Nordea Investment Management AB Decreases Stock Position in The Andersons, Inc. $ANDE

Nordea Investment Management AB lessened its stake in The Andersons, Inc. (NASDAQ:ANDE) by 12.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 111,645 shares of the basic materials company’s stock after selling 15,560 shares during the period. Nordea Investment Management AB owned about 0.33% of Andersons worth $5,959,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. AQR Capital Management LLC grew its position in Andersons by 5.5% during the 1st quarter. AQR Capital Management LLC now owns 40,727 shares of the basic materials company’s stock worth $1,748,000 after acquiring an additional 2,137 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Andersons by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,425 shares of the basic materials company’s stock valued at $834,000 after purchasing an additional 866 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Andersons by 0.6% during the second quarter. Geode Capital Management LLC now owns 799,891 shares of the basic materials company’s stock valued at $29,400,000 after purchasing an additional 4,495 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Andersons by 7.7% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,279 shares of the basic materials company’s stock worth $304,000 after purchasing an additional 591 shares during the last quarter. Finally, Cetera Investment Advisers bought a new position in shares of Andersons in the second quarter worth approximately $257,000. 87.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Andersons

In other news, VP Brian K. Walz sold 8,975 shares of Andersons stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $70.74, for a total transaction of $634,891.50. Following the sale, the vice president owned 11,913 shares of the company’s stock, valued at approximately $842,725.62. The trade was a 42.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Anne G. Rex sold 2,624 shares of the business’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $65.16, for a total transaction of $170,979.84. Following the transaction, the vice president owned 23,829 shares in the company, valued at $1,552,697.64. This represents a 9.92% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 29,299 shares of company stock valued at $2,051,771. 4.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

ANDE has been the subject of a number of recent analyst reports. BMO Capital Markets upped their price target on shares of Andersons from $65.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday, February 19th. Benchmark reissued a “buy” rating on shares of Andersons in a report on Wednesday, February 18th. Weiss Ratings restated a “hold (c)” rating on shares of Andersons in a research report on Wednesday, January 21st. Finally, Wall Street Zen downgraded shares of Andersons from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Andersons currently has an average rating of “Moderate Buy” and a consensus price target of $68.33.

Andersons Price Performance

ANDE opened at $72.00 on Friday. 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 stock has a market capitalization of $2.45 billion, a PE ratio of 25.71 and a beta of 0.74. The stock’s 50 day moving average price is $65.62 and its 200-day moving average price is $54.11. The Andersons, Inc. has a 52-week low of $31.03 and a 52-week high of $73.97.

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

Andersons Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 1st will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Wednesday, April 1st. Andersons’s dividend payout ratio (DPR) is currently 28.57%.

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.