Goldman Sachs Group Inc. Has $20.09 Million Holdings in The Andersons, Inc. (NASDAQ:ANDE)

Goldman Sachs Group Inc. lifted its stake in shares of The Andersons, Inc. (NASDAQ:ANDE) by 11.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 349,172 shares of the basic materials company’s stock after purchasing an additional 36,146 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Andersons were worth $20,091,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Meeder Asset Management Inc. bought a new stake in Andersons during the fourth quarter valued at $110,000. Mackenzie Financial Corp bought a new stake in Andersons during the fourth quarter valued at $215,000. Nomura Holdings Inc. bought a new stake in Andersons during the third quarter valued at $216,000. Quantedge Capital Pte Ltd bought a new stake in Andersons during the fourth quarter valued at $276,000. Finally, Acadian Asset Management LLC boosted its position in Andersons by 491.8% during the third quarter. Acadian Asset Management LLC now owns 5,409 shares of the basic materials company’s stock valued at $278,000 after acquiring an additional 4,495 shares during the last quarter. Institutional investors own 87.06% of the company’s stock.

Insider Buying and Selling

In related news, Director Michael J. Anderson sold 3,000 shares of the company’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $59.00, for a total value of $177,000.00. Following the sale, the director now owns 209,968 shares in the company, valued at approximately $12,388,112. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Andersons news, Director Michael J. Anderson sold 3,000 shares of the stock in a transaction dated 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 owns 209,968 shares in the company, valued at approximately $12,388,112. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Patrick E. Bowe sold 3,387 shares of the stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $60.01, for a total transaction of $203,253.87. Following the completion of the sale, the chief executive officer now owns 85,159 shares of the company’s stock, valued at approximately $5,110,391.59. The disclosure for this sale can be found here. 5.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Andersons from a “buy” rating to a “hold” rating in a research report on Thursday, May 9th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $62.50.

Andersons Price Performance

Shares of NASDAQ ANDE opened at $49.73 on Thursday. The firm’s 50-day moving average price is $52.50 and its 200-day moving average price is $53.91. The Andersons, Inc. has a 1-year low of $44.24 and a 1-year high of $61.46. The firm has a market capitalization of $1.69 billion, a P/E ratio of 14.05 and a beta of 0.60. The company has a current ratio of 2.04, a quick ratio of 1.13 and a debt-to-equity ratio of 0.38.

Andersons (NASDAQ:ANDE) last announced its quarterly earnings data on Tuesday, May 7th. The basic materials company reported $0.16 earnings per share for the quarter. Andersons had a net margin of 0.89% and a return on equity of 7.93%. The firm had revenue of $2.72 billion for the quarter. Equities research analysts anticipate that The Andersons, Inc. will post 2.65 earnings per share for the current fiscal year.

Andersons Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 22nd. Investors of record on Monday, July 1st will be issued a $0.19 dividend. The ex-dividend date is Monday, July 1st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.53%. Andersons’s dividend payout ratio is presently 21.47%.

Andersons 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.