The Andersons, Inc. (NASDAQ:ANDE) Shares Bought by Rhumbline Advisers

Rhumbline Advisers raised its stake in The Andersons, Inc. (NASDAQ:ANDE) by 2.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 100,952 shares of the basic materials company’s stock after purchasing an additional 2,617 shares during the quarter. Rhumbline Advisers’ holdings in Andersons were worth $4,091,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Empowered Funds LLC raised its position in Andersons by 5.8% in the 4th quarter. Empowered Funds LLC now owns 232,213 shares of the basic materials company’s stock valued at $9,364,000 after purchasing an additional 12,792 shares in the last quarter. KBC Group NV raised its position in Andersons by 70.3% in the 4th quarter. KBC Group NV now owns 1,558 shares of the basic materials company’s stock valued at $63,000 after purchasing an additional 643 shares in the last quarter. Exchange Traded Concepts LLC raised its position in Andersons by 5.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 20,951 shares of the basic materials company’s stock valued at $849,000 after purchasing an additional 1,100 shares in the last quarter. Inspire Investing LLC raised its position in Andersons by 18.4% in the 4th quarter. Inspire Investing LLC now owns 10,881 shares of the basic materials company’s stock valued at $441,000 after purchasing an additional 1,690 shares in the last quarter. Finally, Wedge Capital Management L L P NC acquired a new stake in shares of Andersons during the 4th quarter worth about $2,744,000. Institutional investors and hedge funds own 87.06% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. StockNews.com lowered Andersons from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Stephens reissued an “overweight” rating and set a $55.00 target price on shares of Andersons in a research report on Wednesday, February 19th.

Insiders Place Their Bets

In other Andersons news, VP Weston Heide sold 800 shares of Andersons stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $48.00, for a total transaction of $38,400.00. Following the transaction, the vice president now owns 16,104 shares of the company’s stock, valued at $772,992. The trade was a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 5.10% of the stock is currently owned by corporate insiders.

Andersons Price Performance

Shares of NASDAQ ANDE opened at $42.78 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.90 and a current ratio of 1.65. The Andersons, Inc. has a fifty-two week low of $39.25 and a fifty-two week high of $61.46. The firm has a market capitalization of $1.46 billion, a PE ratio of 12.89 and a beta of 0.58. The stock’s 50-day simple moving average is $42.04 and its 200-day simple moving average is $45.80.

Andersons (NASDAQ:ANDE) last released its quarterly earnings results on Tuesday, February 18th. The basic materials company reported $1.36 EPS for the quarter, topping the consensus estimate of $1.02 by $0.34. The company had revenue of $3.12 billion for the quarter, compared to analyst estimates of $2.72 billion. Andersons had a return on equity of 7.59% and a net margin of 1.01%. As a group, equities research analysts forecast that The Andersons, Inc. will post 3.11 EPS for the current fiscal year.

Andersons Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 1st will be given a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a yield of 1.82%. The ex-dividend date of this dividend is Tuesday, April 1st. Andersons’s dividend payout ratio (DPR) is 23.49%.

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.