The Andersons, Inc. (NASDAQ:ANDE) Stake Lowered by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. cut its stake in shares of The Andersons, Inc. (NASDAQ:ANDE) by 11.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,839 shares of the basic materials company’s stock after selling 1,456 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Andersons were worth $624,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. grew its holdings in shares of Andersons by 2.2% during the first quarter. BlackRock Inc. now owns 5,650,640 shares of the basic materials company’s stock valued at $283,999,000 after purchasing an additional 120,906 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Andersons by 1.2% during the third quarter. Vanguard Group Inc. now owns 3,971,447 shares of the basic materials company’s stock valued at $204,569,000 after purchasing an additional 47,494 shares during the last quarter. State Street Corp grew its holdings in shares of Andersons by 1.2% during the third quarter. State Street Corp now owns 1,237,728 shares of the basic materials company’s stock valued at $38,629,000 after purchasing an additional 14,313 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Andersons by 35.6% during the first quarter. Invesco Ltd. now owns 973,451 shares of the basic materials company’s stock valued at $48,926,000 after purchasing an additional 255,347 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Andersons by 3.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 665,451 shares of the basic materials company’s stock valued at $34,277,000 after purchasing an additional 21,895 shares during the last quarter. 87.06% of the stock is owned by institutional investors.

Insider Buying and Selling at Andersons

In other Andersons news, CEO Patrick E. Bowe sold 34,597 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $55.46, for a total transaction of $1,918,749.62. Following the completion of the transaction, the chief executive officer now directly owns 83,515 shares of the company’s stock, valued at approximately $4,631,741.90. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CEO Patrick E. Bowe sold 1,338 shares of the stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $55.12, for a total transaction of $73,750.56. Following the completion of the sale, the chief executive officer now owns 89,315 shares in the company, valued at approximately $4,923,042.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Patrick E. Bowe sold 34,597 shares of the stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $55.46, for a total value of $1,918,749.62. Following the sale, the chief executive officer now owns 83,515 shares of the company’s stock, valued at approximately $4,631,741.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 38,858 shares of company stock valued at $2,153,845. 5.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

ANDE has been the subject of a number of recent analyst reports. Roth Capital reissued a “buy” rating and issued a $65.00 price objective on shares of Andersons in a report on Tuesday, February 6th. StockNews.com raised Andersons from a “hold” rating to a “buy” rating in a report on Thursday, January 11th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $62.50.

Andersons Stock Performance

Shares of NASDAQ ANDE opened at $56.68 on Thursday. The stock has a fifty day moving average price of $55.14 and a two-hundred day moving average price of $53.32. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.00 and a current ratio of 1.72. The firm has a market cap of $1.93 billion, a P/E ratio of 19.28 and a beta of 0.68. The Andersons, Inc. has a 1 year low of $35.69 and a 1 year high of $58.84.

Andersons (NASDAQ:ANDE) last issued its quarterly earnings results on Wednesday, February 21st. The basic materials company reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.48. The firm had revenue of $3.21 billion during the quarter, compared to analyst estimates of $4.26 billion. Andersons had a return on equity of 8.19% and a net margin of 0.69%. The firm’s quarterly revenue was down 31.3% on a year-over-year basis. During the same period last year, the company posted $0.98 EPS. Research analysts forecast that The Andersons, Inc. will post 2.54 EPS for the current fiscal year.

Andersons Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 22nd. Shareholders of record on Monday, April 1st will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend is Thursday, March 28th. Andersons’s payout ratio is currently 25.85%.

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.