Wedge Capital Management L L P NC Sells 12,119 Shares of The Andersons, Inc. $ANDE

Wedge Capital Management L L P NC decreased its position in shares of The Andersons, Inc. (NASDAQ:ANDE) by 18.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 54,555 shares of the basic materials company’s stock after selling 12,119 shares during the quarter. Wedge Capital Management L L P NC owned 0.16% of Andersons worth $2,901,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of ANDE. Wealth Enhancement Advisory Services LLC bought a new position in Andersons in the third quarter worth approximately $30,000. Larson Financial Group LLC raised its position in shares of Andersons by 33,600.0% during the third quarter. Larson Financial Group LLC now owns 1,011 shares of the basic materials company’s stock valued at $40,000 after buying an additional 1,008 shares during the last quarter. GAMMA Investing LLC lifted its stake in Andersons by 34.8% in the 4th quarter. GAMMA Investing LLC now owns 1,266 shares of the basic materials company’s stock worth $67,000 after purchasing an additional 327 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Andersons by 227.9% in the second quarter. Tower Research Capital LLC TRC now owns 2,954 shares of the basic materials company’s stock worth $109,000 after buying an additional 2,053 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its stake in Andersons by 57.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 4,400 shares of the basic materials company’s stock worth $162,000 after acquiring an additional 1,600 shares during the last quarter. 87.06% of the stock is currently owned by institutional investors.

Andersons Stock Performance

Shares of NASDAQ ANDE opened at $73.19 on Monday. The business’s 50 day moving average price is $65.93 and its 200-day moving average price is $54.54. The company has a market cap of $2.49 billion, a price-to-earnings ratio of 26.14 and a beta of 0.74. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.60 and a current ratio of 1.41. The Andersons, Inc. has a fifty-two week low of $31.03 and a fifty-two week high of $73.97.

Andersons (NASDAQ:ANDE) last released its earnings results on Tuesday, February 17th. The basic materials company reported $2.04 earnings per share for the quarter, topping analysts’ consensus estimates of $1.56 by $0.48. Andersons had a return on equity of 7.76% and a net margin of 0.87%.The business had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.69 billion. During the same quarter last year, the firm posted $1.31 earnings per share. The business’s revenue was down 18.8% compared to the same quarter last year. On average, sell-side analysts expect that The Andersons, Inc. will post 3.11 earnings per share for the current year.

Andersons Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Investors of record on Wednesday, April 1st will be issued a dividend of $0.20 per share. The ex-dividend date is Wednesday, April 1st. This represents a $0.80 dividend on an annualized basis and a yield of 1.1%. Andersons’s dividend payout ratio (DPR) is presently 28.57%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on ANDE shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Andersons in a research note on Wednesday, January 21st. Benchmark restated a “buy” rating on shares of Andersons in a report on Wednesday, February 18th. BMO Capital Markets boosted their price objective on Andersons from $65.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, February 19th. Finally, Wall Street Zen lowered Andersons from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Andersons has a consensus rating of “Moderate Buy” and a consensus price target of $68.33.

Insider Activity at Andersons

In other Andersons news, Director John T. Stout, Jr. sold 2,500 shares of the business’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $70.30, for a total value of $175,750.00. Following the completion of the sale, the director directly owned 23,441 shares of the company’s stock, valued at $1,647,902.30. The trade was a 9.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Brian K. Walz sold 8,975 shares of the company’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $70.74, for a total transaction of $634,891.50. Following the completion of the transaction, the vice president owned 11,913 shares in the company, valued at $842,725.62. This represents a 42.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 29,299 shares of company stock worth $2,051,771. Corporate insiders own 4.30% of the company’s stock.

Andersons Profile

The Andersons, Inc operates as a diversified agriculture company offering a broad range of products and services to farmers, retailers and industrial customers. Through its Grain Group, the company purchases, stores, merchandises and transports corn, soybeans and other commodities, while its Renewables Group produces ethanol and distillers grains at multiple plants in the U.S. The Rail Group provides locomotive leasing, railcar repair and related maintenance services, and the Horticulture Group supplies turf, specialty and horticultural products to landscaping professionals and consumer lawn and garden retailers.

Founded in 1947 and headquartered in Maumee, Ohio, The Andersons has grown from a regional grain elevator operator into an integrated agribusiness platform.