Diversified Trust Co Sells 278 Shares of The Andersons, Inc. (NASDAQ:ANDE)

Diversified Trust Co trimmed its position in The Andersons, Inc. (NASDAQ:ANDE) by 2.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,534 shares of the basic materials company’s stock after selling 278 shares during the quarter. Diversified Trust Co’s holdings in Andersons were worth $547,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. CWM LLC raised its stake in Andersons by 8,577.4% in the fourth quarter. CWM LLC now owns 19,611 shares of the basic materials company’s stock valued at $1,128,000 after buying an additional 19,385 shares during the period. Vanguard Group Inc. lifted its holdings in Andersons by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 3,971,447 shares of the basic materials company’s stock valued at $204,569,000 after purchasing an additional 47,494 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Andersons by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 683,933 shares of the basic materials company’s stock worth $39,354,000 after purchasing an additional 18,482 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of Andersons by 111.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 88,336 shares of the basic materials company’s stock valued at $5,083,000 after purchasing an additional 46,587 shares during the last quarter. Finally, Chesapeake Capital Corp IL bought a new position in shares of Andersons in the fourth quarter valued at about $999,000. 87.06% of the stock is currently owned by institutional investors and hedge funds.

Andersons Stock Performance

ANDE opened at $48.61 on Thursday. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.04 and a quick ratio of 1.13. The company has a market capitalization of $1.66 billion, a PE ratio of 13.73 and a beta of 0.61. The business has a fifty day simple moving average of $51.58 and a 200 day simple moving average of $53.75. The Andersons, Inc. has a 1 year low of $44.85 and a 1 year high of $61.46.

Andersons (NASDAQ:ANDE) last announced its earnings results on Tuesday, May 7th. The basic materials company reported $0.16 earnings per share (EPS) for the quarter. Andersons had a net margin of 0.89% and a return on equity of 7.93%. The company had revenue of $2.72 billion during the quarter. Research analysts expect that The Andersons, Inc. will post 2.65 EPS for the current year.

Andersons Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 22nd. Shareholders of record on Monday, July 1st will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, July 1st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.56%. Andersons’s payout ratio is presently 21.47%.

Insider Transactions at Andersons

In related news, Director Michael J. Anderson sold 3,000 shares of the stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $59.00, for a total transaction of $177,000.00. Following the sale, the director now owns 209,968 shares of the company’s stock, valued at $12,388,112. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Michael J. Anderson sold 3,000 shares of the business’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $59.00, for a total value of $177,000.00. Following the completion of the transaction, the director now owns 209,968 shares of the company’s stock, valued at $12,388,112. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Patrick E. Bowe sold 3,387 shares of the stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $60.01, for a total transaction of $203,253.87. Following the sale, the chief executive officer now owns 85,159 shares in the company, valued at $5,110,391.59. The disclosure for this sale can be found here. Insiders own 5.10% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Andersons from a “buy” rating to a “hold” rating in a report on Thursday, May 9th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Andersons currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.50.

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.