Sei Investments Co. Sells 1,150 Shares of The Andersons, Inc. (NASDAQ:ANDE)

Sei Investments Co. decreased its holdings in The Andersons, Inc. (NASDAQ:ANDE) by 1.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 70,128 shares of the basic materials company’s stock after selling 1,150 shares during the period. Sei Investments Co. owned approximately 0.21% of Andersons worth $2,842,000 as of its most recent SEC filing.

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

Andersons Stock Performance

Shares of ANDE opened at $38.61 on Friday. The firm has a market capitalization of $1.32 billion, a P/E ratio of 11.63 and a beta of 0.48. The Andersons, Inc. has a 52 week low of $37.62 and a 52 week high of $61.46. The stock has a 50 day moving average price of $42.33 and a two-hundred day moving average price of $44.71. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.90 and a current ratio of 1.65.

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

Andersons Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 1st will be given a $0.195 dividend. This represents a $0.78 annualized dividend and a dividend yield of 2.02%. The ex-dividend date of this dividend is Tuesday, April 1st. Andersons’s dividend payout ratio (DPR) is currently 23.49%.

Insider Activity at Andersons

In other Andersons news, VP Weston Heide sold 800 shares of the company’s 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 transaction, the vice president now directly owns 16,104 shares in the company, valued at $772,992. This represents a 4.73 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

ANDE has been the topic of a number of analyst reports. Stephens reaffirmed an “overweight” rating and issued 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 report on Thursday, February 20th.

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.