Sei Investments Co. Sells 1,150 Shares of The Andersons, Inc. (NASDAQ:ANDE)

Sei Investments Co. lessened its position in The Andersons, Inc. (NASDAQ:ANDE) by 1.6% in the fourth quarter, HoldingsChannel reports. The firm owned 70,128 shares of the basic materials company’s stock after selling 1,150 shares during the quarter. Sei Investments Co.’s holdings in Andersons were worth $2,842,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC grew its holdings in shares of Andersons by 16.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,866 shares of the basic materials company’s stock valued at $116,000 after buying an additional 412 shares during the last quarter. Peoples Bank KS boosted its stake in Andersons by 250.0% during the 4th quarter. Peoples Bank KS now owns 700 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 500 shares during the last quarter. KBC Group NV increased its holdings in shares of Andersons by 70.3% in the 4th quarter. KBC Group NV now owns 1,558 shares of the basic materials company’s stock worth $63,000 after purchasing an additional 643 shares in the last quarter. Diversified Trust Co raised its stake in shares of Andersons by 9.1% in the fourth quarter. Diversified Trust Co now owns 11,278 shares of the basic materials company’s stock worth $457,000 after purchasing an additional 944 shares during the last quarter. Finally, Exchange Traded Concepts LLC lifted its holdings in shares of Andersons by 5.5% during the fourth 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. 87.06% of the stock is currently owned by institutional investors.

Andersons Price Performance

NASDAQ ANDE opened at $38.61 on Friday. The company has a current ratio of 1.65, a quick ratio of 0.90 and a debt-to-equity ratio of 0.38. The Andersons, Inc. has a 12 month low of $37.62 and a 12 month high of $61.46. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 11.63 and a beta of 0.48. The company’s 50 day moving average is $42.33 and its two-hundred day moving average is $44.71.

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

Andersons Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 1st will be paid a $0.195 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.02%. Andersons’s payout ratio is currently 23.49%.

Insider Transactions at Andersons

In other news, VP Weston Heide sold 800 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $48.00, for a total value of $38,400.00. Following the completion of the sale, the vice president now owns 16,104 shares in the company, valued at approximately $772,992. This trade represents a 4.73 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 4.30% of the company’s stock.

Analyst Upgrades and Downgrades

ANDE has been the topic of a number of recent analyst reports. Stephens reaffirmed an “overweight” rating and set a $55.00 price target on shares of Andersons in a report on Wednesday, February 19th. StockNews.com downgraded shares of Andersons from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th.

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.