LSV Asset Management Sells 11,300 Shares of The Andersons, Inc. (NASDAQ:ANDE)

LSV Asset Management reduced its stake in The Andersons, Inc. (NASDAQ:ANDE) by 12.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 81,100 shares of the basic materials company’s stock after selling 11,300 shares during the quarter. LSV Asset Management’s holdings in Andersons were worth $4,666,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. C M Bidwell & Associates Ltd. bought a new stake in shares of Andersons in the third quarter worth about $33,000. Mitsubishi UFJ Trust & Banking Corp bought a new stake in Andersons in the 3rd quarter worth approximately $107,000. Meeder Asset Management Inc. bought a new position in shares of Andersons during the 4th quarter valued at approximately $110,000. Mackenzie Financial Corp purchased a new position in shares of Andersons in the fourth quarter valued at $215,000. Finally, Nomura Holdings Inc. bought a new stake in Andersons in the third quarter worth $216,000. Hedge funds and other institutional investors own 87.06% of the company’s stock.

Insider Activity

In other Andersons news, CEO Patrick E. Bowe sold 2,623 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $55.22, for a total transaction of $144,842.06. Following the sale, the chief executive officer now owns 90,653 shares of the company’s stock, valued at approximately $5,005,858.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Patrick E. Bowe sold 2,623 shares of Andersons stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $55.22, for a total value of $144,842.06. Following the transaction, the chief executive officer now owns 90,653 shares of the company’s stock, valued at approximately $5,005,858.66. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Patrick E. Bowe sold 34,597 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $55.46, for a total transaction of $1,918,749.62. Following the sale, the chief executive officer now directly owns 83,515 shares of the company’s stock, valued at approximately $4,631,741.90. The disclosure for this sale can be found here. In the last quarter, insiders sold 45,245 shares of company stock worth $2,534,099. 5.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

ANDE has been the subject of several research reports. StockNews.com upgraded shares of Andersons from a “hold” rating to a “buy” rating in a research report on Thursday, January 11th. Roth Capital restated a “buy” rating and set a $65.00 target price on shares of Andersons in a research report on Tuesday, February 6th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Andersons has a consensus rating of “Buy” and a consensus price target of $62.50.

Andersons Stock Performance

Shares of Andersons stock opened at $51.45 on Thursday. The Andersons, Inc. has a 52 week low of $35.69 and a 52 week high of $61.46. The company has a market capitalization of $1.75 billion, a PE ratio of 17.50 and a beta of 0.69. The stock’s fifty day moving average is $56.07 and its two-hundred day moving average is $53.91. The company has a quick ratio of 1.00, a current ratio of 1.72 and a debt-to-equity ratio of 0.37.

Andersons (NASDAQ:ANDE) last posted its quarterly earnings results on Tuesday, May 7th. The basic materials company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.07). The company had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $3.46 billion. Andersons had a net margin of 0.69% and a return on equity of 8.19%. The business’s revenue was down 30.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.20 EPS. As a group, analysts expect that The Andersons, Inc. will post 2.54 earnings per share for the current year.

Andersons Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Monday, April 1st were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date was Thursday, March 28th. Andersons’s dividend payout ratio (DPR) is 25.85%.

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.