Private Management Group Inc. Lowers Stock Position in The Andersons, Inc. (NASDAQ:ANDE)

Private Management Group Inc. cut its holdings in shares of The Andersons, Inc. (NASDAQ:ANDE) by 0.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 100,945 shares of the basic materials company’s stock after selling 891 shares during the period. Private Management Group Inc.’s holdings in Andersons were worth $4,090,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp grew its position in Andersons by 2.2% in 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 buying an additional 28,773 shares during the last quarter. Geode Capital Management LLC grew its position in Andersons by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 785,139 shares of the basic materials company’s stock valued at $39,374,000 after buying an additional 14,634 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in 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 buying an additional 124,468 shares during the last quarter. Victory Capital Management Inc. grew its position in Andersons by 7.0% in the 3rd quarter. Victory Capital Management Inc. now owns 488,505 shares of the basic materials company’s stock valued at $24,494,000 after buying an additional 31,881 shares during the last quarter. Finally, Empowered Funds LLC grew its position in Andersons by 3.8% in the 3rd quarter. Empowered Funds LLC now owns 219,421 shares of the basic materials company’s stock valued at $10,960,000 after buying an additional 8,050 shares during the last quarter. 87.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ANDE. Stephens reiterated an “overweight” rating and issued a $60.00 price objective on shares of Andersons in a research report on Thursday, January 2nd. StockNews.com lowered shares of Andersons from a “buy” rating to a “hold” rating in a research report on Tuesday.

Andersons Price Performance

Shares of NASDAQ ANDE opened at $40.25 on Friday. The firm has a market capitalization of $1.37 billion, a P/E ratio of 11.50 and a beta of 0.58. The Andersons, Inc. has a one year low of $39.25 and a one year high of $61.46. The company’s fifty day moving average is $42.79 and its two-hundred day moving average is $46.74. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.23 and a current ratio of 1.98.

Andersons (NASDAQ:ANDE) last issued its earnings results on Monday, November 4th. The basic materials company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.43 by $0.37. The company had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.90 billion. Andersons had a net margin of 1.06% and a return on equity of 8.21%. The business’s revenue was down 27.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.13 EPS. Analysts forecast that The Andersons, Inc. will post 2.9 EPS for the current fiscal year.

Andersons Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 23rd. Shareholders of record on Thursday, January 2nd were given a dividend of $0.195 per share. This is a positive change from Andersons’s previous quarterly dividend of $0.19. This represents a $0.78 annualized dividend and a dividend yield of 1.94%. The ex-dividend date was Thursday, January 2nd. Andersons’s payout ratio is presently 22.29%.

Insiders Place Their Bets

In other news, insider Joseph E. Mcneely sold 2,382 shares of Andersons stock in a transaction on 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 transaction, the insider now owns 49,601 shares of the company’s stock, valued at $2,367,455.73. The trade was a 4.58 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 5.10% of the company’s stock.

Andersons Company 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.