Redmont Wealth Advisors LLC Sells 318 Shares of The Andersons, Inc. (NASDAQ:ANDE)

Redmont Wealth Advisors LLC decreased its position in The Andersons, Inc. (NASDAQ:ANDE) by 2.0% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 15,240 shares of the basic materials company’s stock after selling 318 shares during the period. Andersons comprises 1.2% of Redmont Wealth Advisors LLC’s portfolio, making the stock its 21st biggest position. Redmont Wealth Advisors LLC’s holdings in Andersons were worth $874,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Pacer Advisors Inc. raised its stake in Andersons by 64.5% in the fourth quarter. Pacer Advisors Inc. now owns 2,314,734 shares of the basic materials company’s stock valued at $133,190,000 after buying an additional 907,734 shares during the period. American Century Companies Inc. boosted its position in Andersons by 68.2% during the third quarter. American Century Companies Inc. now owns 412,868 shares of the basic materials company’s stock worth $21,267,000 after purchasing an additional 167,473 shares during the period. Vanguard Group Inc. increased its holdings in shares of Andersons by 1.2% in the third quarter. Vanguard Group Inc. now owns 3,971,447 shares of the basic materials company’s stock valued at $204,569,000 after purchasing an additional 47,494 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Andersons by 111.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 88,336 shares of the basic materials company’s stock worth $5,083,000 after buying an additional 46,587 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Andersons by 1.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,818,680 shares of the basic materials company’s stock worth $162,189,000 after buying an additional 46,203 shares during the period. Institutional investors and hedge funds own 87.06% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Andersons from a “buy” rating to a “hold” rating in a report on Thursday, May 9th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.50.

Andersons Stock Performance

NASDAQ ANDE traded down $0.28 on Wednesday, reaching $48.61. The stock had a trading volume of 47,395 shares, compared to its average volume of 181,372. The Andersons, Inc. has a 1-year low of $44.85 and a 1-year high of $61.46. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.04 and a quick ratio of 1.13. The company has a market cap of $1.66 billion, a P/E ratio of 13.73 and a beta of 0.61. The firm has a fifty day moving average of $51.76 and a two-hundred day moving average of $53.79.

Andersons (NASDAQ:ANDE) last released its quarterly earnings results on Tuesday, May 7th. The basic materials company reported $0.16 EPS for the quarter. Andersons had a net margin of 0.89% and a return on equity of 7.93%. The business had revenue of $2.72 billion for the quarter. On average, equities research analysts anticipate that The Andersons, Inc. will post 2.65 EPS for the current year.

Andersons Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 22nd. Stockholders of record on Monday, July 1st will be given a $0.19 dividend. The ex-dividend date is Monday, July 1st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.56%. Andersons’s payout ratio is 21.47%.

Insider Activity

In related news, CEO Patrick E. Bowe sold 3,387 shares of the business’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $60.01, for a total value of $203,253.87. Following the completion of the transaction, the chief executive officer now owns 85,159 shares of the company’s stock, valued at $5,110,391.59. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO Patrick E. Bowe sold 3,387 shares of Andersons stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $60.01, for a total value of $203,253.87. Following the transaction, the chief executive officer now directly owns 85,159 shares of the company’s stock, valued at $5,110,391.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael J. Anderson sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $59.00, for a total transaction of $177,000.00. Following the transaction, the director now owns 209,968 shares of the company’s stock, valued at $12,388,112. The disclosure for this sale can be found here. 5.10% of the stock is owned by company insiders.

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.