Zurcher Kantonalbank Zurich Cantonalbank Has $426,000 Stake in The Andersons, Inc. (NASDAQ:ANDE)

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of The Andersons, Inc. (NASDAQ:ANDE) by 29.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,407 shares of the basic materials company’s stock after purchasing an additional 1,707 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Andersons were worth $426,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Pacer Advisors Inc. raised its holdings in Andersons by 64.5% during the 4th quarter. Pacer Advisors Inc. now owns 2,314,734 shares of the basic materials company’s stock worth $133,190,000 after buying an additional 907,734 shares during the period. American Century Companies Inc. raised its holdings in Andersons by 68.2% during the 3rd quarter. American Century Companies Inc. now owns 412,868 shares of the basic materials company’s stock worth $21,267,000 after buying an additional 167,473 shares during the period. Panagora Asset Management Inc. raised its holdings in Andersons by 54.0% during the 3rd quarter. Panagora Asset Management Inc. now owns 143,178 shares of the basic materials company’s stock worth $7,375,000 after buying an additional 50,216 shares during the period. Vanguard Group Inc. raised its holdings in Andersons by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 3,971,447 shares of the basic materials company’s stock worth $204,569,000 after buying an additional 47,494 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Andersons by 111.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 88,336 shares of the basic materials company’s stock valued at $5,083,000 after purchasing an additional 46,587 shares during the last quarter. Institutional investors own 87.06% of the company’s stock.

Insiders Place Their Bets

In other Andersons news, Director Michael J. Anderson sold 3,000 shares of Andersons stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $59.00, for a total transaction of $177,000.00. Following the completion of the transaction, the director now directly owns 209,968 shares of the company’s stock, valued at $12,388,112. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Patrick E. Bowe sold 3,387 shares of Andersons stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $60.01, for a total transaction of $203,253.87. Following the completion of the sale, the chief executive officer now owns 85,159 shares of the company’s stock, valued at $5,110,391.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael J. Anderson sold 3,000 shares of Andersons stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $59.00, for a total value of $177,000.00. Following the sale, the director now directly owns 209,968 shares of the company’s stock, valued at approximately $12,388,112. The disclosure for this sale can be found here. Insiders sold a total of 45,245 shares of company stock valued at $2,534,099 over the last ninety days. 5.10% of the stock is currently owned by company insiders.

Andersons Trading Up 0.9 %

ANDE stock opened at $56.51 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.72 and a quick ratio of 1.00. The company has a fifty day moving average price of $55.95 and a two-hundred day moving average price of $53.79. The Andersons, Inc. has a one year low of $35.69 and a one year high of $61.46. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of 19.22 and a beta of 0.69.

Andersons (NASDAQ:ANDE) last released its quarterly earnings data on Wednesday, February 21st. The basic materials company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.48. Andersons had a net margin of 0.69% and a return on equity of 8.19%. The firm had revenue of $3.21 billion during the quarter, compared to analysts’ expectations of $4.26 billion. During the same period in the previous year, the business posted $0.98 earnings per share. The company’s revenue for the quarter was down 31.3% compared to the same quarter last year. Equities analysts anticipate that The Andersons, Inc. will post 2.54 EPS 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 given 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 1.34%. Andersons’s dividend payout ratio (DPR) is 25.85%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ANDE. StockNews.com raised shares of Andersons from a “hold” rating to a “buy” rating in a research note on Thursday, January 11th. Roth Capital reissued a “buy” rating and issued a $65.00 target price on shares of Andersons in a research note on Tuesday, February 6th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $62.50.

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.