Intech Investment Management LLC Buys 93,453 Shares of The Andersons, Inc. (NASDAQ:ANDE)

Intech Investment Management LLC raised its stake in The Andersons, Inc. (NASDAQ:ANDE) by 221.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 135,678 shares of the basic materials company’s stock after acquiring an additional 93,453 shares during the quarter. Intech Investment Management LLC owned about 0.40% of Andersons worth $5,498,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. State Street Corp increased its holdings in shares of Andersons by 2.2% during the third quarter. State Street Corp now owns 1,337,344 shares of the basic materials company’s stock worth $67,054,000 after purchasing an additional 28,773 shares during the period. Nordea Investment Management AB increased its holdings in shares of Andersons by 86.5% during the fourth quarter. Nordea Investment Management AB now owns 101,099 shares of the basic materials company’s stock worth $4,110,000 after purchasing an additional 46,903 shares during the period. Proficio Capital Partners LLC bought a new position in shares of Andersons during the fourth quarter worth approximately $728,000. Peoples Bank KS increased its holdings in shares of Andersons by 250.0% during the fourth quarter. Peoples Bank KS now owns 700 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 500 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Andersons by 23.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 652,579 shares of the basic materials company’s stock worth $32,720,000 after purchasing an additional 124,468 shares during the period. 87.06% of the stock is owned by institutional investors.

Insider Activity at Andersons

In other Andersons news, VP Weston Heide sold 800 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $48.00, for a total value of $38,400.00. Following the sale, the vice president now owns 16,104 shares in the company, valued at $772,992. This trade represents a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 5.10% of the stock is currently owned by insiders.

Andersons Stock Performance

Shares of NASDAQ:ANDE opened at $43.61 on Wednesday. The company’s 50 day simple moving average is $42.50 and its 200 day simple moving average is $45.14. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of 13.14 and a beta of 0.48. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.65 and a quick ratio of 0.90. The Andersons, Inc. has a 1 year low of $39.25 and a 1 year high of $61.46.

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

Andersons Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Tuesday, April 1st will be paid a $0.195 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $0.78 dividend on an annualized basis and a yield of 1.79%. Andersons’s dividend payout ratio (DPR) is 23.49%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Stephens reaffirmed an “overweight” rating and set a $55.00 target price on shares of Andersons in a report on Wednesday, February 19th. StockNews.com cut shares of Andersons from a “buy” rating to a “hold” rating in a 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.