JPMorgan Chase & Co. Has $18.03 Million Stock Position in The Andersons, Inc. (NASDAQ:ANDE)

JPMorgan Chase & Co. lessened its position in shares of The Andersons, Inc. (NASDAQ:ANDE) by 1.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 359,671 shares of the basic materials company’s stock after selling 6,962 shares during the quarter. JPMorgan Chase & Co.’s holdings in Andersons were worth $18,034,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Creative Planning lifted its position in Andersons by 6.2% in the third quarter. Creative Planning now owns 5,261 shares of the basic materials company’s stock worth $264,000 after purchasing an additional 309 shares during the period. Inspire Advisors LLC lifted its holdings in shares of Andersons by 11.8% during the 3rd quarter. Inspire Advisors LLC now owns 4,547 shares of the basic materials company’s stock worth $228,000 after acquiring an additional 480 shares during the period. Quest Partners LLC boosted its position in shares of Andersons by 7.7% during the 2nd quarter. Quest Partners LLC now owns 8,751 shares of the basic materials company’s stock valued at $434,000 after acquiring an additional 625 shares in the last quarter. James Investment Research Inc. boosted its position in shares of Andersons by 7.7% during the 3rd quarter. James Investment Research Inc. now owns 9,478 shares of the basic materials company’s stock valued at $475,000 after acquiring an additional 675 shares in the last quarter. Finally, Martingale Asset Management L P raised its position in Andersons by 1.2% in the third quarter. Martingale Asset Management L P now owns 61,245 shares of the basic materials company’s stock worth $3,071,000 after purchasing an additional 713 shares in the last quarter. 87.06% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on ANDE shares. Stephens reaffirmed an “overweight” rating and set a $60.00 price objective on shares of Andersons in a report on Thursday, January 2nd. StockNews.com raised Andersons from a “hold” rating to a “buy” rating in a research note on Wednesday, November 13th.

Andersons Trading Up 1.4 %

Shares of Andersons stock opened at $42.21 on Friday. The Andersons, Inc. has a 12-month low of $39.25 and a 12-month high of $61.46. The stock has a market capitalization of $1.44 billion, a P/E ratio of 12.06 and a beta of 0.59. The company has a 50-day simple moving average of $44.79 and a 200 day simple moving average of $47.66. The company has a quick ratio of 1.23, a current ratio of 1.98 and a debt-to-equity ratio of 0.36.

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

Andersons Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Thursday, January 2nd will be given a $0.195 dividend. This is an increase from Andersons’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $0.78 annualized dividend and a yield of 1.85%. Andersons’s payout ratio is presently 22.29%.

Insiders Place Their Bets

In related news, insider Joseph E. Mcneely sold 2,382 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $47.73, for a total value of $113,692.86. Following the completion of the sale, the insider now owns 49,601 shares of the company’s stock, valued at $2,367,455.73. This trade represents a 4.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 5.10% of the company’s stock.

Andersons 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.