Private Management Group Inc. Lowers Stock Position in The Andersons, Inc. (NASDAQ:ANDE)

Private Management Group Inc. lessened its stake in shares of The Andersons, Inc. (NASDAQ:ANDE) by 0.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 100,945 shares of the basic materials company’s stock after selling 891 shares during the quarter. Private Management Group Inc. owned 0.30% of Andersons worth $4,090,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Creative Planning boosted its stake in shares of Andersons by 6.2% in the third quarter. Creative Planning now owns 5,261 shares of the basic materials company’s stock valued at $264,000 after purchasing an additional 309 shares during the period. Inspire Advisors LLC boosted its stake in shares of Andersons by 11.8% in the third quarter. Inspire Advisors LLC now owns 4,547 shares of the basic materials company’s stock valued at $228,000 after purchasing an additional 480 shares during the period. Peoples Bank KS boosted 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 purchasing an additional 500 shares during the period. KBC Group NV boosted its stake 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 valued at $63,000 after purchasing an additional 643 shares during the period. Finally, James Investment Research Inc. boosted its stake in shares of Andersons by 7.7% in the third quarter. James Investment Research Inc. now owns 9,478 shares of the basic materials company’s stock valued at $475,000 after purchasing an additional 675 shares during the period. Hedge funds and other institutional investors own 87.06% of the company’s stock.

Andersons Stock Down 0.9 %

Shares of NASDAQ:ANDE opened at $40.25 on Friday. The firm’s 50 day moving average price is $42.79 and its 200 day moving average price is $46.74. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of 11.50 and a beta of 0.58. The Andersons, Inc. has a fifty-two week low of $39.25 and a fifty-two week high of $61.46. The company has a quick ratio of 1.23, a current ratio of 1.98 and a debt-to-equity ratio of 0.36.

Andersons (NASDAQ:ANDE) last issued its earnings results on Monday, November 4th. The basic materials company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.37. The firm had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.90 billion. Andersons had a net margin of 1.06% and a return on equity of 8.21%. The firm’s revenue was down 27.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.13 earnings per share. As a group, equities research analysts predict that The Andersons, Inc. will post 2.9 earnings per share for the current fiscal year.

Andersons Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 23rd. Investors of record on Thursday, January 2nd were issued a $0.195 dividend. This is a boost from Andersons’s previous quarterly dividend of $0.19. The ex-dividend date was Thursday, January 2nd. This represents a $0.78 annualized dividend and a yield of 1.94%. Andersons’s dividend payout ratio (DPR) is 22.29%.

Insider Activity at Andersons

In other Andersons news, insider Joseph E. Mcneely sold 2,382 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $47.73, for a total transaction of $113,692.86. Following the sale, the insider now owns 49,601 shares of the company’s stock, valued at approximately $2,367,455.73. This trade 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 can be accessed through this link. 5.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

ANDE has been the subject of several recent research reports. StockNews.com lowered shares of Andersons from a “buy” rating to a “hold” rating in a research note on Tuesday. Stephens reaffirmed an “overweight” rating and issued a $60.00 target price on shares of Andersons in a report on Thursday, January 2nd.

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.