Hillcrest Asset Management LLC reduced its position in Andersons Inc (NASDAQ:ANDE) by 95.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 8,023 shares of the basic materials company’s stock after selling 151,315 shares during the quarter. Hillcrest Asset Management LLC’s holdings in Andersons were worth $259,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently modified their holdings of ANDE. Victory Capital Management Inc. lifted its position in Andersons by 13.1% in the fourth quarter. Victory Capital Management Inc. now owns 2,652,786 shares of the basic materials company’s stock worth $82,634,000 after purchasing an additional 306,657 shares during the period. Schwab Charles Investment Management Inc. lifted its position in Andersons by 22.7% in the third quarter. Schwab Charles Investment Management Inc. now owns 346,839 shares of the basic materials company’s stock worth $11,880,000 after purchasing an additional 64,205 shares during the period. Point72 Asset Management L.P. bought a new position in Andersons in the third quarter worth $2,140,000. Deprince Race & Zollo Inc. lifted its position in Andersons by 8.5% in the fourth quarter. Deprince Race & Zollo Inc. now owns 762,763 shares of the basic materials company’s stock worth $23,760,000 after purchasing an additional 59,803 shares during the period. Finally, Raymond James & Associates bought a new position in Andersons in the fourth quarter worth $1,590,000. 78.46% of the stock is owned by hedge funds and other institutional investors.
In other news, VP Naran Uchur Burchinow sold 2,200 shares of the firm’s stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $35.95, for a total value of $79,090.00. Following the completion of the sale, the vice president now directly owns 26,963 shares in the company, valued at $969,319.85. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Rasesh H. Shah sold 20,000 shares of the firm’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $36.25, for a total value of $725,000.00. Following the completion of the sale, the director now owns 41,862 shares of the company’s stock, valued at $1,517,497.50. The disclosure for this sale can be found here. 6.30% of the stock is currently owned by company insiders.
Separately, Zacks Investment Research cut Andersons from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 16th. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $34.50.
Andersons Inc (NASDAQ ANDE) opened at $36.30 on Wednesday. The stock has a market capitalization of $1,044.81, a price-to-earnings ratio of 28.07 and a beta of 1.19. Andersons Inc has a twelve month low of $29.60 and a twelve month high of $39.35. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.47 and a current ratio of 1.35.
Andersons (NASDAQ:ANDE) last issued its quarterly earnings data on Wednesday, February 14th. The basic materials company reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.20. The company had revenue of $1 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Andersons had a return on equity of 4.83% and a net margin of 1.12%. The business’s revenue was down 9.8% on a year-over-year basis. During the same period last year, the business earned $0.36 earnings per share. equities research analysts anticipate that Andersons Inc will post 1.79 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 23rd. Shareholders of record on Monday, April 2nd will be issued a dividend of $0.165 per share. The ex-dividend date of this dividend is Thursday, March 29th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.82%. Andersons’s payout ratio is presently 45.21%.
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The Andersons, Inc is a diversified company. The Company conducts business across North America in the grain, ethanol, plant nutrient and rail sectors. The Company also produces turf and cob products. The Company operates through segments, including Grain, Ethanol, Rail and Plant Nutrient. Its Grain business operates grain elevators in various states in the United States Corn Belt.
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