State Street Corp Boosts Stock Holdings in The Andersons, Inc. (NASDAQ:ANDE)

State Street Corp lifted its position in The Andersons, Inc. (NASDAQ:ANDE) by 2.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,337,344 shares of the basic materials company’s stock after acquiring an additional 28,773 shares during the quarter. State Street Corp owned approximately 3.93% of Andersons worth $67,054,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Summit Global Investments grew its position in Andersons by 9.5% in the 2nd quarter. Summit Global Investments now owns 9,248 shares of the basic materials company’s stock worth $459,000 after purchasing an additional 799 shares in the last quarter. SummerHaven Investment Management LLC grew its holdings in shares of Andersons by 1.8% in the second quarter. SummerHaven Investment Management LLC now owns 16,116 shares of the basic materials company’s stock valued at $799,000 after acquiring an additional 289 shares in the last quarter. Louisiana State Employees Retirement System increased its position in shares of Andersons by 2.6% during the second quarter. Louisiana State Employees Retirement System now owns 16,000 shares of the basic materials company’s stock valued at $794,000 after acquiring an additional 400 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Andersons by 1.8% during the second quarter. Bank of New York Mellon Corp now owns 336,714 shares of the basic materials company’s stock worth $16,701,000 after acquiring an additional 5,983 shares during the period. Finally, Bailard Inc. boosted its position in Andersons by 9.2% in the second quarter. Bailard Inc. now owns 13,100 shares of the basic materials company’s stock worth $650,000 after purchasing an additional 1,100 shares during the last quarter. Hedge funds and other institutional investors own 87.06% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. StockNews.com upgraded Andersons from a “hold” rating to a “buy” rating in a research note on Wednesday, November 13th. Stephens raised shares of Andersons to a “strong-buy” rating in a research report on Monday, December 2nd.

Andersons Stock Down 1.9 %

Shares of NASDAQ ANDE opened at $42.93 on Wednesday. The company has a quick ratio of 1.23, a current ratio of 1.98 and a debt-to-equity ratio of 0.36. The company has a market cap of $1.46 billion, a P/E ratio of 12.27 and a beta of 0.57. The Andersons, Inc. has a 52 week low of $41.76 and a 52 week high of $61.46. The business has a 50-day simple moving average of $47.15 and a two-hundred day simple moving average of $48.70.

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

Andersons Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 23rd. Investors of record on Thursday, January 2nd will be given a $0.195 dividend. The ex-dividend date is Thursday, January 2nd. This is a positive change from Andersons’s previous quarterly dividend of $0.19. This represents a $0.78 annualized dividend and a yield of 1.82%. Andersons’s payout ratio is 22.29%.

Insider Activity at Andersons

In other Andersons news, insider Joseph E. Mcneely sold 2,382 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $47.73, for a total value of $113,692.86. Following the completion of the sale, the insider now directly owns 49,601 shares of the company’s stock, valued at $2,367,455.73. The trade was a 4.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 5.10% of the stock is owned by insiders.

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.