Barclays PLC Acquires 42,217 Shares of The Andersons, Inc. (NASDAQ:ANDE)

Barclays PLC increased its holdings in shares of The Andersons, Inc. (NASDAQ:ANDE) by 347.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 54,358 shares of the basic materials company’s stock after buying an additional 42,217 shares during the period. Barclays PLC’s holdings in Andersons were worth $2,725,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. State Street Corp lifted its holdings 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 purchasing an additional 28,773 shares during the period. Intech Investment Management LLC raised its position in Andersons by 375.0% during the 3rd quarter. Intech Investment Management LLC now owns 42,225 shares of the basic materials company’s stock worth $2,117,000 after purchasing an additional 33,336 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Andersons by 23.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 652,579 shares of the basic materials company’s stock worth $32,720,000 after buying an additional 124,468 shares during the period. Renaissance Technologies LLC lifted its holdings in Andersons by 13.1% during the 2nd quarter. Renaissance Technologies LLC now owns 159,576 shares of the basic materials company’s stock worth $7,915,000 after buying an additional 18,500 shares during the period. Finally, Victory Capital Management Inc. grew its position in shares of Andersons by 7.0% in the 3rd quarter. Victory Capital Management Inc. now owns 488,505 shares of the basic materials company’s stock valued at $24,494,000 after buying an additional 31,881 shares during the last quarter. 87.06% of the stock is owned by institutional investors.

Andersons Price Performance

ANDE stock opened at $40.42 on Wednesday. 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 firm has a market cap of $1.38 billion, a price-to-earnings ratio of 11.55 and a beta of 0.57. The company’s fifty day simple moving average is $46.31 and its 200 day simple moving average is $48.35. The Andersons, Inc. has a 12-month low of $39.25 and a 12-month high of $61.46.

Andersons (NASDAQ:ANDE) last announced its quarterly earnings data on Monday, November 4th. The basic materials company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.37. Andersons had a return on equity of 8.21% and a net margin of 1.06%. The company had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same period in the previous year, the business earned $0.13 EPS. The firm’s revenue was down 27.9% compared to the same quarter last year. On average, analysts expect that The Andersons, Inc. will post 2.9 earnings per share for the current year.

Andersons Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Thursday, January 2nd will be paid a $0.195 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $0.78 annualized dividend and a dividend yield of 1.93%. This is a positive change from Andersons’s previous quarterly dividend of $0.19. Andersons’s payout ratio is currently 22.29%.

Wall Street Analyst Weigh In

ANDE has been the subject of a number of analyst reports. Stephens upgraded Andersons to a “strong-buy” rating in a research report on Monday, December 2nd. StockNews.com raised shares of Andersons from a “hold” rating to a “buy” rating in a research report on Wednesday, November 13th.

Insider Activity at Andersons

In other news, insider Joseph E. Mcneely sold 2,382 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $47.73, for a total transaction of $113,692.86. Following the transaction, the insider now owns 49,601 shares in the company, valued at approximately $2,367,455.73. This represents a 4.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 5.10% of the stock is owned by corporate insiders.

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.