Bfsg LLC Has $174,000 Holdings in The Andersons, Inc. (NASDAQ:ANDE)

Bfsg LLC decreased its holdings in The Andersons, Inc. (NASDAQ:ANDE) by 48.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 3,030 shares of the basic materials company’s stock after selling 2,846 shares during the period. Bfsg LLC’s holdings in Andersons were worth $174,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the company. Wedge Capital Management L L P NC lifted its holdings in shares of Andersons by 3.8% in the fourth quarter. Wedge Capital Management L L P NC now owns 11,461 shares of the basic materials company’s stock worth $659,000 after buying an additional 423 shares in the last quarter. CWM LLC grew its position in Andersons by 8,577.4% in the 4th quarter. CWM LLC now owns 19,611 shares of the basic materials company’s stock valued at $1,128,000 after acquiring an additional 19,385 shares in the last quarter. Redmont Wealth Advisors LLC lifted its stake in Andersons by 34.1% in the fourth quarter. Redmont Wealth Advisors LLC now owns 15,558 shares of the basic materials company’s stock valued at $895,000 after buying an additional 3,952 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Andersons by 29.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,407 shares of the basic materials company’s stock valued at $426,000 after acquiring an additional 1,707 shares in the last quarter. Finally, Mackenzie Financial Corp acquired a new stake in Andersons during the fourth quarter worth about $215,000. Hedge funds and other institutional investors own 87.06% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Patrick E. Bowe sold 1,338 shares of the company’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $55.12, for a total transaction of $73,750.56. Following the completion of the sale, the chief executive officer now owns 89,315 shares of the company’s stock, valued at approximately $4,923,042.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Andersons news, Director Michael J. Anderson sold 3,000 shares of the firm’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $59.00, for a total transaction of $177,000.00. Following the transaction, the director now directly owns 209,968 shares in the company, valued at $12,388,112. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Patrick E. Bowe sold 1,338 shares of the company’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $55.12, for a total transaction of $73,750.56. Following the sale, the chief executive officer now owns 89,315 shares of the company’s stock, valued at approximately $4,923,042.80. The disclosure for this sale can be found here. Insiders sold 45,245 shares of company stock worth $2,534,099 over the last quarter. 5.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

ANDE has been the subject of a number of research analyst reports. Roth Capital reiterated a “buy” rating and set a $65.00 price target on shares of Andersons in a report on Tuesday, February 6th. StockNews.com raised shares of Andersons from a “hold” rating to a “buy” rating in a report on Thursday, January 11th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $62.50.

Andersons Stock Performance

ANDE stock traded down $1.63 during midday trading on Thursday, hitting $55.75. 47,454 shares of the stock traded hands, compared to its average volume of 183,826. The firm has a market cap of $1.90 billion, a P/E ratio of 19.52 and a beta of 0.68. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.72 and a quick ratio of 1.00. The stock’s fifty day simple moving average is $55.71 and its 200-day simple moving average is $53.60. The Andersons, Inc. has a 1-year low of $35.69 and a 1-year high of $61.46.

Andersons (NASDAQ:ANDE) last posted its quarterly earnings results on Wednesday, February 21st. The basic materials company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.11 by $0.48. The firm had revenue of $3.21 billion for the quarter, compared to analyst estimates of $4.26 billion. Andersons had a net margin of 0.69% and a return on equity of 8.19%. Andersons’s revenue for the quarter was down 31.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.98 earnings per share. On average, analysts expect that The Andersons, Inc. will post 2.54 earnings per share for the current year.

Andersons Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Monday, April 1st were issued a dividend of $0.19 per share. The ex-dividend date was Thursday, March 28th. This represents a $0.76 annualized dividend and a yield of 1.36%. Andersons’s payout ratio is 25.85%.

Andersons 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.