Bank of New York Mellon Corp Grows Stock Position in The Andersons, Inc. (NASDAQ:ANDE)

Bank of New York Mellon Corp increased its position in The Andersons, Inc. (NASDAQ:ANDE) by 14.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 353,271 shares of the basic materials company’s stock after acquiring an additional 44,022 shares during the quarter. Bank of New York Mellon Corp owned about 1.04% of Andersons worth $14,315,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of ANDE. State Street Corp lifted its stake in shares of Andersons by 2.2% in the 3rd 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. Nordea Investment Management AB lifted its position in Andersons by 86.5% in the 4th quarter. Nordea Investment Management AB now owns 101,099 shares of the basic materials company’s stock valued at $4,110,000 after acquiring an additional 46,903 shares in the last quarter. Peoples Bank KS raised its holdings in shares of Andersons by 250.0% during the fourth quarter. Peoples Bank KS now owns 700 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 500 shares during the last quarter. Intech Investment Management LLC increased its position in shares of Andersons by 375.0% during the 3rd quarter. Intech Investment Management LLC now owns 42,225 shares of the basic materials company’s stock valued at $2,117,000 after purchasing an additional 33,336 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Andersons by 23.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 652,579 shares of the basic materials company’s stock worth $32,720,000 after buying an additional 124,468 shares in the last quarter. Institutional investors own 87.06% of the company’s stock.

Analysts Set New Price Targets

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 report on Thursday, February 20th. Stephens reissued an “overweight” rating and issued a $55.00 price objective on shares of Andersons in a research note on Wednesday, February 19th.

Andersons Stock Performance

ANDE opened at $41.34 on Thursday. The Andersons, Inc. has a 12-month low of $39.25 and a 12-month high of $61.46. The firm has a market capitalization of $1.41 billion, a PE ratio of 12.45 and a beta of 0.48. The firm has a 50 day moving average of $42.34 and a two-hundred day moving average of $45.40. The company has a current ratio of 1.65, a quick ratio of 0.90 and a debt-to-equity ratio of 0.38.

Andersons (NASDAQ:ANDE) last released its earnings results on Tuesday, February 18th. The basic materials company reported $1.36 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 business had revenue of $3.12 billion during the quarter, compared to analysts’ expectations of $2.72 billion. On average, analysts anticipate that The Andersons, Inc. will post 3.11 EPS for the current year.

Andersons Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 1st will be issued a dividend of $0.195 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $0.78 dividend on an annualized basis and a dividend yield of 1.89%. Andersons’s dividend payout ratio is currently 23.49%.

Insiders Place Their Bets

In other Andersons news, VP Weston Heide sold 800 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $48.00, for a total value of $38,400.00. Following the sale, the vice president now owns 16,104 shares of the company’s stock, valued at $772,992. This trade represents a 4.73 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 5.10% of the stock is currently owned by insiders.

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.