Semanteon Capital Management LP Makes New $649,000 Investment in The Andersons, Inc. (NASDAQ:ANDE)

Semanteon Capital Management LP purchased a new position in The Andersons, Inc. (NASDAQ:ANDE) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 16,021 shares of the basic materials company’s stock, valued at approximately $649,000.

A number of other hedge funds have also recently modified their holdings of ANDE. State Street Corp raised its stake in shares of Andersons by 2.2% during the third quarter. State Street Corp now owns 1,337,344 shares of the basic materials company’s stock valued at $67,054,000 after acquiring an additional 28,773 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Andersons by 1.9% during 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 acquiring an additional 14,634 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Andersons by 15.2% during 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 acquiring an additional 99,045 shares during the last quarter. Bank of New York Mellon Corp raised its stake 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 valued at $14,315,000 after acquiring an additional 44,022 shares during the last quarter. Finally, Empowered Funds LLC raised its stake in shares of Andersons by 5.8% during the fourth quarter. Empowered Funds LLC now owns 232,213 shares of the basic materials company’s stock valued at $9,364,000 after acquiring an additional 12,792 shares during the last quarter. Hedge funds and other institutional investors own 87.06% of the company’s stock.

Insider Buying and Selling at Andersons

In other Andersons news, VP Weston Heide sold 800 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $48.00, for a total transaction of $38,400.00. Following the completion of the transaction, the vice president now owns 16,104 shares of the company’s stock, valued at approximately $772,992. This trade represents a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 5.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. StockNews.com downgraded shares of Andersons from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Stephens reissued an “overweight” rating and issued a $55.00 price target on shares of Andersons in a research note on Wednesday, February 19th.

Andersons Price Performance

ANDE stock opened at $42.32 on Friday. The Andersons, Inc. has a 1 year low of $39.25 and a 1 year high of $61.46. The company has a market cap of $1.45 billion, a P/E ratio of 12.75 and a beta of 0.48. The firm has a 50-day moving average of $42.56 and a 200 day moving average of $45.06. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.65 and a quick ratio of 0.90.

Andersons (NASDAQ:ANDE) last released its quarterly 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 net margin of 1.01% and a return on equity of 7.59%. The company had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $2.72 billion. On average, sell-side analysts forecast that The Andersons, Inc. will post 3.11 EPS for the current year.

Andersons Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 1st will be paid a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date is Tuesday, April 1st. Andersons’s dividend payout ratio is 23.49%.

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.