Geode Capital Management LLC Acquires 14,634 Shares of The Andersons, Inc. (NASDAQ:ANDE)

Geode Capital Management LLC raised its holdings in The Andersons, Inc. (NASDAQ:ANDE) by 1.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 785,139 shares of the basic materials company’s stock after buying an additional 14,634 shares during the period. Geode Capital Management LLC owned about 2.30% of Andersons worth $39,374,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in ANDE. nVerses Capital LLC bought a new stake in Andersons in the 2nd quarter valued at $25,000. Innealta Capital LLC bought a new position in shares of Andersons in the second quarter valued at about $57,000. Truvestments Capital LLC acquired a new stake in shares of Andersons during the 3rd quarter worth about $98,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Andersons by 92.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,087 shares of the basic materials company’s stock worth $114,000 after buying an additional 1,003 shares during the period. Finally, Inspire Advisors LLC acquired a new position in Andersons in the 2nd quarter valued at about $202,000. 87.06% of the stock is owned by institutional investors and hedge funds.

Andersons Trading Up 0.7 %

ANDE stock opened at $40.42 on Wednesday. The Andersons, Inc. has a 52 week low of $39.25 and a 52 week high of $61.46. The company has a market capitalization of $1.38 billion, a PE ratio of 11.55 and a beta of 0.57. The company’s 50-day simple moving average is $46.31 and its 200 day simple moving average is $48.35. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.23 and a current ratio of 1.98.

Andersons (NASDAQ:ANDE) last announced its earnings results on Monday, November 4th. The basic materials company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.37. Andersons had a net margin of 1.06% and a return on equity of 8.21%. The firm had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same quarter in the prior year, the business posted $0.13 EPS. The business’s revenue was down 27.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Andersons, Inc. will post 2.9 earnings per share for the current year.

Andersons Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Thursday, January 2nd will be paid a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date is Thursday, January 2nd. This is a positive change from Andersons’s previous quarterly dividend of $0.19. Andersons’s dividend payout ratio (DPR) is 22.29%.

Insider Buying and Selling at Andersons

In related news, insider Joseph E. Mcneely sold 2,382 shares of the business’s stock in a transaction dated 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 owns 49,601 shares of the company’s stock, valued at $2,367,455.73. The trade was a 4.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 5.10% of the company’s stock.

Wall Street Analyst Weigh In

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

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.