Jane Street Group LLC Cuts Stock Holdings in The Andersons, Inc. (NASDAQ:ANDE)

Jane Street Group LLC cut its position in shares of The Andersons, Inc. (NASDAQ:ANDE) by 17.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 33,126 shares of the basic materials company’s stock after selling 6,850 shares during the period. Jane Street Group LLC owned 0.10% of Andersons worth $1,661,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ANDE. Creative Planning boosted its holdings in Andersons by 6.2% in the 3rd quarter. Creative Planning now owns 5,261 shares of the basic materials company’s stock worth $264,000 after buying an additional 309 shares during the last quarter. Louisiana State Employees Retirement System grew its stake in Andersons by 2.6% during the 2nd quarter. Louisiana State Employees Retirement System now owns 16,000 shares of the basic materials company’s stock valued at $794,000 after acquiring an additional 400 shares in the last quarter. Inspire Advisors LLC raised its holdings in Andersons by 11.8% in the 3rd quarter. Inspire Advisors LLC now owns 4,547 shares of the basic materials company’s stock valued at $228,000 after acquiring an additional 480 shares during the last quarter. nVerses Capital LLC purchased a new position in Andersons in the 2nd quarter worth approximately $25,000. Finally, Quest Partners LLC boosted its holdings in shares of Andersons by 7.7% during the 2nd quarter. Quest Partners LLC now owns 8,751 shares of the basic materials company’s stock worth $434,000 after purchasing an additional 625 shares during the last quarter. Institutional investors and hedge funds own 87.06% of the company’s stock.

Andersons Stock Performance

Andersons stock opened at $40.50 on Friday. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of 11.57 and a beta of 0.57. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.98 and a quick ratio of 1.23. The firm has a 50 day simple moving average of $45.96 and a 200-day simple moving average of $48.24. The Andersons, Inc. has a 1-year low of $39.25 and a 1-year high of $61.46.

Andersons (NASDAQ:ANDE) last posted its earnings results on Monday, November 4th. The basic materials company reported $0.80 earnings per share (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 company had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter last year, the firm earned $0.13 earnings per share. The firm’s quarterly revenue was down 27.9% compared to the same quarter last year. On average, analysts expect that The Andersons, Inc. will post 2.9 EPS for the current 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 issued a $0.195 dividend. This is a positive change from Andersons’s previous quarterly dividend of $0.19. This represents a $0.78 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend is Thursday, January 2nd. Andersons’s payout ratio is 22.29%.

Analyst Ratings Changes

ANDE has been the subject of several recent research reports. Stephens raised Andersons to a “strong-buy” rating in a report on Monday, December 2nd. StockNews.com upgraded Andersons from a “hold” rating to a “buy” rating in a report on Wednesday, November 13th.

Insider Buying and Selling at Andersons

In other Andersons news, insider Joseph E. Mcneely sold 2,382 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $47.73, for a total transaction of $113,692.86. Following the transaction, the insider now directly owns 49,601 shares in the company, valued at $2,367,455.73. This represents 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 at the SEC website. 5.10% of the stock is currently owned by corporate insiders.

Andersons 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.