California Public Employees Retirement System increased its position in shares of The Andersons, Inc. (NASDAQ:ANDE) by 8.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 65,587 shares of the basic materials company’s stock after buying an additional 5,332 shares during the quarter. California Public Employees Retirement System owned about 0.23% of The Andersons worth $2,043,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the stock. Victory Capital Management Inc. raised its stake in The Andersons by 13.1% during the 4th quarter. Victory Capital Management Inc. now owns 2,652,786 shares of the basic materials company’s stock worth $82,634,000 after buying an additional 306,657 shares during the period. Deprince Race & Zollo Inc. increased its holdings in The Andersons by 8.5% during the 4th quarter. Deprince Race & Zollo Inc. now owns 762,763 shares of the basic materials company’s stock worth $23,760,000 after purchasing an additional 59,803 shares in the last quarter. Schwab Charles Investment Management Inc. increased its holdings in The Andersons by 0.7% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 349,347 shares of the basic materials company’s stock worth $10,883,000 after purchasing an additional 2,508 shares in the last quarter. Bank of Montreal Can increased its holdings in The Andersons by 1.5% during the 4th quarter. Bank of Montreal Can now owns 227,240 shares of the basic materials company’s stock worth $7,078,000 after purchasing an additional 3,314 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its holdings in The Andersons by 32.3% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 64,765 shares of the basic materials company’s stock worth $2,219,000 after purchasing an additional 15,812 shares in the last quarter. 78.46% of the stock is currently owned by institutional investors and hedge funds.
Separately, TheStreet raised The Andersons from a “c+” rating to a “b” rating in a report on Wednesday. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $34.50.
The Andersons (NASDAQ:ANDE) last issued its quarterly earnings data on Wednesday, February 14th. The basic materials company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.20. The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $1.21 billion. The Andersons had a return on equity of 4.83% and a net margin of 1.12%. The company’s revenue for the quarter was down 9.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.36 EPS. sell-side analysts predict that The Andersons, Inc. will post 1.94 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 23rd. Shareholders of record on Monday, April 2nd will be issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend is Thursday, March 29th. The Andersons’s dividend payout ratio is currently 45.21%.
In other news, Director Rasesh H. Shah sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $36.25, for a total value of $725,000.00. Following the completion of the transaction, the director now directly owns 41,862 shares of the company’s stock, valued at $1,517,497.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Naran Uchur Burchinow sold 800 shares of the company’s stock in a transaction that occurred on Wednesday, March 14th. The shares were sold at an average price of $36.05, for a total value of $28,840.00. Following the completion of the transaction, the vice president now directly owns 25,463 shares of the company’s stock, valued at $917,941.15. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,000 shares of company stock valued at $1,143,430. 6.30% of the stock is currently owned by corporate insiders.
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About The Andersons
The Andersons, Inc, an agriculture company, operates in the grain, ethanol, plant nutrient, and rail sectors in the United States and internationally. The company's Grain segment operates grain elevators; stores grains; and provides grain marketing, risk management, and corn origination services to its customers and affiliated ethanol facilities.
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