Mirae Asset Global Investments Co. Ltd. Has $845,000 Position in The Andersons, Inc. (NASDAQ:ANDE)

Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of The Andersons, Inc. (NASDAQ:ANDE) by 2.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,686 shares of the basic materials company’s stock after acquiring an additional 329 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Andersons were worth $845,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. C M Bidwell & Associates Ltd. acquired a new position in Andersons in the 3rd quarter valued at $33,000. Mitsubishi UFJ Trust & Banking Corp acquired a new position in Andersons in the 3rd quarter valued at $107,000. Nomura Holdings Inc. acquired a new position in Andersons in the 3rd quarter valued at $216,000. Acadian Asset Management LLC grew its holdings in Andersons by 491.8% in the 3rd quarter. Acadian Asset Management LLC now owns 5,409 shares of the basic materials company’s stock valued at $278,000 after buying an additional 4,495 shares in the last quarter. Finally, Donoghue Forlines LLC acquired a new position in Andersons in the 3rd quarter valued at $285,000. 87.06% of the stock is owned by institutional investors and hedge funds.

Andersons Stock Performance

ANDE opened at $57.38 on Thursday. The firm has a market cap of $1.95 billion, a P/E ratio of 19.52 and a beta of 0.68. The Andersons, Inc. has a 52-week low of $35.69 and a 52-week high of $61.46. 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 business’s fifty day moving average is $55.71 and its 200-day moving average is $53.60.

Andersons (NASDAQ:ANDE) last released its 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 return on equity of 8.19% and a net margin of 0.69%. The company had revenue of $3.21 billion for the quarter, compared to analyst estimates of $4.26 billion. During the same period in the prior year, the firm posted $0.98 EPS. Andersons’s quarterly revenue was down 31.3% on a year-over-year basis. Sell-side analysts expect that The Andersons, Inc. will post 2.54 EPS for the current fiscal year.

Andersons Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Monday, April 1st were given a dividend of $0.19 per share. The ex-dividend date was Thursday, March 28th. This represents a $0.76 annualized dividend and a dividend yield of 1.32%. Andersons’s dividend payout ratio is currently 25.85%.

Analyst Ratings Changes

A number of brokerages have commented on ANDE. Roth Capital reaffirmed a “buy” rating and issued a $65.00 price objective on shares of Andersons in a report on Tuesday, February 6th. StockNews.com raised Andersons from a “hold” rating to a “buy” rating in a report on Thursday, January 11th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $62.50.

Insider Buying and Selling

In related news, CEO Patrick E. Bowe sold 1,338 shares of the company’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $55.12, for a total transaction of $73,750.56. Following the completion of 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 filing with the SEC, which is available through this link. In other Andersons news, CEO Patrick E. Bowe sold 2,623 shares of the stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $55.22, for a total value of $144,842.06. Following the completion of the transaction, the chief executive officer now directly owns 90,653 shares in the company, valued at $5,005,858.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Patrick E. Bowe sold 1,338 shares of the stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $55.12, for a total value of $73,750.56. Following the completion of the transaction, the chief executive officer now owns 89,315 shares of the company’s stock, valued at $4,923,042.80. The disclosure for this sale can be found here. Insiders sold a total of 45,245 shares of company stock worth $2,534,099 in the last ninety days. 5.10% of the stock is owned by insiders.

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.