SummerHaven Investment Management LLC Grows Stock Holdings in The Andersons, Inc. (NASDAQ:ANDE)

SummerHaven Investment Management LLC raised its position in The Andersons, Inc. (NASDAQ:ANDE) by 1.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 15,650 shares of the basic materials company’s stock after acquiring an additional 200 shares during the quarter. SummerHaven Investment Management LLC’s holdings in Andersons were worth $901,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Pacer Advisors Inc. boosted its position in shares of Andersons by 64.5% in the 4th quarter. Pacer Advisors Inc. now owns 2,314,734 shares of the basic materials company’s stock worth $133,190,000 after purchasing an additional 907,734 shares in the last quarter. American Century Companies Inc. raised its stake in Andersons by 68.2% in the 3rd quarter. American Century Companies Inc. now owns 412,868 shares of the basic materials company’s stock worth $21,267,000 after acquiring an additional 167,473 shares during the last quarter. Panagora Asset Management Inc. raised its position in Andersons by 54.0% during the 3rd quarter. Panagora Asset Management Inc. now owns 143,178 shares of the basic materials company’s stock worth $7,375,000 after buying an additional 50,216 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Andersons by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 3,971,447 shares of the basic materials company’s stock valued at $204,569,000 after purchasing an additional 47,494 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Andersons by 111.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 88,336 shares of the basic materials company’s stock worth $5,083,000 after acquiring an additional 46,587 shares in the last quarter. 87.06% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Andersons

In other news, CEO Patrick E. Bowe sold 2,623 shares of the business’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $55.22, for a total value of $144,842.06. Following the completion of the sale, the chief executive officer now directly owns 90,653 shares in the company, valued at $5,005,858.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Patrick E. Bowe sold 2,623 shares of Andersons stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $55.22, for a total value of $144,842.06. Following the transaction, the chief executive officer now directly owns 90,653 shares in the company, valued at $5,005,858.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael J. Anderson sold 3,000 shares of the stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $59.00, for a total value of $177,000.00. Following the completion of the sale, the director now directly owns 209,968 shares of the company’s stock, valued at $12,388,112. The disclosure for this sale can be found here. In the last quarter, insiders sold 45,245 shares of company stock worth $2,534,099. 5.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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

Andersons Trading Up 0.9 %

Shares of NASDAQ:ANDE traded up $0.52 during midday trading on Monday, reaching $57.43. The company had a trading volume of 12,515 shares, compared to its average volume of 183,001. The company has a fifty day simple moving average of $55.80 and a two-hundred day simple moving average of $53.69. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.00 and a current ratio of 1.72. The firm has a market cap of $1.96 billion, a price-to-earnings ratio of 19.36 and a beta of 0.68. The Andersons, Inc. has a 1-year low of $35.69 and a 1-year high of $61.46.

Andersons (NASDAQ:ANDE) last released its earnings results on Wednesday, February 21st. The basic materials company reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.48. Andersons had a net margin of 0.69% and a return on equity of 8.19%. The business had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $4.26 billion. During the same period last year, the firm posted $0.98 earnings per share. The firm’s quarterly revenue was down 31.3% compared to the same quarter last year. Research analysts predict 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 was paid on Monday, April 22nd. Shareholders of record on Monday, April 1st were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $0.76 annualized dividend and a yield of 1.32%. Andersons’s dividend payout ratio (DPR) is currently 25.85%.

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.