an additional 222 shares in the last quarter. Corton Capital Inc. lifted its position in Andersons by 2.3% in the 3rd 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 in the last quarter. Finally, Summit Place Financial Advisors LLC lifted its position in Andersons by 1.4% in the 4th quarter. Summit Place Financial Advisors LLC now owns 20,380 shares of the basic materials company's stock worth $1,173,000 after buying an additional 285 shares in the last quarter. Institutional investors and hedge funds own 87.06% of the company's stock.

Andersons Stock Up 0.9 %

Shares of Andersons stock traded up $0.49 during midday trading on Friday, reaching $56.51. 106,681 shares of the company's stock traded hands, compared to its average volume of 166,096. The company has a market cap of $1.92 billion, a price-to-earnings ratio of 19.22 and a beta of 0.69. The company's 50 day simple moving average is $56.02 and its 200 day simple moving average is $53.82. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.00 and a current ratio of 1.72. The Andersons, Inc. has a 52 week low of $35.69 and a 52 week high of $61.46.

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

Andersons Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Monday, April 1st were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.34%. Andersons's dividend payout ratio is currently 25.85%.

Analyst Ratings Changes

ANDE has been the subject of a number of research analyst reports. Roth Capital reiterated a "buy" rating and issued a $65.00 target price on shares of Andersons in a research report on Tuesday, February 6th. StockNews.com upgraded shares of Andersons from a "hold" rating to a "buy" rating in a research report on Thursday, January 11th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $62.50.

Insider Activity at Andersons

In related news, CEO Patrick E. Bowe sold 3,387 shares of the firm's stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $60.01, for a total value of $203,253.87. Following the transaction, the chief executive officer now directly owns 85,159 shares in the company, valued at approximately $5,110,391.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Michael J. Anderson sold 3,000 shares of the firm's stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $59.00, for a total value of $177,000.00. Following the transaction, the director now directly owns 209,968 shares in the company, valued at approximately $12,388,112. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Patrick E. Bowe sold 3,387 shares of the firm's stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $60.01, for a total transaction of $203,253.87. Following the completion of the sale, the chief executive officer now owns 85,159 shares in the company, valued at $5,110,391.59. The disclosure for this sale can be found here. In the last three months, insiders have sold 45,245 shares of company stock worth $2,534,099. 5.10% of the stock is owned by insiders.

Andersons 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.

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