Diversified Trust Co Sells 278 Shares of The Andersons, Inc. (NASDAQ:ANDE)

Diversified Trust Co decreased its stake in The Andersons, Inc. (NASDAQ:ANDE) by 2.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,534 shares of the basic materials company’s stock after selling 278 shares during the period. Diversified Trust Co’s holdings in Andersons were worth $547,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in ANDE. GAMMA Investing LLC increased its stake in Andersons by 65.8% in the first quarter. GAMMA Investing LLC now owns 524 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 208 shares during the last quarter. Creekmur Asset Management LLC bought a new position in shares of Andersons during the 4th quarter valued at about $41,000. Meeder Asset Management Inc. purchased a new position in shares of Andersons during the 4th quarter valued at about $110,000. Mackenzie Financial Corp bought a new stake in Andersons in the 4th quarter worth approximately $215,000. Finally, Quantedge Capital Pte Ltd purchased a new stake in Andersons in the fourth quarter worth approximately $276,000. Hedge funds and other institutional investors own 87.06% of the company’s stock.

Insiders Place Their Bets

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

Andersons Trading Down 0.6 %

NASDAQ ANDE opened at $48.61 on Thursday. The firm has a market cap of $1.66 billion, a PE ratio of 13.73 and a beta of 0.61. The Andersons, Inc. has a 1-year low of $44.85 and a 1-year high of $61.46. The stock has a 50-day moving average of $51.58 and a 200-day moving average of $53.75. 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. The firm had revenue of $2.72 billion during the quarter. Andersons had a return on equity of 7.93% and a net margin of 0.89%. As a group, sell-side analysts forecast that The Andersons, Inc. will post 2.65 EPS for the current year.

Andersons Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 22nd. Shareholders of record on Monday, July 1st will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, July 1st. This represents a $0.76 annualized dividend and a yield of 1.56%. Andersons’s payout ratio is currently 21.47%.

Analysts Set New Price Targets

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