EverSource Wealth Advisors LLC Has $116,000 Stock Position in The Andersons, Inc. (NASDAQ:ANDE)

EverSource Wealth Advisors LLC raised its holdings in shares of The Andersons, Inc. (NASDAQ:ANDE) by 16.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,866 shares of the basic materials company’s stock after purchasing an additional 412 shares during the period. EverSource Wealth Advisors LLC’s holdings in Andersons were worth $116,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. State Street Corp raised its stake 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 during 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 during the period. Proficio Capital Partners LLC acquired a new stake in Andersons during the 4th quarter worth $728,000. Peoples Bank KS raised its position in shares of Andersons by 250.0% during the 4th quarter. Peoples Bank KS now owns 700 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 500 shares during the last quarter. Finally, Intech Investment Management LLC lifted its stake 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 period. 87.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. StockNews.com cut Andersons from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Stephens restated an “overweight” rating and set a $55.00 target price on shares of Andersons in a research report on Wednesday, February 19th.

Insider Activity at Andersons

In other news, VP Weston Heide sold 800 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $48.00, for a total value of $38,400.00. Following the completion of the transaction, the vice president now owns 16,104 shares in the company, valued at $772,992. This represents a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 5.10% of the stock is owned by insiders.

Andersons Trading Up 4.1 %

ANDE opened at $43.64 on Tuesday. The firm’s fifty day moving average is $42.46 and its two-hundred day moving average is $45.19. The firm has a market cap of $1.49 billion, a PE ratio of 13.14 and a beta of 0.48. The Andersons, Inc. has a twelve month low of $39.25 and a twelve month high of $61.46. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.90 and a current ratio of 1.65.

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

Andersons Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 1st will be issued a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend is Tuesday, April 1st. Andersons’s dividend payout ratio (DPR) is presently 23.49%.

Andersons Company 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.