The Andersons, Inc. (NASDAQ:ANDE) Shares Acquired by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. grew its position in The Andersons, Inc. (NASDAQ:ANDE) by 1.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 13,790 shares of the basic materials company’s stock after acquiring an additional 222 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in Andersons were worth $793,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its position in Andersons by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 3,971,447 shares of the basic materials company’s stock worth $204,569,000 after acquiring an additional 47,494 shares in the last quarter. Nordea Investment Management AB raised its position in shares of Andersons by 1.9% in the 3rd quarter. Nordea Investment Management AB now owns 38,389 shares of the basic materials company’s stock valued at $1,981,000 after purchasing an additional 714 shares in the last quarter. O Shaughnessy Asset Management LLC raised its position in shares of Andersons by 199.1% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 61,649 shares of the basic materials company’s stock valued at $3,176,000 after purchasing an additional 41,037 shares in the last quarter. Ritholtz Wealth Management raised its position in shares of Andersons by 35.0% in the 4th quarter. Ritholtz Wealth Management now owns 16,713 shares of the basic materials company’s stock valued at $962,000 after purchasing an additional 4,337 shares in the last quarter. Finally, UBS Group AG raised its position in shares of Andersons by 76.0% in the 3rd quarter. UBS Group AG now owns 58,569 shares of the basic materials company’s stock valued at $3,017,000 after purchasing an additional 25,295 shares in the last quarter. 87.06% of the stock is owned by institutional investors and hedge funds.

Andersons Price Performance

Shares of NASDAQ ANDE opened at $57.38 on Tuesday. The Andersons, Inc. has a twelve month low of $35.69 and a twelve month high of $58.84. The company has a current ratio of 1.72, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of 19.52 and a beta of 0.68. The business has a 50 day simple moving average of $54.92 and a 200-day simple moving average of $53.26.

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

Andersons Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 22nd. Stockholders of record on Monday, April 1st will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend is Thursday, March 28th. Andersons’s dividend payout ratio is 25.85%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Roth Capital reaffirmed a “buy” rating and issued a $65.00 target price on shares of Andersons in a research report on Tuesday, February 6th. StockNews.com raised Andersons from a “hold” rating to a “buy” rating in a research report on Thursday, January 11th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $62.50.

Insider Activity

In related news, CEO Patrick E. Bowe sold 34,597 shares of the 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 of the company’s stock, valued at approximately $4,631,741.90. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Patrick E. Bowe sold 2,623 shares of the stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $55.22, for a total transaction of $144,842.06. Following the completion of the sale, the chief executive officer now owns 90,653 shares in the company, valued at approximately $5,005,858.66. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Patrick E. Bowe sold 34,597 shares of the firm’s stock in a transaction that occurred 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 owns 83,515 shares of the company’s stock, valued at approximately $4,631,741.90. The disclosure for this sale can be found here. Insiders sold a total of 38,858 shares of company stock valued at $2,153,845 over the last three months. Insiders own 5.10% of the company’s stock.

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.