Barclays PLC Acquires 42,217 Shares of The Andersons, Inc. (NASDAQ:ANDE)

Barclays PLC lifted its holdings in shares of The Andersons, Inc. (NASDAQ:ANDE) by 347.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 54,358 shares of the basic materials company’s stock after purchasing an additional 42,217 shares during the quarter. Barclays PLC owned 0.16% of Andersons worth $2,725,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. EP Wealth Advisors LLC acquired a new stake in Andersons during the third quarter worth approximately $253,000. Wellington Management Group LLP bought a new stake in shares of Andersons during the 3rd quarter valued at $2,798,000. State Street Corp grew its holdings in shares of Andersons by 2.2% during the 3rd quarter. State Street Corp now owns 1,337,344 shares of the basic materials company’s stock worth $67,054,000 after purchasing an additional 28,773 shares in the last quarter. Systematic Financial Management LP acquired a new stake in shares of Andersons during the 3rd quarter worth $227,000. Finally, Hotchkis & Wiley Capital Management LLC increased its position in shares of Andersons by 4.2% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 182,410 shares of the basic materials company’s stock worth $9,146,000 after purchasing an additional 7,360 shares during the period. 87.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Andersons

In other news, insider Joseph E. Mcneely sold 2,382 shares of the stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $47.73, for a total value of $113,692.86. Following the completion of the transaction, the insider now directly owns 49,601 shares in the company, valued at approximately $2,367,455.73. This represents a 4.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 5.10% of the company’s stock.

Andersons Price Performance

Andersons stock opened at $40.42 on Wednesday. The stock has a fifty day moving average of $46.31 and a 200-day moving average of $48.35. The stock has a market capitalization of $1.38 billion, a P/E ratio of 11.55 and a beta of 0.57. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.23 and a current ratio of 1.98. The Andersons, Inc. has a 52 week low of $39.25 and a 52 week high of $61.46.

Andersons (NASDAQ:ANDE) last issued its earnings results on Monday, November 4th. The basic materials company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.43 by $0.37. Andersons had a return on equity of 8.21% and a net margin of 1.06%. The firm had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter in the previous year, the firm earned $0.13 earnings per share. The business’s quarterly revenue was down 27.9% on a year-over-year basis. On average, sell-side analysts expect that The Andersons, Inc. will post 2.9 earnings per share for the current fiscal year.

Andersons Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Investors of record on Thursday, January 2nd will be paid a $0.195 dividend. This is an increase from Andersons’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $0.78 annualized dividend and a yield of 1.93%. Andersons’s dividend payout ratio is presently 22.29%.

Analyst Ratings Changes

A number of brokerages have issued reports on ANDE. StockNews.com upgraded shares of Andersons from a “hold” rating to a “buy” rating in a research note on Wednesday, November 13th. Stephens upgraded shares of Andersons to a “strong-buy” rating in a research report on Monday, December 2nd.

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.