Mitsubishi UFJ Trust & Banking Corp Boosts Stake in The Andersons, Inc. (NASDAQ:ANDE)

Mitsubishi UFJ Trust & Banking Corp increased its position in The Andersons, Inc. (NASDAQ:ANDE) by 86.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 57,938 shares of the basic materials company’s stock after purchasing an additional 26,896 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.17% of Andersons worth $2,348,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. EntryPoint Capital LLC bought a new stake in Andersons during the fourth quarter worth about $327,000. Prudential Financial Inc. lifted its holdings in shares of Andersons by 55.0% during the fourth quarter. Prudential Financial Inc. now owns 132,752 shares of the basic materials company’s stock valued at $5,379,000 after purchasing an additional 47,105 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Andersons in the 4th quarter worth approximately $689,000. American Century Companies Inc. grew its stake in shares of Andersons by 7.8% in the 4th quarter. American Century Companies Inc. now owns 1,166,781 shares of the basic materials company’s stock worth $47,278,000 after buying an additional 84,133 shares during the last quarter. Finally, Quantbot Technologies LP raised its stake in Andersons by 1,319.5% during the fourth quarter. Quantbot Technologies LP now owns 10,774 shares of the basic materials company’s stock valued at $437,000 after buying an additional 10,015 shares during the last quarter. 87.06% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, VP Weston Heide sold 800 shares of the firm’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $48.00, for a total value of $38,400.00. Following the transaction, the vice president now directly owns 16,104 shares in the company, valued at $772,992. This trade represents a 4.73 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 4.30% of the stock is currently owned by insiders.

Andersons Stock Performance

Shares of ANDE opened at $42.93 on Tuesday. The company has a market cap of $1.47 billion, a price-to-earnings ratio of 12.93 and a beta of 0.48. The business’s fifty day simple moving average is $42.45 and its two-hundred day simple moving average is $44.85. The Andersons, Inc. has a 12 month low of $39.25 and a 12 month 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 released its quarterly earnings data on Tuesday, February 18th. The basic materials company reported $1.36 EPS for the quarter, topping the consensus estimate of $1.02 by $0.34. The company had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $2.72 billion. Andersons had a return on equity of 7.59% and a net margin of 1.01%. Research analysts anticipate that The Andersons, Inc. will post 3.11 earnings per share for the current fiscal year.

Andersons Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Tuesday, April 1st will be issued a $0.195 dividend. This represents a $0.78 annualized dividend and a yield of 1.82%. The ex-dividend date is Tuesday, April 1st. Andersons’s dividend payout ratio is currently 23.49%.

Analyst Ratings Changes

ANDE has been the subject of several analyst reports. Stephens restated an “overweight” rating and set a $55.00 price target on shares of Andersons in a report on Wednesday, February 19th. StockNews.com lowered shares of Andersons from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th.

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.