Renaissance Technologies LLC Has $6.87 Million Stake in The Andersons, Inc. (NASDAQ:ANDE)

Renaissance Technologies LLC increased its position in shares of The Andersons, Inc. (NASDAQ:ANDE) by 16.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 169,476 shares of the basic materials company’s stock after purchasing an additional 23,476 shares during the period. Renaissance Technologies LLC owned approximately 0.50% of Andersons worth $6,867,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its stake in Andersons by 16.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,866 shares of the basic materials company’s stock valued at $116,000 after acquiring an additional 412 shares during the last quarter. Peoples Bank KS boosted its holdings in shares of Andersons by 250.0% in 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 in the last quarter. Arete Wealth Advisors LLC increased its stake in shares of Andersons by 9.4% in the 4th quarter. Arete Wealth Advisors LLC now owns 6,710 shares of the basic materials company’s stock valued at $272,000 after purchasing an additional 579 shares during the last quarter. KBC Group NV raised its holdings in shares of Andersons by 70.3% during the 4th quarter. KBC Group NV now owns 1,558 shares of the basic materials company’s stock worth $63,000 after buying an additional 643 shares in the last quarter. Finally, Diversified Trust Co lifted its position in shares of Andersons by 9.1% during the 4th quarter. Diversified Trust Co now owns 11,278 shares of the basic materials company’s stock worth $457,000 after buying an additional 944 shares during the last quarter. 87.06% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Andersons Stock Up 1.6 %

NASDAQ:ANDE opened at $38.12 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.65 and a quick ratio of 0.90. The Andersons, Inc. has a one year low of $35.88 and a one year high of $61.46. The firm’s 50 day simple moving average is $41.52 and its 200 day simple moving average is $43.75. The company has a market cap of $1.30 billion, a PE ratio of 11.48 and a beta of 0.55.

Andersons (NASDAQ:ANDE) last posted its quarterly earnings data on Tuesday, February 18th. The basic materials company reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates 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%. On average, research analysts anticipate that The Andersons, Inc. will post 3.11 earnings per share for the current year.

Andersons Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Tuesday, April 1st will be paid a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date is Tuesday, April 1st. Andersons’s dividend payout ratio is presently 23.49%.

Insider Activity at Andersons

In other news, VP Weston Heide sold 800 shares of Andersons stock in a transaction dated Wednesday, February 19th. The stock was 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 legal filing with the SEC, which is accessible through this link. 4.30% of the stock is owned by company insiders.

About Andersons

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.