Peregrine Capital Management LLC Has $3.85 Million Position in The Andersons, Inc. (NASDAQ:ANDE)

Peregrine Capital Management LLC decreased its holdings in shares of The Andersons, Inc. (NASDAQ:ANDE) by 3.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 94,891 shares of the basic materials company’s stock after selling 3,468 shares during the period. Peregrine Capital Management LLC owned approximately 0.28% of Andersons worth $3,845,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in ANDE. Creative Planning raised its holdings 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 last quarter. Peoples Bank KS grew its position in Andersons by 250.0% in the 4th quarter. Peoples Bank KS now owns 700 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 500 shares in the last quarter. KBC Group NV increased its stake in Andersons by 70.3% in the 4th quarter. KBC Group NV now owns 1,558 shares of the basic materials company’s stock valued at $63,000 after buying an additional 643 shares during the last quarter. James Investment Research Inc. lifted its position in shares of Andersons by 7.7% during the 3rd quarter. James Investment Research Inc. now owns 9,478 shares of the basic materials company’s stock worth $475,000 after buying an additional 675 shares in the last quarter. Finally, Martingale Asset Management L P boosted its stake in shares of Andersons by 1.2% in the 3rd quarter. Martingale Asset Management L P now owns 61,245 shares of the basic materials company’s stock worth $3,071,000 after buying an additional 713 shares during the last quarter. 87.06% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on ANDE shares. Stephens reaffirmed an “overweight” rating and set a $55.00 price target on shares of Andersons in a research report on Wednesday. StockNews.com upgraded Andersons from a “hold” rating to a “buy” rating in a research note on Wednesday, February 12th.

Insider Activity at Andersons

In related news, insider Joseph E. Mcneely sold 2,382 shares of Andersons stock in a transaction that occurred on Wednesday, November 27th. The shares were 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 directly owns 49,601 shares in the company, valued at approximately $2,367,455.73. The trade was a 4.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.10% of the stock is currently owned by company insiders.

Andersons Stock Up 17.3 %

ANDE opened at $47.81 on Thursday. The company’s 50-day moving average price is $41.83 and its two-hundred day moving average price is $45.95. The company has a quick ratio of 1.23, a current ratio of 1.98 and a debt-to-equity ratio of 0.36. The Andersons, Inc. has a twelve month low of $39.25 and a twelve month high of $61.46. The stock has a market cap of $1.63 billion, a price-to-earnings ratio of 13.66 and a beta of 0.58.

Andersons (NASDAQ:ANDE) last announced its quarterly earnings data on Tuesday, February 18th. The basic materials company reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.34. Andersons had a return on equity of 8.21% and a net margin of 1.06%. The business had revenue of $3.12 billion during the quarter, compared to analyst estimates of $2.72 billion. As a group, equities analysts expect that The Andersons, Inc. will post 2.84 earnings per share for the current year.

Andersons Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Tuesday, April 1st will be issued a $0.195 dividend. This represents a $0.78 annualized dividend and a yield of 1.63%. The ex-dividend date is Tuesday, April 1st. Andersons’s dividend payout ratio (DPR) is currently 22.29%.

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.