ExodusPoint Capital Management LP Invests $337,000 in The Andersons, Inc. (NASDAQ:ANDE)

ExodusPoint Capital Management LP bought a new stake in shares of The Andersons, Inc. (NASDAQ:ANDE) during the 4th quarter, HoldingsChannel.com reports. The fund bought 8,328 shares of the basic materials company’s stock, valued at approximately $337,000.

Several other institutional investors have also bought and sold shares of ANDE. State Street Corp boosted its holdings in Andersons by 2.2% during the 3rd quarter. State Street Corp now owns 1,337,344 shares of the basic materials company’s stock worth $67,054,000 after acquiring an additional 28,773 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Andersons by 7.8% during the fourth quarter. American Century Companies Inc. now owns 1,166,781 shares of the basic materials company’s stock valued at $47,278,000 after purchasing an additional 84,133 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Andersons by 1.9% during the third quarter. Geode Capital Management LLC now owns 785,139 shares of the basic materials company’s stock worth $39,374,000 after purchasing an additional 14,634 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Andersons by 15.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 751,624 shares of the basic materials company’s stock worth $30,456,000 after purchasing an additional 99,045 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Andersons by 10.6% in the 4th quarter. JPMorgan Chase & Co. now owns 397,691 shares of the basic materials company’s stock valued at $16,114,000 after buying an additional 38,020 shares during the last quarter. Institutional investors own 87.06% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In related news, VP Weston Heide sold 800 shares of the firm’s stock in a transaction that occurred on 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 transaction, the vice president now directly owns 16,104 shares of the company’s stock, valued at approximately $772,992. This trade represents a 4.73 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.30% of the stock is currently owned by insiders.

Andersons Stock Performance

Shares of ANDE stock opened at $37.86 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 firm has a market cap of $1.29 billion, a price-to-earnings ratio of 11.40 and a beta of 0.55. The Andersons, Inc. has a 52 week low of $35.88 and a 52 week high of $61.46. The firm’s 50-day simple moving average is $41.80 and its two-hundred day simple moving average is $44.13.

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

Andersons Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 1st will be given a dividend of $0.195 per share. The ex-dividend date is Tuesday, April 1st. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.06%. Andersons’s dividend payout ratio is presently 23.49%.

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.