Quantbot Technologies LP Purchases 10,015 Shares of The Andersons, Inc. (NASDAQ:ANDE)

Quantbot Technologies LP boosted its position in The Andersons, Inc. (NASDAQ:ANDE) by 1,319.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 10,774 shares of the basic materials company’s stock after purchasing an additional 10,015 shares during the quarter. Quantbot Technologies LP’s holdings in Andersons were worth $437,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its stake in shares of Andersons by 23.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 652,579 shares of the basic materials company’s stock valued at $32,720,000 after buying an additional 124,468 shares in the last quarter. Intech Investment Management LLC grew its position in shares of Andersons by 221.3% in the 4th quarter. Intech Investment Management LLC now owns 135,678 shares of the basic materials company’s stock valued at $5,498,000 after acquiring an additional 93,453 shares during the period. Wedge Capital Management L L P NC acquired a new position in shares of Andersons during the 4th quarter worth about $2,744,000. Wellington Management Group LLP bought a new stake in shares of Andersons in the 3rd quarter valued at about $2,798,000. Finally, Nordea Investment Management AB lifted its stake in Andersons by 86.5% in the 4th quarter. Nordea Investment Management AB now owns 101,099 shares of the basic materials company’s stock valued at $4,110,000 after purchasing an additional 46,903 shares during the last quarter. Institutional investors own 87.06% of the company’s stock.

Andersons Stock Performance

NASDAQ ANDE opened at $43.26 on Friday. The stock has a market cap of $1.48 billion, a PE ratio of 13.03 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 firm has a 50-day moving average of $42.48 and a 200-day moving average of $44.89. The Andersons, Inc. has a 52-week low of $39.25 and a 52-week 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, topping the consensus estimate of $1.02 by $0.34. Andersons had a net margin of 1.01% and a return on equity of 7.59%. The firm had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $2.72 billion. On average, sell-side analysts anticipate that The Andersons, Inc. will post 3.11 EPS for the current year.

Andersons Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 1st will be issued a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date of this dividend is Tuesday, April 1st. Andersons’s dividend payout ratio is 23.49%.

Wall Street Analysts Forecast Growth

ANDE has been the topic of a number of recent analyst reports. StockNews.com downgraded Andersons from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Stephens restated an “overweight” rating and issued a $55.00 price target on shares of Andersons in a research note on Wednesday, February 19th.

Insiders Place Their Bets

In related news, VP Weston Heide sold 800 shares of the company’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $48.00, for a total value of $38,400.00. Following the transaction, the vice president now directly owns 16,104 shares in the company, valued at approximately $772,992. This represents a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 4.30% of the company’s stock.

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.