The Andersons, Inc. (NASDAQ:ANDE) Stock Holdings Decreased by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its stake in shares of The Andersons, Inc. (NASDAQ:ANDE) by 1.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 436,550 shares of the basic materials company’s stock after selling 7,069 shares during the period. Victory Capital Management Inc. owned about 1.29% of Andersons worth $25,119,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. SummerHaven Investment Management LLC boosted its holdings in shares of Andersons by 1.3% in the 4th quarter. SummerHaven Investment Management LLC now owns 15,650 shares of the basic materials company’s stock valued at $901,000 after buying an additional 200 shares during the period. Cornercap Investment Counsel Inc. lifted its holdings in shares of Andersons by 1.6% in the 4th quarter. Cornercap Investment Counsel Inc. now owns 13,790 shares of the basic materials company’s stock worth $793,000 after purchasing an additional 222 shares during the last quarter. Corton Capital Inc. boosted its position in Andersons by 2.3% during the 3rd quarter. Corton Capital Inc. now owns 12,329 shares of the basic materials company’s stock valued at $635,000 after purchasing an additional 283 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in Andersons by 2.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,686 shares of the basic materials company’s stock worth $845,000 after buying an additional 329 shares during the last quarter. Finally, Wedge Capital Management L L P NC increased its position in Andersons by 3.8% in the fourth quarter. Wedge Capital Management L L P NC now owns 11,461 shares of the basic materials company’s stock worth $659,000 after buying an additional 423 shares during the period. 87.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Andersons

In other Andersons news, Director Michael J. Anderson sold 3,000 shares of the business’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $59.00, for a total transaction of $177,000.00. Following the sale, the director now directly owns 209,968 shares of the company’s stock, valued at approximately $12,388,112. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Michael J. Anderson sold 3,000 shares of Andersons stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $59.00, for a total transaction of $177,000.00. Following the completion of the sale, the director now owns 209,968 shares of the company’s stock, valued at $12,388,112. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Patrick E. Bowe sold 34,597 shares of the business’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 transaction 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 $4,631,741.90. The disclosure for this sale can be found here. In the last 90 days, insiders sold 45,245 shares of company stock worth $2,534,099. 5.10% of the stock is owned by corporate insiders.

Andersons Price Performance

NASDAQ ANDE opened at $51.45 on Thursday. The Andersons, Inc. has a 1 year low of $35.69 and a 1 year high of $61.46. The business’s fifty day moving average is $56.07 and its two-hundred day moving average is $53.91. The stock has a market capitalization of $1.75 billion, a P/E ratio of 17.50 and a beta of 0.69. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.00 and a current ratio of 1.72.

Andersons (NASDAQ:ANDE) last announced its earnings results on Tuesday, May 7th. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.07). Andersons had a return on equity of 8.19% and a net margin of 0.69%. The company had revenue of $2.72 billion for the quarter, compared to analyst estimates of $3.46 billion. During the same period last year, the firm earned $0.20 earnings per share. The firm’s revenue for the quarter was down 30.0% on a year-over-year basis. On average, research analysts forecast that The Andersons, Inc. will post 2.54 earnings per share for the current fiscal year.

Andersons Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Monday, April 1st were issued a dividend of $0.19 per share. The ex-dividend date was Thursday, March 28th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.48%. Andersons’s dividend payout ratio is currently 25.85%.

Analyst Ratings Changes

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

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.