Empowered Funds LLC Grows Stock Position in The Andersons, Inc. (NASDAQ:ANDE)

Empowered Funds LLC boosted its stake in shares of The Andersons, Inc. (NASDAQ:ANDE) by 5.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 232,213 shares of the basic materials company’s stock after acquiring an additional 12,792 shares during the period. Empowered Funds LLC’s holdings in Andersons were worth $9,364,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of ANDE. State Street Corp grew its position in shares of Andersons by 2.2% during the third quarter. State Street Corp now owns 1,337,344 shares of the basic materials company’s stock worth $67,054,000 after buying an additional 28,773 shares in the last quarter. Nordea Investment Management AB grew its holdings in Andersons by 86.5% during the 4th quarter. Nordea Investment Management AB now owns 101,099 shares of the basic materials company’s stock worth $4,110,000 after acquiring an additional 46,903 shares in the last quarter. Intech Investment Management LLC increased its position in shares of Andersons by 375.0% in the 3rd quarter. Intech Investment Management LLC now owns 42,225 shares of the basic materials company’s stock valued at $2,117,000 after purchasing an additional 33,336 shares during the last quarter. Peoples Bank KS raised its holdings in shares of Andersons by 250.0% in the 4th 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Andersons by 23.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 652,579 shares of the basic materials company’s stock worth $32,720,000 after purchasing an additional 124,468 shares during the last quarter. Hedge funds and other institutional investors own 87.06% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on ANDE. StockNews.com lowered Andersons from a “buy” rating to a “hold” rating in a report on Tuesday, February 4th. Stephens reiterated an “overweight” rating and issued a $60.00 price objective on shares of Andersons in a report on Thursday, January 2nd.

Andersons Stock Up 0.2 %

Shares of NASDAQ:ANDE opened at $40.35 on Monday. The company has a current ratio of 1.98, a quick ratio of 1.23 and a debt-to-equity ratio of 0.36. The firm has a 50 day simple moving average of $42.65 and a 200-day simple moving average of $46.58. The company has a market capitalization of $1.37 billion, a PE ratio of 11.53 and a beta of 0.58. The Andersons, Inc. has a twelve month low of $39.25 and a twelve month high of $61.46.

Andersons Increases Dividend

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

Insiders Place Their Bets

In other 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 transaction, the insider now directly owns 49,601 shares in the company, valued at approximately $2,367,455.73. This trade represents a 4.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 5.10% of the company’s stock.

About Andersons

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.