Bailard Inc. Sells 3,600 Shares of The Andersons, Inc. (NASDAQ:ANDE)

Bailard Inc. cut its stake in The Andersons, Inc. (NASDAQ:ANDE) by 27.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,600 shares of the basic materials company’s stock after selling 3,600 shares during the quarter. Bailard Inc.’s holdings in Andersons were worth $552,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of ANDE. C M Bidwell & Associates Ltd. bought a new stake in Andersons during the 3rd quarter worth approximately $33,000. Mitsubishi UFJ Trust & Banking Corp bought a new stake in Andersons during the 3rd quarter worth approximately $107,000. Meeder Asset Management Inc. bought a new stake in Andersons during the 4th quarter worth approximately $110,000. Mackenzie Financial Corp bought a new stake in Andersons during the 4th quarter worth approximately $215,000. Finally, Nomura Holdings Inc. bought a new stake in Andersons during the 3rd quarter worth approximately $216,000. 87.06% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Patrick E. Bowe sold 34,597 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $55.46, for a total value of $1,918,749.62. Following the completion of the sale, the chief executive officer now owns 83,515 shares of the company’s stock, valued at approximately $4,631,741.90. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, CEO Patrick E. Bowe sold 2,623 shares of the stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $55.22, for a total value of $144,842.06. Following the completion of the sale, the chief executive officer now owns 90,653 shares of the company’s stock, valued at approximately $5,005,858.66. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Patrick E. Bowe sold 34,597 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $55.46, for a total value of $1,918,749.62. Following the completion of the sale, the chief executive officer now directly owns 83,515 shares of the company’s stock, valued at approximately $4,631,741.90. The disclosure for this sale can be found here. In the last 90 days, insiders sold 45,245 shares of company stock valued at $2,534,099. 5.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

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

Andersons Trading Up 0.5 %

NASDAQ:ANDE opened at $56.91 on Friday. The Andersons, Inc. has a twelve month low of $35.69 and a twelve month high of $61.46. The company has a quick ratio of 1.00, a current ratio of 1.72 and a debt-to-equity ratio of 0.37. The business has a 50 day moving average price of $55.80 and a two-hundred day moving average price of $53.67. The company has a market cap of $1.94 billion, a P/E ratio of 19.36 and a beta of 0.68.

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

Andersons Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Monday, April 1st were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.34%. The ex-dividend date was Thursday, March 28th. Andersons’s payout ratio is presently 25.85%.

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.