Amundi Pioneer Asset Management Inc. decreased its stake in shares of Andersons Inc (NASDAQ:ANDE) by 7.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 12,349 shares of the basic materials company’s stock after selling 1,029 shares during the period. Amundi Pioneer Asset Management Inc.’s holdings in Andersons were worth $369,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of ANDE. Wells Fargo & Company MN increased its holdings in shares of Andersons by 5.7% during the third quarter. Wells Fargo & Company MN now owns 53,622 shares of the basic materials company’s stock valued at $2,019,000 after acquiring an additional 2,907 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Andersons in the 3rd quarter worth approximately $237,000. Bank of New York Mellon Corp grew its position in Andersons by 2.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 468,732 shares of the basic materials company’s stock worth $17,648,000 after purchasing an additional 11,458 shares during the last quarter. BlackRock Inc. grew its position in Andersons by 2.9% during the 3rd quarter. BlackRock Inc. now owns 3,802,979 shares of the basic materials company’s stock worth $143,182,000 after purchasing an additional 108,841 shares during the last quarter. Finally, Trexquant Investment LP acquired a new position in Andersons during the 3rd quarter valued at approximately $233,000. 68.30% of the stock is currently owned by institutional investors and hedge funds.

Andersons stock opened at $32.53 on Wednesday. The company has a current ratio of 1.23, a quick ratio of 0.40 and a debt-to-equity ratio of 0.57. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 21.78 and a beta of 1.23. Andersons Inc has a fifty-two week low of $27.62 and a fifty-two week high of $41.70.

Andersons (NASDAQ:ANDE) last announced its quarterly earnings data on Wednesday, February 13th. The basic materials company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.16. Andersons had a return on equity of 4.99% and a net margin of 1.36%. The firm had revenue of $812.66 million during the quarter, compared to analysts’ expectations of $1.08 billion. During the same period last year, the business posted $0.67 earnings per share. The company’s revenue for the quarter was down 19.1% compared to the same quarter last year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 22nd. Investors of record on Monday, April 1st will be issued a $0.17 dividend. The ex-dividend date of this dividend is Friday, March 29th. This represents a $0.68 annualized dividend and a yield of 2.09%.

In other news, Director Michael J. Anderson sold 1,761 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $35.36, for a total value of $62,268.96. Following the sale, the director now directly owns 411,961 shares of the company’s stock, valued at approximately $14,566,940.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Corbett J. Jorgenson sold 750 shares of the company’s stock in a transaction on Monday, February 25th. The shares were sold at an average price of $37.34, for a total transaction of $28,005.00. Following the completion of the sale, the insider now directly owns 14,796 shares in the company, valued at $552,482.64. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,611 shares of company stock worth $238,853. 5.00% of the stock is owned by corporate insiders.

A number of research analysts have issued reports on the stock. TheStreet raised shares of Andersons from a “c” rating to a “b” rating in a report on Thursday, February 14th. BidaskClub raised shares of Andersons from a “hold” rating to a “buy” rating in a report on Monday, January 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $41.33.

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Andersons Profile

The Andersons, Inc, an agriculture company, operates in the grain, ethanol, plant nutrient, and rail sectors in the United States and internationally. The company's Grain segment operates grain elevators; stores grains; and provides grain marketing, risk management, and corn origination services to its customers and affiliated ethanol facilities.

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Institutional Ownership by Quarter for Andersons (NASDAQ:ANDE)

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