Raymond James Financial Inc. Buys Shares of 13,039 The Andersons, Inc. (NASDAQ:ANDE)

Raymond James Financial Inc. purchased a new position in The Andersons, Inc. (NASDAQ:ANDE) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 13,039 shares of the basic materials company’s stock, valued at approximately $528,000.

A number of other institutional investors have also recently made changes to their positions in ANDE. Peoples Bank KS raised its position in Andersons by 250.0% during the fourth quarter. Peoples Bank KS now owns 700 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 500 shares in the last quarter. KBC Group NV increased its position in shares of Andersons by 70.3% during 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 during the last quarter. EP Wealth Advisors LLC purchased a new position in shares of Andersons during the 3rd quarter valued at about $253,000. Arete Wealth Advisors LLC lifted its position in Andersons by 31.5% in the 3rd quarter. Arete Wealth Advisors LLC now owns 6,131 shares of the basic materials company’s stock worth $306,000 after buying an additional 1,469 shares during the last quarter. Finally, Inspire Investing LLC boosted its stake in Andersons by 18.4% in the fourth quarter. Inspire Investing LLC now owns 10,881 shares of the basic materials company’s stock worth $441,000 after buying an additional 1,690 shares in the last quarter. Institutional investors own 87.06% of the company’s stock.

Insider Buying and Selling at Andersons

In other Andersons news, VP Weston Heide sold 800 shares of Andersons stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $48.00, for a total value of $38,400.00. Following the completion of the sale, the vice president now owns 16,104 shares of the company’s stock, valued at approximately $772,992. The trade was a 4.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 4.30% of the company’s stock.

Andersons Trading Down 4.0 %

Shares of ANDE opened at $37.08 on Tuesday. The Andersons, Inc. has a 1-year low of $36.41 and a 1-year high of $61.46. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 11.17 and a beta of 0.55. The firm’s 50-day moving average price is $42.20 and its 200-day moving average price is $44.56. The company has a current ratio of 1.65, a quick ratio of 0.90 and a debt-to-equity ratio of 0.38.

Andersons (NASDAQ:ANDE) last released its earnings results on Tuesday, February 18th. The basic materials company reported $1.36 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.34. The firm had revenue of $3.12 billion for 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%. Sell-side analysts anticipate that The Andersons, Inc. will post 3.11 EPS for the current year.

Andersons Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Tuesday, April 1st will be given a $0.195 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $0.78 annualized dividend and a yield of 2.10%. Andersons’s dividend payout ratio (DPR) is presently 23.49%.

Wall Street Analyst Weigh In

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

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.