The Andersons, Inc. (NASDAQ:ANDE) Shares Purchased by Nordea Investment Management AB

Nordea Investment Management AB boosted its holdings in shares of The Andersons, Inc. (NASDAQ:ANDE) by 86.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 101,099 shares of the basic materials company’s stock after purchasing an additional 46,903 shares during the period. Nordea Investment Management AB owned about 0.30% of Andersons worth $4,110,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. State Street Corp lifted its holdings in shares of Andersons by 2.2% in the 3rd quarter. State Street Corp now owns 1,337,344 shares of the basic materials company’s stock valued at $67,054,000 after buying an additional 28,773 shares during the period. Intech Investment Management LLC raised its position in Andersons by 375.0% during the third quarter. Intech Investment Management LLC now owns 42,225 shares of the basic materials company’s stock valued at $2,117,000 after acquiring an additional 33,336 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Andersons by 23.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 652,579 shares of the basic materials company’s stock valued at $32,720,000 after acquiring an additional 124,468 shares during the period. Geode Capital Management LLC boosted its position in Andersons by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 785,139 shares of the basic materials company’s stock worth $39,374,000 after purchasing an additional 14,634 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of Andersons by 13.1% during the 2nd quarter. Renaissance Technologies LLC now owns 159,576 shares of the basic materials company’s stock worth $7,915,000 after purchasing an additional 18,500 shares during the period. 87.06% of the stock is owned by hedge funds and other institutional investors.

Andersons Price Performance

Andersons stock opened at $42.22 on Friday. The stock has a market capitalization of $1.44 billion, a P/E ratio of 12.06 and a beta of 0.59. The company’s fifty day moving average price is $44.79 and its 200 day moving average price is $47.66. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.23 and a current ratio of 1.98. The Andersons, Inc. has a 1 year low of $39.25 and a 1 year high of $61.46.

Andersons (NASDAQ:ANDE) last issued its quarterly earnings results on Monday, November 4th. The basic materials company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.37. Andersons had a net margin of 1.06% and a return on equity of 8.21%. The firm had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same period last year, the company posted $0.13 EPS. Andersons’s quarterly revenue was down 27.9% compared to the same quarter last year. As a group, equities research analysts anticipate that The Andersons, Inc. will post 2.9 earnings per share for the current fiscal year.

Andersons Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Thursday, January 2nd will be paid a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend is Thursday, January 2nd. This is a boost from Andersons’s previous quarterly dividend of $0.19. Andersons’s payout ratio is 22.29%.

Analyst Ratings Changes

Several analysts recently commented on the stock. Stephens restated an “overweight” rating and set a $60.00 price target on shares of Andersons in a research report on Thursday, January 2nd. StockNews.com upgraded Andersons from a “hold” rating to a “buy” rating in a research report on Wednesday, November 13th.

Insider Transactions at Andersons

In other news, insider Joseph E. Mcneely sold 2,382 shares of Andersons stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $47.73, for a total transaction of $113,692.86. Following the transaction, the insider now owns 49,601 shares in the company, valued at $2,367,455.73. The trade was a 4.58 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 5.10% of the company’s stock.

Andersons Company 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.