The Andersons, Inc. (NASDAQ:ANDE) Position Trimmed by Foster & Motley Inc.

Foster & Motley Inc. lessened its holdings in shares of The Andersons, Inc. (NASDAQ:ANDE) by 1.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,874 shares of the basic materials company’s stock after selling 189 shares during the quarter. Foster & Motley Inc.’s holdings in Andersons were worth $741,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of ANDE. CWM LLC lifted its holdings in Andersons by 8,577.4% in the 4th quarter. CWM LLC now owns 19,611 shares of the basic materials company’s stock worth $1,128,000 after purchasing an additional 19,385 shares during the last quarter. Redmont Wealth Advisors LLC lifted its holdings in Andersons by 34.1% in the 4th quarter. Redmont Wealth Advisors LLC now owns 15,558 shares of the basic materials company’s stock worth $895,000 after purchasing an additional 3,952 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Andersons by 29.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,407 shares of the basic materials company’s stock worth $426,000 after purchasing an additional 1,707 shares during the last quarter. Mackenzie Financial Corp acquired a new position in shares of Andersons during the fourth quarter worth approximately $215,000. Finally, Cornercap Investment Counsel Inc. lifted its holdings in shares of Andersons by 1.6% during the fourth quarter. Cornercap Investment Counsel Inc. now owns 13,790 shares of the basic materials company’s stock worth $793,000 after buying an additional 222 shares during the last quarter. Hedge funds and other institutional investors own 87.06% of the company’s stock.

Andersons Stock Performance

Shares of NASDAQ:ANDE opened at $60.41 on Wednesday. The business’s fifty day moving average price is $55.61 and its two-hundred day moving average price is $53.57. The Andersons, Inc. has a fifty-two week low of $35.69 and a fifty-two week high of $61.46. The stock has a market capitalization of $2.06 billion, a price-to-earnings ratio of 20.55 and a beta of 0.68. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.72 and a quick ratio of 1.00.

Andersons (NASDAQ:ANDE) last announced its quarterly earnings results on Wednesday, February 21st. The basic materials company reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.48. Andersons had a return on equity of 8.19% and a net margin of 0.69%. The firm had revenue of $3.21 billion for the quarter, compared to analysts’ expectations of $4.26 billion. During the same period in the prior year, the business posted $0.98 earnings per share. The business’s revenue was down 31.3% compared to the same quarter last year. As a group, analysts predict that The Andersons, Inc. will post 2.54 EPS for the current fiscal year.

Andersons Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Monday, April 1st were paid a $0.19 dividend. The ex-dividend date was Thursday, March 28th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.26%. Andersons’s dividend payout ratio (DPR) is presently 25.85%.

Analyst Upgrades and Downgrades

ANDE has been the subject of a number of research analyst reports. Roth Capital reiterated a “buy” rating and set a $65.00 price target on shares of Andersons in a report on Tuesday, February 6th. StockNews.com upgraded Andersons from a “hold” rating to a “buy” rating in a report on Thursday, January 11th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Andersons currently has an average rating of “Buy” and an average price target of $62.50.

Insider Activity

In other news, CEO Patrick E. Bowe sold 34,597 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $55.46, for a total value of $1,918,749.62. Following the completion of the sale, the chief executive officer now directly owns 83,515 shares in the company, valued at $4,631,741.90. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, CEO Patrick E. Bowe sold 34,597 shares of Andersons stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $55.46, for a total value of $1,918,749.62. Following the completion of the sale, the chief executive officer now directly owns 83,515 shares in the company, valued at $4,631,741.90. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Patrick E. Bowe sold 2,623 shares of Andersons stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $55.22, for a total value of $144,842.06. Following the completion of the sale, the chief executive officer now owns 90,653 shares of the company’s stock, valued at $5,005,858.66. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 38,858 shares of company stock worth $2,153,845. 5.10% of the stock is 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.