First Trust Advisors LP Has $3.19 Million Stock Position in The Andersons, Inc. (NASDAQ:ANDE)

First Trust Advisors LP boosted its stake in shares of The Andersons, Inc. (NASDAQ:ANDE) by 8.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 78,774 shares of the basic materials company’s stock after purchasing an additional 5,953 shares during the quarter. First Trust Advisors LP owned 0.23% of Andersons worth $3,192,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of ANDE. Peoples Bank KS lifted its stake in shares of Andersons by 250.0% in the fourth quarter. Peoples Bank KS now owns 700 shares of the basic materials company’s stock valued at $28,000 after buying an additional 500 shares during the period. KBC Group NV lifted its position in shares of Andersons by 70.3% in the 4th quarter. KBC Group NV now owns 1,558 shares of the basic materials company’s stock worth $63,000 after acquiring an additional 643 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of Andersons by 16.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,866 shares of the basic materials company’s stock worth $116,000 after purchasing an additional 412 shares in the last quarter. Walleye Capital LLC bought a new stake in shares of Andersons during the fourth quarter valued at approximately $213,000. Finally, Arete Wealth Advisors LLC raised its stake in shares of Andersons by 9.4% in the fourth quarter. Arete Wealth Advisors LLC now owns 6,710 shares of the basic materials company’s stock valued at $272,000 after purchasing an additional 579 shares in the last quarter. 87.06% of the stock is owned by institutional investors.

Andersons Stock Performance

Andersons stock opened at $37.81 on Friday. The firm has a market capitalization of $1.29 billion, a P/E ratio of 11.39 and a beta of 0.55. The stock has a fifty day moving average price of $40.45 and a two-hundred day moving average price of $42.93. The Andersons, Inc. has a 52-week low of $35.88 and a 52-week high of $57.39. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.65 and a quick ratio of 0.90.

Andersons (NASDAQ:ANDE) last announced its quarterly earnings results on Tuesday, February 18th. The basic materials company reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.34. The firm had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $2.72 billion. Andersons had a net margin of 1.01% and a return on equity of 7.59%. As a group, analysts anticipate that The Andersons, Inc. will post 3.11 EPS for the current fiscal year.

Andersons Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Tuesday, April 1st were issued a dividend of $0.195 per share. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $0.78 dividend on an annualized basis and a yield of 2.06%. Andersons’s dividend payout ratio is 23.49%.

Insider Buying and Selling at Andersons

In other Andersons news, VP Weston Heide sold 800 shares of the business’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $48.00, for a total value of $38,400.00. Following the completion of the transaction, the vice president now directly owns 16,104 shares of the company’s stock, valued at approximately $772,992. The trade was a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 4.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on ANDE shares. Stephens reissued an “overweight” rating and issued a $55.00 price target on shares of Andersons in a report on Wednesday, February 19th. StockNews.com lowered shares of Andersons from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th.

Andersons Company 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.