Weston Heide Sells 800 Shares of The Andersons, Inc. (NASDAQ:ANDE) Stock

The Andersons, Inc. (NASDAQ:ANDE) VP Weston Heide sold 800 shares of the business’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $48.00, for a total transaction of $38,400.00. Following the completion of the transaction, the vice president now 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 available at this link.

Andersons Trading Down 1.4 %

Shares of NASDAQ:ANDE opened at $45.53 on Friday. The Andersons, Inc. has a 52 week low of $39.25 and a 52 week high of $61.46. The company’s 50 day moving average is $41.86 and its two-hundred day moving average is $45.94. The company has a market cap of $1.55 billion, a PE ratio of 13.71 and a beta of 0.58. The company has a current ratio of 1.65, a quick ratio of 1.23 and a debt-to-equity ratio of 0.38.

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

Andersons Announces Dividend

The firm also recently announced 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. This represents a $0.78 annualized dividend and a dividend yield of 1.71%. The ex-dividend date is Tuesday, April 1st. Andersons’s dividend payout ratio (DPR) is presently 23.49%.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Stephens reissued an “overweight” rating and set a $55.00 target price on shares of Andersons in a research note on Wednesday. StockNews.com cut Andersons from a “buy” rating to a “hold” rating in a research note on Thursday.

Hedge Funds Weigh In On Andersons

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. State Street Corp raised its holdings in Andersons by 2.2% during the third quarter. State Street Corp now owns 1,337,344 shares of the basic materials company’s stock worth $67,054,000 after purchasing an additional 28,773 shares in the last quarter. American Century Companies Inc. grew its position in shares of Andersons by 7.8% in the 4th quarter. American Century Companies Inc. now owns 1,166,781 shares of the basic materials company’s stock valued at $47,278,000 after buying an additional 84,133 shares during the last quarter. Geode Capital Management LLC raised its stake in Andersons by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 785,139 shares of the basic materials company’s stock worth $39,374,000 after acquiring an additional 14,634 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Andersons by 15.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 751,624 shares of the basic materials company’s stock valued at $30,456,000 after acquiring an additional 99,045 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in Andersons by 11.0% in the fourth quarter. Northern Trust Corp now owns 615,897 shares of the basic materials company’s stock valued at $24,956,000 after acquiring an additional 61,250 shares in the last quarter. 87.06% of the stock is owned by institutional investors and hedge funds.

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.