Strs Ohio Decreases Stock Holdings in The Andersons, Inc. (NASDAQ:ANDE)

Strs Ohio reduced its position in shares of The Andersons, Inc. (NASDAQ:ANDE) by 6.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,600 shares of the basic materials company’s stock after selling 1,100 shares during the period. Strs Ohio’s holdings in Andersons were worth $897,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. SG Americas Securities LLC purchased a new position in Andersons in the 3rd quarter worth approximately $910,000. Bfsg LLC acquired a new stake in shares of Andersons during the third quarter worth $303,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Andersons by 31.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,700 shares of the basic materials company’s stock valued at $294,000 after acquiring an additional 1,363 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in Andersons by 2.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,357 shares of the basic materials company’s stock worth $740,000 after acquiring an additional 335 shares during the period. Finally, Inspire Investing LLC increased its holdings in shares of Andersons by 72.2% in the third quarter. Inspire Investing LLC now owns 25,010 shares of the basic materials company’s stock valued at $1,288,000 after purchasing an additional 10,484 shares during the period. 87.06% of the stock is owned by hedge funds and other institutional investors.

Andersons Price Performance

Shares of NASDAQ ANDE opened at $57.38 on Thursday. 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 stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of 19.52 and a beta of 0.68. The firm’s 50 day simple moving average is $55.71 and its 200-day simple moving average is $53.60. The Andersons, Inc. has a 12 month low of $35.69 and a 12 month high of $61.46.

Andersons (NASDAQ:ANDE) last released its quarterly earnings results on Wednesday, February 21st. The basic materials company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.11 by $0.48. Andersons had a net margin of 0.69% and a return on equity of 8.19%. The company had revenue of $3.21 billion for the quarter, compared to analyst estimates of $4.26 billion. During the same quarter last year, the business earned $0.98 earnings per share. The firm’s revenue was down 31.3% on a year-over-year basis. Analysts expect that The Andersons, Inc. will post 2.54 EPS for the current year.

Andersons Announces Dividend

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

Analyst Upgrades and Downgrades

ANDE has been the topic of several research reports. StockNews.com upgraded shares of Andersons from a “hold” rating to a “buy” rating in a report on Thursday, January 11th. Roth Capital reissued a “buy” rating and set a $65.00 target price on shares of Andersons in a report on Tuesday, February 6th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $62.50.

Insider Activity

In related news, CEO Patrick E. Bowe sold 34,597 shares of Andersons stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $55.46, for a total value of $1,918,749.62. Following the sale, the chief executive officer now owns 83,515 shares of the company’s stock, valued at approximately $4,631,741.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Andersons news, CEO Patrick E. Bowe sold 34,597 shares of the stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $55.46, for a total transaction of $1,918,749.62. Following the transaction, the chief executive officer now directly owns 83,515 shares of the company’s stock, valued at $4,631,741.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Michael J. Anderson sold 3,000 shares of the business’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $59.00, for a total transaction 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 45,245 shares of company stock worth $2,534,099 over the last three months. 5.10% of the stock is currently owned by corporate 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.