Nordea Investment Management AB Grows Position in The Andersons, Inc. (NASDAQ:ANDE)

Nordea Investment Management AB boosted its stake in The Andersons, Inc. (NASDAQ:ANDE) by 86.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 101,099 shares of the basic materials company’s stock after acquiring an additional 46,903 shares during the period. Nordea Investment Management AB’s holdings in Andersons were worth $4,110,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of ANDE. Creative Planning raised 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 valued at $264,000 after purchasing an additional 309 shares during the period. Inspire Advisors LLC lifted its stake in 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 in the last quarter. Quest Partners LLC lifted its stake in Andersons by 7.7% during the 2nd quarter. Quest Partners LLC now owns 8,751 shares of the basic materials company’s stock worth $434,000 after acquiring an additional 625 shares in the last quarter. James Investment Research Inc. grew its position in Andersons by 7.7% in 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 increased its stake in Andersons by 1.2% during 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 during the period. Institutional investors and hedge funds own 87.06% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on ANDE shares. Stephens reissued an “overweight” rating and issued a $60.00 price target on shares of Andersons in a research 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.

Insider Transactions at Andersons

In related news, insider Joseph E. Mcneely sold 2,382 shares of Andersons stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $47.73, for a total transaction of $113,692.86. Following the completion of the transaction, the insider now directly owns 49,601 shares of the company’s stock, valued at approximately $2,367,455.73. The trade was a 4.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 5.10% of the company’s stock.

Andersons Stock Up 0.0 %

Andersons stock opened at $42.22 on Friday. The company 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 debt-to-equity ratio of 0.36, a quick ratio of 1.23 and a current ratio of 1.98. The Andersons, Inc. has a fifty-two week low of $39.25 and a fifty-two week high of $61.46. The stock has a 50-day simple moving average of $44.79 and a 200-day simple moving average of $47.66.

Andersons (NASDAQ:ANDE) last announced its earnings results on Monday, November 4th. The basic materials company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.37. The business had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.90 billion. Andersons had a net margin of 1.06% and a return on equity of 8.21%. The company’s revenue for the quarter was down 27.9% compared to the same quarter last year. During the same period last year, the firm posted $0.13 earnings per share. Equities research analysts expect that The Andersons, Inc. will post 2.9 earnings per share for the current year.

Andersons Increases Dividend

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

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.