QS Investors LLC trimmed its position in Andersons Inc (NASDAQ:ANDE) by 1.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 58,245 shares of the basic materials company’s stock after selling 1,005 shares during the period. QS Investors LLC’s holdings in Andersons were worth $1,741,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently modified their holdings of the company. Contravisory Investment Management Inc. acquired a new stake in shares of Andersons in the fourth quarter worth $105,000. ClariVest Asset Management LLC bought a new position in Andersons during the third quarter worth $137,000. Ibex Investors LLC bought a new position in Andersons during the third quarter worth $200,000. Auxier Asset Management bought a new position in Andersons during the third quarter worth $219,000. Finally, Trexquant Investment LP bought a new position in Andersons during the third quarter worth $233,000. Institutional investors and hedge funds own 68.69% of the company’s stock.
A number of equities analysts recently issued reports on the stock. TheStreet raised shares of Andersons from a “c” rating to a “b” rating in a research report on Thursday, February 14th. Zacks Investment Research lowered shares of Andersons from a “hold” rating to a “sell” rating in a research report on Wednesday, November 21st. Finally, BidaskClub raised shares of Andersons from a “hold” rating to a “buy” rating in a research report on Monday, January 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. Andersons currently has an average rating of “Hold” and an average price target of $41.33.
Andersons (NASDAQ:ANDE) last announced its earnings results on Wednesday, February 13th. The basic materials company reported $0.92 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.16. Andersons had a net margin of 1.36% and a return on equity of 4.99%. The business had revenue of $812.66 million for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the previous year, the firm posted $0.67 earnings per share. Andersons’s revenue was down 19.1% compared to the same quarter last year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 22nd. Shareholders of record on Monday, April 1st will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.00%. The ex-dividend date is Friday, March 29th.
In other Andersons news, insider Corbett J. Jorgenson sold 750 shares of the business’s stock in a transaction on Monday, February 25th. The shares were sold at an average price of $37.34, for a total value of $28,005.00. Following the sale, the insider now owns 14,796 shares of the company’s stock, valued at approximately $552,482.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael J. Anderson sold 2,100 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $36.69, for a total transaction of $77,049.00. The disclosure for this sale can be found here. Insiders sold a total of 6,611 shares of company stock worth $238,853 in the last three months. Insiders own 5.50% of the company’s stock.
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Andersons Company Profile
The Andersons, Inc, an agriculture company, operates in the grain, ethanol, plant nutrient, and rail sectors in the United States and internationally. The company's Grain segment operates grain elevators; stores grains; and provides grain marketing, risk management, and corn origination services to its customers and affiliated ethanol facilities.
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