Bailard Inc. Has $552,000 Holdings in The Andersons, Inc. (NASDAQ:ANDE)

Bailard Inc. cut its holdings in The Andersons, Inc. (NASDAQ:ANDE) by 27.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,600 shares of the basic materials company’s stock after selling 3,600 shares during the quarter. Bailard Inc.’s holdings in Andersons were worth $552,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in 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 buying an additional 47,494 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of Andersons by 111.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 88,336 shares of the basic materials company’s stock worth $5,083,000 after purchasing an additional 46,587 shares during the period. Nordea Investment Management AB raised its position in shares of Andersons by 1.9% during the third quarter. Nordea Investment Management AB now owns 38,389 shares of the basic materials company’s stock worth $1,981,000 after purchasing an additional 714 shares during the period. O Shaughnessy Asset Management LLC raised its position in shares of Andersons by 199.1% during the third quarter. O Shaughnessy Asset Management LLC now owns 61,649 shares of the basic materials company’s stock worth $3,176,000 after purchasing an additional 41,037 shares during the period. Finally, Ritholtz Wealth Management raised its position in shares of Andersons by 35.0% during the fourth quarter. Ritholtz Wealth Management now owns 16,713 shares of the basic materials company’s stock worth $962,000 after purchasing an additional 4,337 shares during the period. 87.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ANDE has been the topic of a number of research reports. Roth Capital reaffirmed a “buy” rating and set a $65.00 target price on shares of Andersons in a research report on Tuesday, February 6th. StockNews.com raised Andersons from a “hold” rating to a “buy” rating in a research report on Thursday, January 11th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $62.50.

Andersons Trading Up 0.5 %

NASDAQ ANDE opened at $56.91 on Friday. The firm has a market capitalization of $1.94 billion, a P/E ratio of 19.36 and a beta of 0.68. The business has a fifty day simple moving average of $55.80 and a 200 day simple moving average of $53.67. The Andersons, Inc. has a 12 month low of $35.69 and a 12 month high of $61.46. The company has a current ratio of 1.72, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37.

Andersons (NASDAQ:ANDE) last released its quarterly earnings results on Wednesday, February 21st. The basic materials company reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.48. The business had revenue of $3.21 billion during the quarter, compared to analyst estimates of $4.26 billion. Andersons had a return on equity of 8.19% and a net margin of 0.69%. Andersons’s quarterly revenue was down 31.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.98 EPS. On average, analysts predict that The Andersons, Inc. will post 2.54 EPS for the current fiscal year.

Andersons Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Monday, April 1st were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend was Thursday, March 28th. Andersons’s payout ratio is currently 25.85%.

Insider Activity at Andersons

In related news, CEO Patrick E. Bowe sold 2,623 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $55.22, for a total value of $144,842.06. Following the completion of the sale, the chief executive officer now directly owns 90,653 shares of the company’s stock, valued at approximately $5,005,858.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Andersons news, CEO Patrick E. Bowe sold 3,387 shares of the company’s stock in a transaction on 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 in the company, valued at approximately $5,110,391.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Patrick E. Bowe sold 2,623 shares of the company’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $55.22, for a total value of $144,842.06. Following the completion of the transaction, the chief executive officer now owns 90,653 shares of the company’s stock, valued at approximately $5,005,858.66. The disclosure for this sale can be found here. In the last three months, insiders sold 45,245 shares of company stock valued at $2,534,099. 5.10% of the stock is owned by insiders.

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.