The Andersons, Inc. (NASDAQ:ANDE) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its stake in shares of The Andersons, Inc. (NASDAQ:ANDE) by 6.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 458,614 shares of the basic materials company’s stock after selling 29,891 shares during the period. Victory Capital Management Inc.’s holdings in Andersons were worth $18,583,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of ANDE. Peoples Bank KS boosted its holdings in Andersons by 250.0% in the fourth quarter. Peoples Bank KS now owns 700 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 500 shares during the last quarter. KBC Group NV lifted its stake in shares of Andersons by 70.3% in the 4th quarter. KBC Group NV now owns 1,558 shares of the basic materials company’s stock valued at $63,000 after purchasing an additional 643 shares in the last quarter. Truvestments Capital LLC acquired a new position in shares of Andersons in the 3rd quarter valued at about $98,000. Systematic Financial Management LP purchased a new stake in shares of Andersons during the 3rd quarter worth about $227,000. Finally, EP Wealth Advisors LLC acquired a new stake in Andersons during the 3rd quarter worth approximately $253,000. 87.06% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Stephens reiterated an “overweight” rating and set a $55.00 price objective on shares of Andersons in a research note on Wednesday, February 19th. StockNews.com lowered shares of Andersons from a “buy” rating to a “hold” rating in a report on Thursday, February 20th.

Andersons Price Performance

ANDE stock opened at $42.33 on Wednesday. The stock has a 50-day simple moving average of $42.33 and a 200-day simple moving average of $45.43. The firm has a market cap of $1.44 billion, a P/E ratio of 12.75 and a beta of 0.48. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.90 and a current ratio of 1.65. The Andersons, Inc. has a 1 year low of $39.25 and a 1 year high of $61.46.

Andersons (NASDAQ:ANDE) last issued its quarterly earnings data on Tuesday, February 18th. The basic materials company reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.34. The company had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $2.72 billion. Andersons had a net margin of 1.01% and a return on equity of 7.59%. On average, equities analysts predict that The Andersons, Inc. will post 3.11 earnings per share for the current fiscal year.

Andersons Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Tuesday, April 1st will be paid a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a yield of 1.84%. The ex-dividend date is Tuesday, April 1st. Andersons’s dividend payout ratio (DPR) is 23.49%.

Insiders Place Their Bets

In other Andersons news, VP Weston Heide sold 800 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $48.00, for a total transaction of $38,400.00. Following the completion of the sale, the vice president now owns 16,104 shares in the company, valued at $772,992. This trade represents a 4.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.10% of the stock is currently owned by company insiders.

About Andersons

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.