Allspring Global Investments Holdings LLC Purchases 46,587 Shares of The Andersons, Inc. (NASDAQ:ANDE)

Allspring Global Investments Holdings LLC boosted its holdings in The Andersons, Inc. (NASDAQ:ANDE) by 111.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 88,336 shares of the basic materials company’s stock after purchasing an additional 46,587 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.26% of Andersons worth $5,083,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in ANDE. Meeder Asset Management Inc. acquired a new position in Andersons during the 4th quarter valued at about $110,000. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Andersons by 2.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,686 shares of the basic materials company’s stock valued at $845,000 after buying an additional 329 shares during the last quarter. Ritholtz Wealth Management grew its holdings 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 buying an additional 4,337 shares in the last quarter. Pacer Advisors Inc. raised its position in Andersons by 64.5% in the 4th quarter. Pacer Advisors Inc. now owns 2,314,734 shares of the basic materials company’s stock valued at $133,190,000 after buying an additional 907,734 shares during the last quarter. Finally, Nordea Investment Management AB lifted its stake in Andersons by 28.5% during the 4th quarter. Nordea Investment Management AB now owns 49,332 shares of the basic materials company’s stock valued at $2,843,000 after acquiring an additional 10,943 shares in the last quarter. 87.06% of the stock is owned by institutional investors.

Andersons Stock Performance

NASDAQ ANDE opened at $56.40 on Friday. The company has a market capitalization of $1.92 billion, a PE ratio of 19.18 and a beta of 0.68. 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 $58.84. The company has a 50-day simple moving average of $55.22 and a 200 day simple moving average of $53.34.

Andersons (NASDAQ:ANDE) last issued its quarterly earnings results on Wednesday, February 21st. The basic materials company reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.48. Andersons had a net margin of 0.69% and a return on equity of 8.19%. The company had revenue of $3.21 billion during the quarter, compared to analyst estimates of $4.26 billion. During the same quarter last year, the business posted $0.98 EPS. Andersons’s quarterly revenue was down 31.3% compared to the same quarter last year. On average, research analysts predict that The Andersons, Inc. will post 2.54 EPS for the current year.

Andersons Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 22nd. Stockholders of record on Monday, April 1st will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.35%. Andersons’s dividend payout ratio is presently 25.85%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on ANDE shares. Roth Capital reiterated a “buy” rating and issued a $65.00 target price on shares of Andersons in a report on Tuesday, February 6th. StockNews.com raised 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 MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $62.50.

Insider Transactions at Andersons

In related news, CEO Patrick E. Bowe sold 1,338 shares of the business’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $55.12, for a total value of $73,750.56. Following the sale, the chief executive officer now directly owns 89,315 shares in the company, valued at approximately $4,923,042.80. The sale was disclosed in a document filed 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 stock was sold at an average price of $55.22, for a total transaction of $144,842.06. Following the sale, the chief executive officer now owns 90,653 shares in the company, valued at $5,005,858.66. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Patrick E. Bowe sold 1,338 shares of the business’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $55.12, for a total value of $73,750.56. Following the sale, the chief executive officer now owns 89,315 shares in the company, valued at $4,923,042.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,858 shares of company stock worth $2,153,845. 5.10% of the stock is owned by company insiders.

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.