Avantax Advisory Services Inc. Has $359,000 Stock Holdings in The Andersons, Inc. (NASDAQ:ANDE)

Avantax Advisory Services Inc. decreased its holdings in shares of The Andersons, Inc. (NASDAQ:ANDE) by 2.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,853 shares of the basic materials company’s stock after selling 254 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Andersons were worth $359,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in ANDE. Peoples Bank KS grew its stake in shares of 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 buying an additional 500 shares in the last quarter. KBC Group NV lifted its stake in Andersons by 70.3% in the fourth quarter. KBC Group NV now owns 1,558 shares of the basic materials company’s stock valued at $63,000 after acquiring an additional 643 shares during the last quarter. Truvestments Capital LLC bought a new position in shares of Andersons in the 3rd quarter valued at about $98,000. EverSource Wealth Advisors LLC increased its stake in shares of Andersons by 16.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,866 shares of the basic materials company’s stock worth $116,000 after purchasing an additional 412 shares during the last quarter. Finally, Systematic Financial Management LP bought a new stake in shares of Andersons in the 3rd quarter valued at about $227,000. Institutional investors own 87.06% of the company’s stock.

Insider Activity

In other news, VP Weston Heide sold 800 shares of the company’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 value of $38,400.00. Following the completion of the transaction, the vice president now owns 16,104 shares of the company’s stock, valued at $772,992. This represents a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 5.10% of the stock is owned by corporate insiders.

Andersons Price Performance

Shares of ANDE opened at $42.90 on Tuesday. The company’s 50-day moving average is $42.54 and its 200-day moving average is $44.96. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.65 and a quick ratio of 0.90. The firm has a market capitalization of $1.47 billion, a PE ratio of 12.92 and a beta of 0.48. The Andersons, Inc. has a fifty-two week low of $39.25 and a fifty-two week high of $61.46.

Andersons (NASDAQ:ANDE) last issued its quarterly earnings results 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 business had revenue of $3.12 billion during the quarter, compared to analysts’ expectations of $2.72 billion. Andersons had a return on equity of 7.59% and a net margin of 1.01%. Equities analysts forecast that The Andersons, Inc. will post 3.11 EPS for the current year.

Andersons Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 1st will be issued a dividend of $0.195 per share. The ex-dividend date is Tuesday, April 1st. This represents a $0.78 annualized dividend and a dividend yield of 1.82%. Andersons’s dividend payout ratio (DPR) is presently 23.49%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on ANDE shares. Stephens reissued an “overweight” rating and set a $55.00 price target on shares of Andersons in a research report on Wednesday, February 19th. StockNews.com lowered Andersons from a “buy” rating to a “hold” rating in a report on Thursday, February 20th.

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.