Peoples Bank KS Purchases 500 Shares of The Andersons, Inc. (NASDAQ:ANDE)

Peoples Bank KS increased its position in shares of The Andersons, Inc. (NASDAQ:ANDE) by 250.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 700 shares of the basic materials company’s stock after purchasing an additional 500 shares during the period. Peoples Bank KS’s holdings in Andersons were worth $28,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. State Street Corp increased its position in shares of Andersons by 2.2% during the third quarter. State Street Corp now owns 1,337,344 shares of the basic materials company’s stock worth $67,054,000 after acquiring an additional 28,773 shares in the last quarter. Intech Investment Management LLC boosted its stake in Andersons by 375.0% during the 3rd quarter. Intech Investment Management LLC now owns 42,225 shares of the basic materials company’s stock valued at $2,117,000 after purchasing an additional 33,336 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Andersons by 23.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 652,579 shares of the basic materials company’s stock worth $32,720,000 after purchasing an additional 124,468 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Andersons by 1.9% in the third quarter. Geode Capital Management LLC now owns 785,139 shares of the basic materials company’s stock worth $39,374,000 after purchasing an additional 14,634 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of Andersons by 13.1% in the second quarter. Renaissance Technologies LLC now owns 159,576 shares of the basic materials company’s stock valued at $7,915,000 after purchasing an additional 18,500 shares in the last quarter. Institutional investors own 87.06% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Stephens reaffirmed an “overweight” rating and set a $60.00 target price on shares of Andersons in a research report on Thursday, January 2nd. StockNews.com raised shares of Andersons from a “hold” rating to a “buy” rating in a report on Wednesday, November 13th.

Andersons Price Performance

Andersons stock opened at $41.64 on Wednesday. The Andersons, Inc. has a 52 week low of $39.25 and a 52 week high of $61.46. The company’s 50 day moving average price is $44.92 and its two-hundred day moving average price is $47.74. The stock has a market cap of $1.42 billion, a P/E ratio of 11.90 and a beta of 0.59. The company has a quick ratio of 1.23, a current ratio of 1.98 and a debt-to-equity ratio of 0.36.

Andersons (NASDAQ:ANDE) last issued its quarterly earnings results on Monday, November 4th. The basic materials company reported $0.80 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 return on equity of 8.21% and a net margin of 1.06%. Andersons’s quarterly revenue was down 27.9% compared to the same quarter last year. During the same period last year, the company posted $0.13 earnings per share. On average, equities analysts predict that The Andersons, Inc. will post 2.9 earnings per share for the current year.

Andersons Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Investors of record on Thursday, January 2nd will be issued a $0.195 dividend. This is an increase from Andersons’s previous quarterly dividend of $0.19. This represents a $0.78 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date is Thursday, January 2nd. Andersons’s payout ratio is 22.29%.

Insider Activity at Andersons

In related news, insider Joseph E. Mcneely sold 2,382 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $47.73, for a total value of $113,692.86. Following the transaction, the insider now owns 49,601 shares in the company, valued at approximately $2,367,455.73. This represents a 4.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 5.10% of the stock is 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.