Brandywine Global Investment Management LLC grew its stake in shares of Andersons Inc (NASDAQ:ANDE) by 5.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 97,175 shares of the basic materials company’s stock after purchasing an additional 5,038 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in Andersons were worth $2,905,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the business. Investors Research Corp raised its holdings in Andersons by 1.0% during the fourth quarter. Investors Research Corp now owns 29,875 shares of the basic materials company’s stock worth $893,000 after purchasing an additional 300 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in Andersons by 1.5% during the fourth quarter. Advisors Asset Management Inc. now owns 20,534 shares of the basic materials company’s stock worth $614,000 after purchasing an additional 308 shares in the last quarter. Texas Permanent School Fund grew its position in shares of Andersons by 4.0% during the fourth quarter. Texas Permanent School Fund now owns 17,223 shares of the basic materials company’s stock worth $515,000 after acquiring an additional 663 shares during the last quarter. Citigroup Inc. grew its position in shares of Andersons by 3.3% during the fourth quarter. Citigroup Inc. now owns 40,772 shares of the basic materials company’s stock worth $1,219,000 after acquiring an additional 1,299 shares during the last quarter. Finally, Teachers Advisors LLC grew its position in shares of Andersons by 2.6% during the third quarter. Teachers Advisors LLC now owns 53,574 shares of the basic materials company’s stock worth $2,017,000 after acquiring an additional 1,337 shares during the last quarter. 68.69% of the stock is currently owned by institutional investors.

In related news, VP Valerie M. Blanchett sold 1,500 shares of Andersons stock in a transaction on Friday, March 15th. The shares were sold at an average price of $35.24, for a total value of $52,860.00. Following the transaction, the vice president now directly owns 11,976 shares in the company, valued at approximately $422,034.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael J. Anderson sold 2,100 shares of Andersons stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $36.69, for a total transaction of $77,049.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,611 shares of company stock worth $238,853. Insiders own 5.50% of the company’s stock.

Shares of ANDE opened at $32.64 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.40 and a current ratio of 1.23. The company has a market cap of $1.09 billion, a PE ratio of 21.76 and a beta of 1.24. Andersons Inc has a 12-month low of $27.62 and a 12-month high of $41.70.

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

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 22nd. Stockholders of record on Monday, April 1st will be given a dividend of $0.17 per share. The ex-dividend date is Friday, March 29th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.08%.

ANDE has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Andersons from a “sell” rating to a “hold” rating in a research report on Wednesday, November 28th. BidaskClub upgraded shares of Andersons from a “hold” rating to a “buy” rating in a research report on Monday, January 7th. Finally, TheStreet upgraded shares of Andersons from a “c” rating to a “b” rating in a research report on Thursday, February 14th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. Andersons currently has an average rating of “Hold” and an average target price of $41.33.

TRADEMARK VIOLATION NOTICE: “Andersons Inc (ANDE) Shares Bought by Brandywine Global Investment Management LLC” was first posted by Watch List News and is the property of of Watch List News. If you are viewing this piece on another website, it was illegally stolen and reposted in violation of U.S. & international copyright legislation. The original version of this piece can be viewed at https://www.watchlistnews.com/andersons-inc-ande-shares-bought-by-brandywine-global-investment-management-llc/2913798.html.

About Andersons

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.

Recommended Story: Price-Sales Ratio

Want to see what other hedge funds are holding ANDE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Andersons Inc (NASDAQ:ANDE).

Institutional Ownership by Quarter for Andersons (NASDAQ:ANDE)

Receive News & Ratings for Andersons Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Andersons and related companies with MarketBeat.com's FREE daily email newsletter.