American Century Companies Inc. Purchases 84,133 Shares of The Andersons, Inc. (NASDAQ:ANDE)

American Century Companies Inc. increased its position in shares of The Andersons, Inc. (NASDAQ:ANDE) by 7.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,166,781 shares of the basic materials company’s stock after purchasing an additional 84,133 shares during the period. American Century Companies Inc. owned approximately 3.42% of Andersons worth $47,278,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp boosted its stake in shares of Andersons by 2.2% in the third quarter. State Street Corp now owns 1,337,344 shares of the basic materials company’s stock valued at $67,054,000 after buying an additional 28,773 shares during the period. Geode Capital Management LLC raised its stake in Andersons by 1.9% in the third quarter. Geode Capital Management LLC now owns 785,139 shares of the basic materials company’s stock valued at $39,374,000 after purchasing an additional 14,634 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Andersons by 15.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 751,624 shares of the basic materials company’s stock worth $30,456,000 after buying an additional 99,045 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Andersons by 14.2% in the 4th quarter. Bank of New York Mellon Corp now owns 353,271 shares of the basic materials company’s stock valued at $14,315,000 after buying an additional 44,022 shares in the last quarter. Finally, Empowered Funds LLC boosted its position in shares of Andersons by 5.8% during the 4th quarter. Empowered Funds LLC now owns 232,213 shares of the basic materials company’s stock worth $9,364,000 after acquiring an additional 12,792 shares in the last quarter. 87.06% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Andersons

In other news, VP Weston Heide sold 800 shares of Andersons stock in a transaction dated Wednesday, February 19th. The stock was 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. This trade represents a 4.73 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 4.30% of the stock is currently owned by corporate insiders.

Andersons Stock Performance

NASDAQ:ANDE opened at $43.88 on Friday. The stock’s 50-day moving average is $42.50 and its 200-day moving average is $44.91. The stock has a market cap of $1.50 billion, a P/E ratio of 13.22 and a beta of 0.48. The Andersons, Inc. has a 1-year low of $39.25 and a 1-year high of $61.46. The company has a current ratio of 1.65, a quick ratio of 0.90 and a debt-to-equity ratio of 0.38.

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

Andersons Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 1st will be given 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 dividend yield of 1.78%. Andersons’s dividend payout ratio (DPR) is currently 23.49%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Stephens reiterated an “overweight” rating and issued a $55.00 price target on shares of Andersons in a research note on Wednesday, February 19th. StockNews.com downgraded shares of Andersons from a “buy” rating to a “hold” rating in a research note 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.