Wedge Capital Management L L P NC Sells 12,119 Shares of The Andersons, Inc. $ANDE

Wedge Capital Management L L P NC decreased its holdings in The Andersons, Inc. (NASDAQ:ANDE) by 18.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 54,555 shares of the basic materials company’s stock after selling 12,119 shares during the period. Wedge Capital Management L L P NC’s holdings in Andersons were worth $2,901,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its stake in Andersons by 34.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 962 shares of the basic materials company’s stock valued at $51,000 after acquiring an additional 246 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Andersons by 34.8% in the fourth quarter. GAMMA Investing LLC now owns 1,266 shares of the basic materials company’s stock valued at $67,000 after purchasing an additional 327 shares in the last quarter. Amalgamated Bank increased its holdings in shares of Andersons by 3.9% in the third quarter. Amalgamated Bank now owns 9,524 shares of the basic materials company’s stock valued at $379,000 after purchasing an additional 356 shares during the last quarter. Summit Place Financial Advisors LLC increased its holdings in shares of Andersons by 1.7% in the third quarter. Summit Place Financial Advisors LLC now owns 23,032 shares of the basic materials company’s stock valued at $917,000 after purchasing an additional 390 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH lifted its position in Andersons by 7.3% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 7,281 shares of the basic materials company’s stock worth $290,000 after buying an additional 493 shares in the last quarter. 87.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on ANDE shares. Weiss Ratings restated a “hold (c)” rating on shares of Andersons in a report on Wednesday, January 21st. Wall Street Zen lowered Andersons from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Benchmark reissued a “buy” rating on shares of Andersons in a research report on Wednesday, February 18th. Finally, BMO Capital Markets raised their price objective on shares of Andersons from $65.00 to $75.00 and gave the stock an “outperform” rating in a research report on Thursday, February 19th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $68.33.

Andersons Price Performance

ANDE stock opened at $73.19 on Monday. The Andersons, Inc. has a 52-week low of $31.03 and a 52-week high of $73.97. The company has a quick ratio of 0.60, a current ratio of 1.41 and a debt-to-equity ratio of 0.43. The stock has a market cap of $2.49 billion, a price-to-earnings ratio of 26.14 and a beta of 0.74. The business has a fifty day moving average of $65.93 and a two-hundred day moving average of $54.54.

Andersons (NASDAQ:ANDE) last released its quarterly earnings results on Tuesday, February 17th. The basic materials company reported $2.04 earnings per share for the quarter, topping analysts’ consensus estimates of $1.56 by $0.48. The business had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.69 billion. Andersons had a return on equity of 7.76% and a net margin of 0.87%.The company’s revenue was down 18.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.31 EPS. 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 business also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 1st will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Wednesday, April 1st. Andersons’s payout ratio is 28.57%.

Insider Activity at Andersons

In other news, VP Brian K. Walz sold 8,975 shares of the firm’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $70.74, for a total transaction of $634,891.50. Following the completion of the transaction, the vice president directly owned 11,913 shares in the company, valued at $842,725.62. This trade represents a 42.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Anne G. Rex sold 2,624 shares of the business’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $65.16, for a total value of $170,979.84. Following the completion of the sale, the vice president owned 23,829 shares in the company, valued at $1,552,697.64. This represents a 9.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 29,299 shares of company stock valued at $2,051,771. 4.30% of the stock is owned by insiders.

Andersons Company Profile

The Andersons, Inc operates as a diversified agriculture company offering a broad range of products and services to farmers, retailers and industrial customers. Through its Grain Group, the company purchases, stores, merchandises and transports corn, soybeans and other commodities, while its Renewables Group produces ethanol and distillers grains at multiple plants in the U.S. The Rail Group provides locomotive leasing, railcar repair and related maintenance services, and the Horticulture Group supplies turf, specialty and horticultural products to landscaping professionals and consumer lawn and garden retailers.

Founded in 1947 and headquartered in Maumee, Ohio, The Andersons has grown from a regional grain elevator operator into an integrated agribusiness platform.