Public Employees Retirement System of Ohio Has $496,000 Holdings in The Andersons, Inc. (NASDAQ:ANDE)

Public Employees Retirement System of Ohio decreased its holdings in shares of The Andersons, Inc. (NASDAQ:ANDE) by 43.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,631 shares of the basic materials company’s stock after selling 7,415 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Andersons were worth $496,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Investors Research Corp raised its stake in Andersons by 0.7% during the second quarter. Investors Research Corp now owns 27,370 shares of the basic materials company’s stock worth $1,263,000 after acquiring an additional 200 shares in the last quarter. Ameritas Investment Partners Inc. grew its holdings in shares of Andersons by 9.4% during the second quarter. Ameritas Investment Partners Inc. now owns 2,660 shares of the basic materials company’s stock worth $123,000 after purchasing an additional 228 shares during the last quarter. HBK Sorce Advisory LLC grew its holdings in shares of Andersons by 4.6% during the first quarter. HBK Sorce Advisory LLC now owns 6,130 shares of the basic materials company’s stock worth $380,000 after purchasing an additional 272 shares during the last quarter. Corton Capital Inc. grew its holdings in shares of Andersons by 2.3% during the third quarter. Corton Capital Inc. now owns 12,329 shares of the basic materials company’s stock worth $635,000 after purchasing an additional 283 shares during the last quarter. Finally, Retirement Guys Formula LLC grew its holdings in shares of Andersons by 2.7% during the third quarter. Retirement Guys Formula LLC now owns 11,478 shares of the basic materials company’s stock worth $591,000 after purchasing an additional 298 shares during the last quarter. Institutional investors and hedge funds own 87.06% of the company’s stock.

Insider Activity at Andersons

In other Andersons news, CEO Patrick E. Bowe sold 4,406 shares of the business’s stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $56.25, for a total value of $247,837.50. Following the transaction, the chief executive officer now directly owns 48,917 shares of the company’s stock, valued at $2,751,581.25. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Andersons news, CEO Patrick E. Bowe sold 1,338 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $55.12, for a total value of $73,750.56. Following the transaction, the chief executive officer now directly owns 89,315 shares of the company’s stock, valued at $4,923,042.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Patrick E. Bowe sold 4,406 shares of the business’s stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $56.25, for a total value of $247,837.50. Following the completion of the transaction, the chief executive officer now directly owns 48,917 shares in the company, valued at $2,751,581.25. The disclosure for this sale can be found here. Insiders have sold 43,264 shares of company stock worth $2,401,683 over the last ninety days. Insiders own 5.10% of the company’s stock.

Andersons Stock Performance

Shares of ANDE stock opened at $57.32 on Thursday. The business’s 50 day simple moving average is $53.68 and its 200 day simple moving average is $52.66. The Andersons, Inc. has a one year low of $35.69 and a one year high of $58.84. The stock has a market capitalization of $1.95 billion, a PE ratio of 19.50 and a beta of 0.67. 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 earnings results on Wednesday, February 21st. The basic materials company reported $1.59 EPS for the quarter, beating 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 business 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 firm’s revenue was down 31.3% on a year-over-year basis. As a group, research analysts forecast that The Andersons, Inc. will post 2.54 earnings per share for the current year.

Andersons Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 22nd. Investors of record on Monday, April 1st will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.33%. The ex-dividend date is Thursday, March 28th. Andersons’s payout ratio is presently 25.85%.

Analyst Upgrades and Downgrades

ANDE has been the topic of several research reports. Roth Capital restated 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 analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $62.50.

Andersons Company 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.