The Andersons, Inc. (NASDAQ:ANDE) Stock Position Reduced by New York State Teachers Retirement System

New York State Teachers Retirement System trimmed its stake in shares of The Andersons, Inc. (NASDAQ:ANDE) by 7.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 59,826 shares of the basic materials company’s stock after selling 4,687 shares during the quarter. New York State Teachers Retirement System owned about 0.18% of Andersons worth $2,424,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in ANDE. Empowered Funds LLC increased its position in shares of Andersons by 5.8% during the 4th quarter. Empowered Funds LLC now owns 232,213 shares of the basic materials company’s stock valued at $9,364,000 after purchasing an additional 12,792 shares during the period. KBC Group NV boosted its position in shares of Andersons by 70.3% in the fourth quarter. KBC Group NV now owns 1,558 shares of the basic materials company’s stock worth $63,000 after buying an additional 643 shares during the period. Exchange Traded Concepts LLC raised its holdings in shares of Andersons by 5.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 20,951 shares of the basic materials company’s stock worth $849,000 after acquiring an additional 1,100 shares in the last quarter. Inspire Investing LLC raised its holdings in shares of Andersons by 18.4% during the fourth quarter. Inspire Investing LLC now owns 10,881 shares of the basic materials company’s stock worth $441,000 after acquiring an additional 1,690 shares in the last quarter. Finally, Wedge Capital Management L L P NC bought a new position in Andersons during the fourth quarter valued at about $2,744,000. 87.06% of the stock is currently owned by institutional investors and hedge funds.

Andersons Stock Performance

ANDE stock opened at $45.53 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.65 and a quick ratio of 1.23. The company has a 50 day moving average price of $41.86 and a 200 day moving average price of $45.92. The Andersons, Inc. has a fifty-two week low of $39.25 and a fifty-two week high of $61.46. The stock has a market capitalization of $1.55 billion, a PE ratio of 13.71 and a beta of 0.58.

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

Andersons Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Tuesday, April 1st will be paid a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date is Tuesday, April 1st. Andersons’s payout ratio is presently 23.49%.

Wall Street Analyst Weigh In

ANDE has been the topic of a number of recent analyst reports. Stephens reiterated an “overweight” rating and issued a $55.00 price objective on shares of Andersons in a research note on Wednesday. StockNews.com downgraded Andersons from a “buy” rating to a “hold” rating in a report on Thursday.

Insider Buying and Selling

In other news, insider Joseph E. Mcneely sold 2,382 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $47.73, for a total transaction of $113,692.86. Following the completion of 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 position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Weston Heide sold 800 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $48.00, for a total transaction of $38,400.00. Following the transaction, the vice president now owns 16,104 shares of the company’s stock, valued at approximately $772,992. This represents a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.10% of the company’s stock.

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.