The Andersons, Inc. (NASDAQ:ANDE) Shares Sold by Private Management Group Inc.

Private Management Group Inc. lessened its position in The Andersons, Inc. (NASDAQ:ANDE) by 54.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 296,221 shares of the basic materials company’s stock after selling 351,848 shares during the period. Private Management Group Inc. owned about 0.88% of Andersons worth $17,045,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Andersons by 1.2% in the third quarter. Vanguard Group Inc. now owns 3,971,447 shares of the basic materials company’s stock valued at $204,569,000 after buying an additional 47,494 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in Andersons by 111.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 88,336 shares of the basic materials company’s stock worth $5,083,000 after purchasing an additional 46,587 shares during the last quarter. Nordea Investment Management AB increased its position in Andersons by 1.9% during the third quarter. Nordea Investment Management AB now owns 38,389 shares of the basic materials company’s stock worth $1,981,000 after purchasing an additional 714 shares during the last quarter. O Shaughnessy Asset Management LLC increased its position in Andersons by 199.1% during the third quarter. O Shaughnessy Asset Management LLC now owns 61,649 shares of the basic materials company’s stock worth $3,176,000 after purchasing an additional 41,037 shares during the last quarter. Finally, Ritholtz Wealth Management increased its position in Andersons by 35.0% during the fourth quarter. Ritholtz Wealth Management now owns 16,713 shares of the basic materials company’s stock worth $962,000 after purchasing an additional 4,337 shares during the last quarter. Institutional investors and hedge funds own 87.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Roth Capital reiterated a “buy” rating and set a $65.00 price objective on shares of Andersons in a research note on Tuesday, February 6th. StockNews.com upgraded shares of Andersons from a “hold” rating to a “buy” rating in a research note on Thursday, January 11th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Andersons currently has an average rating of “Buy” and an average target price of $62.50.

Insider Buying and Selling at Andersons

In other Andersons news, CEO Patrick E. Bowe sold 2,623 shares of the stock in a transaction 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 transaction, the chief executive officer now directly owns 90,653 shares in the company, valued at approximately $5,005,858.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Andersons news, CEO Patrick E. Bowe sold 2,623 shares of the stock in a transaction 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 sale, the chief executive officer now directly owns 90,653 shares of the company’s stock, valued at $5,005,858.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Patrick E. Bowe sold 34,597 shares of the stock in a transaction 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 $4,631,741.90. The disclosure for this sale can be found here. Insiders have sold 38,858 shares of company stock worth $2,153,845 in the last ninety days. 5.10% of the stock is owned by insiders.

Andersons Stock Up 2.5 %

Shares of ANDE stock traded up $1.46 on Tuesday, hitting $60.41. The stock had a trading volume of 297,761 shares, compared to its average volume of 184,278. The firm has a market capitalization of $2.06 billion, a price-to-earnings ratio of 20.55 and a beta of 0.68. The stock’s 50 day moving average is $55.61 and its 200-day moving average is $53.57. 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) last announced its earnings results on Wednesday, February 21st. The basic materials company reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.48. The business had revenue of $3.21 billion during 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%. The business’s quarterly revenue was down 31.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.98 earnings per share. As a group, research analysts expect that The Andersons, Inc. will post 2.54 earnings per share for the current year.

Andersons Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Monday, April 1st were paid a dividend of $0.19 per share. The ex-dividend date was Thursday, March 28th. This represents a $0.76 dividend on an annualized basis and a yield of 1.26%. Andersons’s dividend payout ratio (DPR) is 25.85%.

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.