The Andersons, Inc. (NASDAQ:ANDE) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lessened its stake in The Andersons, Inc. (NASDAQ:ANDE) by 1.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 24,833 shares of the basic materials company’s stock after selling 398 shares during the period. Thrivent Financial for Lutherans owned about 0.07% of Andersons worth $1,006,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ANDE. Peoples Bank KS boosted its position 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 worth $28,000 after buying an additional 500 shares during the period. KBC Group NV lifted its stake in Andersons by 70.3% during the 4th quarter. KBC Group NV now owns 1,558 shares of the basic materials company’s stock worth $63,000 after acquiring an additional 643 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Andersons by 16.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,866 shares of the basic materials company’s stock worth $116,000 after acquiring an additional 412 shares in the last quarter. Systematic Financial Management LP acquired a new position in Andersons in the 3rd quarter valued at about $227,000. Finally, EP Wealth Advisors LLC acquired a new position in Andersons in the 3rd quarter valued at about $253,000. Hedge funds and other institutional investors own 87.06% of the company’s stock.

Analyst Upgrades and Downgrades

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

Andersons Trading Up 1.0 %

ANDE opened at $43.37 on Wednesday. The business has a fifty day moving average price of $42.44 and a 200 day moving average price of $44.81. 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 12 month low of $39.25 and a 12 month high of $61.46. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of 13.06 and a beta of 0.48.

Andersons (NASDAQ:ANDE) last announced its quarterly earnings data on Tuesday, February 18th. The basic materials company reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.34. Andersons had a return on equity of 7.59% and a net margin of 1.01%. The business had revenue of $3.12 billion during the quarter, compared to analysts’ expectations of $2.72 billion. Sell-side analysts expect that The Andersons, Inc. will post 3.11 earnings per share for the current fiscal year.

Andersons Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 1st will be issued a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend is Tuesday, April 1st. Andersons’s dividend payout ratio (DPR) is presently 23.49%.

Insider Buying and Selling at Andersons

In related news, VP Weston Heide sold 800 shares of the business’s stock in a transaction 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 in the company, valued at approximately $772,992. The trade was a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 4.30% of the company’s stock.

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.