O Shaughnessy Asset Management LLC Has $1.97 Million Position in The Andersons, Inc. (NASDAQ:ANDE)

O Shaughnessy Asset Management LLC trimmed its stake in shares of The Andersons, Inc. (NASDAQ:ANDE) by 29.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,712 shares of the basic materials company’s stock after selling 20,769 shares during the quarter. O Shaughnessy Asset Management LLC owned approximately 0.14% of Andersons worth $1,974,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. State Street Corp raised its holdings in Andersons by 2.2% during the 3rd 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 last quarter. American Century Companies Inc. raised its stake in Andersons by 7.8% during the fourth 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. Geode Capital Management LLC lifted its holdings 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 buying an additional 14,634 shares during the period. Charles Schwab Investment Management Inc. boosted its position 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 valued at $30,456,000 after acquiring an additional 99,045 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Andersons by 10.6% during the 4th quarter. JPMorgan Chase & Co. now owns 397,691 shares of the basic materials company’s stock worth $16,114,000 after acquiring an additional 38,020 shares during the period. 87.06% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Andersons

In other news, VP Weston Heide sold 800 shares of Andersons stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $48.00, for a total transaction of $38,400.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. StockNews.com lowered Andersons from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Stephens restated an “overweight” rating and set a $55.00 price target on shares of Andersons in a report on Wednesday, February 19th.

Andersons Trading Down 6.6 %

ANDE opened at $38.61 on Friday. The company has a fifty day moving average price of $42.33 and a two-hundred day moving average price of $44.71. The Andersons, Inc. has a 1-year low of $37.62 and a 1-year high of $61.46. The company has a market cap of $1.32 billion, a P/E ratio of 11.63 and a beta of 0.48. 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 posted its quarterly earnings results on Tuesday, February 18th. The basic materials company reported $1.36 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.34. Andersons had a return on equity of 7.59% and a net margin of 1.01%. The business had revenue of $3.12 billion for the quarter, compared to the consensus estimate of $2.72 billion. Analysts predict that The Andersons, Inc. will post 3.11 EPS for the current fiscal year.

Andersons Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Tuesday, April 1st will be given a $0.195 dividend. This represents a $0.78 annualized dividend and a yield of 2.02%. The ex-dividend date is Tuesday, April 1st. Andersons’s payout ratio is currently 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.