Teacher Retirement System of Texas Raises Stake in The Andersons, Inc. (NASDAQ:ANDE)

Teacher Retirement System of Texas raised its stake in shares of The Andersons, Inc. (NASDAQ:ANDE) by 4.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 115,973 shares of the basic materials company’s stock after buying an additional 5,006 shares during the quarter. Teacher Retirement System of Texas’ holdings in Andersons were worth $4,699,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Peoples Bank KS boosted its position in shares of Andersons by 250.0% in the fourth quarter. Peoples Bank KS now owns 700 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 500 shares during the period. KBC Group NV lifted its stake in Andersons by 70.3% in the 4th quarter. KBC Group NV now owns 1,558 shares of the basic materials company’s stock worth $63,000 after purchasing an additional 643 shares in the last quarter. Truvestments Capital LLC bought a new position in Andersons in the 3rd quarter valued at $98,000. EverSource Wealth Advisors LLC grew its position in shares of Andersons by 16.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,866 shares of the basic materials company’s stock valued at $116,000 after purchasing an additional 412 shares in the last quarter. Finally, Systematic Financial Management LP bought a new position in shares of Andersons in the third quarter worth $227,000. 87.06% of the stock is currently owned by institutional investors.

Insider Activity at Andersons

In other Andersons news, VP Weston Heide sold 800 shares of the 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 transaction, the vice president now directly owns 16,104 shares in the company, valued at $772,992. This trade represents a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

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

Andersons Price Performance

Shares of NASDAQ:ANDE opened at $42.32 on Monday. The company’s fifty day moving average price is $42.56 and its 200-day moving average price is $45.00. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.65 and a quick ratio of 0.90. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 12.75 and a beta of 0.48. The Andersons, Inc. has a one year low of $39.25 and a one year high of $61.46.

Andersons (NASDAQ:ANDE) last announced its earnings results on Tuesday, February 18th. The basic materials company reported $1.36 earnings per share (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 company had revenue of $3.12 billion during the quarter, compared to analyst estimates of $2.72 billion. On average, equities research analysts anticipate that The Andersons, Inc. will post 3.11 earnings per share for the current fiscal year.

Andersons Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 1st will be given a dividend of $0.195 per share. The ex-dividend date is Tuesday, April 1st. This represents a $0.78 annualized dividend and a dividend yield of 1.84%. Andersons’s dividend payout ratio (DPR) is presently 23.49%.

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.