Amundi Has $1.61 Million Stake in The Andersons, Inc. (NASDAQ:ANDE)

Amundi grew its holdings in The Andersons, Inc. (NASDAQ:ANDE) by 38.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 38,060 shares of the basic materials company’s stock after acquiring an additional 10,643 shares during the quarter. Amundi’s holdings in Andersons were worth $1,605,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. State Street Corp grew its position 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 purchasing an additional 28,773 shares during the period. Geode Capital Management LLC lifted its stake in Andersons by 1.9% in the third quarter. Geode Capital Management LLC now owns 785,139 shares of the basic materials company’s stock valued at $39,374,000 after buying an additional 14,634 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Andersons by 15.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 751,624 shares of the basic materials company’s stock valued at $30,456,000 after buying an additional 99,045 shares during the period. Victory Capital Management Inc. increased its position in shares of Andersons by 7.0% during the third quarter. Victory Capital Management Inc. now owns 488,505 shares of the basic materials company’s stock worth $24,494,000 after acquiring an additional 31,881 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Andersons by 14.2% during the fourth quarter. Bank of New York Mellon Corp now owns 353,271 shares of the basic materials company’s stock worth $14,315,000 after acquiring an additional 44,022 shares during the period. Institutional investors and hedge funds own 87.06% of the company’s stock.

Andersons Price Performance

NASDAQ ANDE opened at $43.64 on Tuesday. The Andersons, Inc. has a 12-month low of $39.25 and a 12-month high of $61.46. The firm’s 50 day moving average is $42.46 and its 200-day moving average is $45.19. The company has a market capitalization of $1.49 billion, a PE ratio of 13.14 and a beta of 0.48. The company has a quick ratio of 0.90, a current ratio of 1.65 and a debt-to-equity ratio of 0.38.

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

Andersons Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Tuesday, April 1st will be given a dividend of $0.195 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $0.78 annualized dividend and a yield of 1.79%. Andersons’s dividend payout ratio (DPR) is presently 23.49%.

Insider Buying and Selling at Andersons

In other news, VP Weston Heide sold 800 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $48.00, for a total value of $38,400.00. Following the completion of the sale, the vice president now owns 16,104 shares of the company’s stock, valued at approximately $772,992. This represents a 4.73 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 5.10% of the company’s stock.

Analyst Upgrades and Downgrades

ANDE has been the subject of a number of research analyst reports. StockNews.com lowered shares of Andersons from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Stephens reaffirmed an “overweight” rating and set a $55.00 price objective on shares of Andersons in a research report on Wednesday, February 19th.

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.