Illinois Municipal Retirement Fund Has $716,000 Stake in The Andersons, Inc. (NASDAQ:ANDE)

Illinois Municipal Retirement Fund reduced its stake in shares of The Andersons, Inc. (NASDAQ:ANDE) by 3.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,658 shares of the basic materials company’s stock after selling 716 shares during the quarter. Illinois Municipal Retirement Fund owned approximately 0.05% of Andersons worth $716,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ANDE. Creative Planning lifted its position in Andersons by 6.2% in the 3rd quarter. Creative Planning now owns 5,261 shares of the basic materials company’s stock worth $264,000 after buying an additional 309 shares in the last quarter. Summit Global Investments raised its holdings in shares of Andersons by 41.5% during the third quarter. Summit Global Investments now owns 13,088 shares of the basic materials company’s stock worth $656,000 after acquiring an additional 3,840 shares in the last quarter. Victory Capital Management Inc. boosted its position in Andersons by 7.0% during the third quarter. Victory Capital Management Inc. now owns 488,505 shares of the basic materials company’s stock valued at $24,494,000 after purchasing an additional 31,881 shares during the last quarter. Empowered Funds LLC grew its stake in Andersons by 3.8% in the third quarter. Empowered Funds LLC now owns 219,421 shares of the basic materials company’s stock valued at $10,960,000 after purchasing an additional 8,050 shares in the last quarter. Finally, Quest Partners LLC increased its position in Andersons by 84.2% in the 3rd quarter. Quest Partners LLC now owns 16,120 shares of the basic materials company’s stock worth $808,000 after purchasing an additional 7,369 shares during the last quarter. 87.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ANDE. Stephens reiterated an “overweight” rating and set a $55.00 price target 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 research note on Thursday, February 20th.

Insider Transactions at Andersons

In related news, VP Weston Heide sold 800 shares of Andersons stock in a transaction 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 transaction, the vice president now owns 16,104 shares in the company, valued at $772,992. This trade represents a 4.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 5.10% of the stock is owned by corporate insiders.

Andersons Trading Down 2.9 %

Shares of NASDAQ:ANDE opened at $41.56 on Tuesday. The company has a current ratio of 1.65, a quick ratio of 0.90 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $1.41 billion, a PE ratio of 12.52 and a beta of 0.58. The Andersons, Inc. has a 1 year low of $39.25 and a 1 year high of $61.46. The firm has a fifty day moving average price of $42.06 and a 200 day moving average price of $45.72.

Andersons (NASDAQ:ANDE) last released its quarterly earnings results on Tuesday, February 18th. The basic materials company reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.34. Andersons had a return on equity of 7.59% and a net margin of 1.01%. The company had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $2.72 billion. Analysts expect that The Andersons, Inc. will post 3.11 EPS for the current fiscal year.

Andersons Announces Dividend

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. This represents a $0.78 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date is Tuesday, April 1st. Andersons’s dividend payout ratio is 23.49%.

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.