Charles Schwab Investment Management Inc. Acquires 99,045 Shares of The Andersons, Inc. (NASDAQ:ANDE)

Charles Schwab Investment Management Inc. increased its holdings in shares of The Andersons, Inc. (NASDAQ:ANDE) by 15.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 751,624 shares of the basic materials company’s stock after acquiring an additional 99,045 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Andersons were worth $30,456,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Peoples Bank KS lifted its holdings in Andersons by 250.0% during the fourth quarter. Peoples Bank KS now owns 700 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 500 shares during the period. KBC Group NV lifted its holdings in Andersons by 70.3% during the fourth quarter. KBC Group NV now owns 1,558 shares of the basic materials company’s stock worth $63,000 after acquiring an additional 643 shares during the period. Truvestments Capital LLC bought a new stake in Andersons during the third quarter worth $98,000. Systematic Financial Management LP bought a new stake in Andersons during the third quarter worth $227,000. Finally, EP Wealth Advisors LLC bought a new stake in Andersons during the third quarter worth $253,000. 87.06% of the stock is currently owned by institutional investors.

Andersons Stock Performance

NASDAQ:ANDE opened at $41.91 on Monday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.65 and a quick ratio of 0.90. The business has a fifty day simple moving average of $42.40 and a two-hundred day simple moving average of $45.24. The Andersons, Inc. has a 1 year low of $39.25 and a 1 year high of $61.46. The company has a market capitalization of $1.43 billion, a P/E ratio of 12.62 and a beta of 0.48.

Andersons (NASDAQ:ANDE) last released its earnings results on Tuesday, February 18th. The basic materials company reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.34. Andersons had a return on equity of 7.59% and a net margin of 1.01%. The business had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $2.72 billion. On average, analysts expect that The Andersons, Inc. will post 3.11 earnings per share for the current year.

Andersons Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Tuesday, April 1st will be paid a dividend of $0.195 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $0.78 dividend on an annualized basis and a dividend yield of 1.86%. Andersons’s payout ratio is 23.49%.

Insider Activity at Andersons

In related news, VP Weston Heide sold 800 shares of the business’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $48.00, for a total transaction of $38,400.00. Following the sale, the vice president now directly owns 16,104 shares in the company, valued at approximately $772,992. The trade was a 4.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 5.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Stephens reiterated an “overweight” rating and set a $55.00 price target on shares of Andersons in a report on Wednesday, February 19th. StockNews.com downgraded Andersons from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th.

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.