36,490 Shares in Andersons Inc (NASDAQ:ANDE) Bought by Walthausen & Co. LLC

Walthausen & Co. LLC acquired a new position in shares of Andersons Inc (NASDAQ:ANDE) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 36,490 shares of the basic materials company’s stock, valued at approximately $922,000.

A number of other hedge funds have also recently modified their holdings of ANDE. Advisors Preferred LLC acquired a new position in shares of Andersons in the 4th quarter valued at about $26,000. Point72 Hong Kong Ltd raised its holdings in Andersons by 37.0% in the 4th quarter. Point72 Hong Kong Ltd now owns 1,795 shares of the basic materials company’s stock worth $45,000 after acquiring an additional 485 shares during the last quarter. Aigen Investment Management LP purchased a new stake in Andersons during the 4th quarter valued at $46,000. Tower Research Capital LLC TRC grew its position in shares of Andersons by 529.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,171 shares of the basic materials company’s stock valued at $49,000 after acquiring an additional 1,826 shares during the period. Finally, AJO LP bought a new stake in shares of Andersons during the 4th quarter valued at $55,000. Institutional investors and hedge funds own 77.58% of the company’s stock.

Several research analysts have commented on the stock. BidaskClub raised shares of Andersons from a “strong sell” rating to a “sell” rating in a report on Wednesday, March 18th. Zacks Investment Research raised shares of Andersons from a “sell” rating to a “hold” rating in a report on Friday, March 20th. Finally, Buckingham Research dropped their price objective on shares of Andersons from $23.00 to $22.00 and set a “neutral” rating for the company in a report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating and three have given a hold rating to the company. The stock has an average rating of “Hold” and an average target price of $24.00.

In other news, insider William E. Krueger acquired 7,303 shares of the business’s stock in a transaction on Monday, March 16th. The stock was bought at an average price of $15.50 per share, with a total value of $113,196.50. Following the completion of the acquisition, the insider now owns 132,576 shares of the company’s stock, valued at $2,054,928. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Brian A. Valentine bought 5,000 shares of the company’s stock in a transaction dated Tuesday, March 10th. The stock was bought at an average price of $15.99 per share, for a total transaction of $79,950.00. Following the transaction, the chief financial officer now owns 35,866 shares of the company’s stock, valued at $573,497.34. The disclosure for this purchase can be found here. 7.10% of the stock is currently owned by company insiders.

Shares of NASDAQ ANDE traded up $1.11 during mid-day trading on Thursday, hitting $17.73. 237,291 shares of the company’s stock traded hands, compared to its average volume of 197,302. The company’s 50-day moving average is $19.50 and its two-hundred day moving average is $22.07. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.35 and a quick ratio of 0.54. The company has a market capitalization of $613.65 million, a P/E ratio of 32.83 and a beta of 1.42. Andersons Inc has a 1 year low of $10.00 and a 1 year high of $33.55.

Andersons (NASDAQ:ANDE) last announced its earnings results on Wednesday, February 12th. The basic materials company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.05. Andersons had a net margin of 0.22% and a return on equity of 4.07%. The firm had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $2.45 billion. During the same period in the prior year, the company earned $0.92 EPS. The business’s revenue was up 132.0% compared to the same quarter last year. Equities analysts anticipate that Andersons Inc will post 1.6 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 1st will be paid a dividend of $0.175 per share. The ex-dividend date is Tuesday, March 31st. This represents a $0.70 dividend on an annualized basis and a dividend yield of 3.95%. Andersons’s dividend payout ratio is presently 53.85%.

About Andersons

The Andersons, Inc, an agriculture company, operates in the grain, ethanol, plant nutrient, and rail sectors in the United States and internationally. The company's Grain segment operates grain elevators; stores grains; and provides grain marketing, risk management, and corn origination services to its customers and affiliated ethanol facilities.

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Institutional Ownership by Quarter for Andersons (NASDAQ:ANDE)

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