US Bancorp DE Reduces Stock Position in The Andersons, Inc. (NASDAQ:ANDE)

US Bancorp DE lowered its stake in shares of The Andersons, Inc. (NASDAQ:ANDE) by 13.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,642 shares of the basic materials company’s stock after selling 1,387 shares during the period. US Bancorp DE’s holdings in Andersons were worth $350,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. State Street Corp raised its position in shares of Andersons by 2.2% in the third quarter. State Street Corp now owns 1,337,344 shares of the basic materials company’s stock worth $67,054,000 after buying an additional 28,773 shares in the last quarter. Nordea Investment Management AB increased its stake in Andersons by 86.5% in the fourth 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 during the last quarter. Peoples Bank KS increased its stake in 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 last quarter. Intech Investment Management LLC increased its stake in Andersons by 375.0% in the third quarter. Intech Investment Management LLC now owns 42,225 shares of the basic materials company’s stock valued at $2,117,000 after acquiring an additional 33,336 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake 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 valued at $32,720,000 after acquiring an additional 124,468 shares during the last quarter. Hedge funds and other institutional investors own 87.06% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. StockNews.com cut Andersons from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Stephens reiterated an “overweight” rating and set a $55.00 target price on shares of Andersons in a report on Wednesday, February 19th.

Andersons Stock Performance

Shares of ANDE opened at $41.09 on Friday. 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 Andersons, Inc. has a one year low of $39.25 and a one year high of $61.46. The company has a 50-day simple moving average of $42.34 and a two-hundred day simple moving average of $45.40. The firm has a market capitalization of $1.40 billion, a PE ratio of 12.38 and a beta of 0.48.

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

Andersons Dividend Announcement

The firm also recently announced 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 is Tuesday, April 1st. This represents a $0.78 annualized dividend and a dividend yield of 1.90%. Andersons’s payout ratio is 23.49%.

Insider Activity

In other news, VP Weston Heide sold 800 shares of Andersons 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 directly owns 16,104 shares in the company, valued at approximately $772,992. This trade represents a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 5.10% of the company’s stock.

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.