Peregrine Capital Management LLC Lowers Stock Holdings in The Andersons, Inc. (NASDAQ:ANDE)

Peregrine Capital Management LLC lowered its position in shares of The Andersons, Inc. (NASDAQ:ANDE) by 3.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 94,891 shares of the basic materials company’s stock after selling 3,468 shares during the period. Peregrine Capital Management LLC’s holdings in Andersons were worth $3,845,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp grew its position in shares of Andersons by 2.2% during the 3rd quarter. State Street Corp now owns 1,337,344 shares of the basic materials company’s stock valued at $67,054,000 after purchasing an additional 28,773 shares in the last quarter. Nordea Investment Management AB boosted its stake in Andersons by 86.5% during the fourth quarter. Nordea Investment Management AB now owns 101,099 shares of the basic materials company’s stock valued at $4,110,000 after buying an additional 46,903 shares during the period. Peoples Bank KS grew its position in Andersons by 250.0% during the fourth quarter. Peoples Bank KS now owns 700 shares of the basic materials company’s stock worth $28,000 after buying an additional 500 shares in the last quarter. Intech Investment Management LLC increased its stake in Andersons by 375.0% in the 3rd quarter. Intech Investment Management LLC now owns 42,225 shares of the basic materials company’s stock worth $2,117,000 after acquiring an additional 33,336 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Andersons by 23.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 652,579 shares of the basic materials company’s stock valued at $32,720,000 after acquiring an additional 124,468 shares in the last quarter. Institutional investors own 87.06% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Stephens reissued an “overweight” rating and set a $55.00 price objective on shares of Andersons in a report on Wednesday. StockNews.com raised shares of Andersons from a “hold” rating to a “buy” rating in a research note on Wednesday, February 12th.

Insider Activity at Andersons

In related news, insider Joseph E. Mcneely sold 2,382 shares of the stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $47.73, for a total transaction of $113,692.86. Following the completion of the sale, the insider now directly owns 49,601 shares in the company, valued at $2,367,455.73. This represents a 4.58 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 5.10% of the stock is owned by insiders.

Andersons Trading Up 17.3 %

NASDAQ ANDE opened at $47.81 on Thursday. The company has a quick ratio of 1.23, a current ratio of 1.98 and a debt-to-equity ratio of 0.36. The stock’s 50-day simple moving average is $41.83 and its two-hundred day simple moving average is $45.95. The Andersons, Inc. has a twelve month low of $39.25 and a twelve month high of $61.46. The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of 13.66 and a beta of 0.58.

Andersons (NASDAQ:ANDE) last announced its quarterly earnings data on Tuesday, February 18th. The basic materials company reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.34. The company had revenue of $3.12 billion for the quarter, compared to analysts’ expectations of $2.72 billion. Andersons had a return on equity of 8.21% and a net margin of 1.06%. Research analysts forecast that The Andersons, Inc. will post 2.84 EPS for the current fiscal year.

Andersons Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 1st will be paid a $0.195 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $0.78 dividend on an annualized basis and a dividend yield of 1.63%. Andersons’s dividend payout ratio (DPR) is 22.29%.

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.