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.
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%.
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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