Redmont Wealth Advisors LLC Decreases Stock Holdings in The Andersons, Inc. (NASDAQ:ANDE)

Redmont Wealth Advisors LLC lessened its holdings in The Andersons, Inc. (NASDAQ:ANDE) by 29.6% during the 4th quarter, HoldingsChannel reports. The firm owned 8,270 shares of the basic materials company’s stock after selling 3,475 shares during the period. Redmont Wealth Advisors LLC’s holdings in Andersons were worth $335,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. State Street Corp boosted its stake in shares of 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 period. Nordea Investment Management AB grew its stake in shares of Andersons by 86.5% during the fourth quarter. Nordea Investment Management AB now owns 101,099 shares of the basic materials company’s stock valued at $4,110,000 after buying an additional 46,903 shares during the last quarter. Intech Investment Management LLC raised its holdings in shares of Andersons by 375.0% in the third quarter. Intech Investment Management LLC now owns 42,225 shares of the basic materials company’s stock worth $2,117,000 after buying an additional 33,336 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Andersons by 23.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 652,579 shares of the basic materials company’s stock valued at $32,720,000 after acquiring an additional 124,468 shares during the period. Finally, Peoples Bank KS boosted its holdings in Andersons by 250.0% during the 4th quarter. Peoples Bank KS now owns 700 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 500 shares during the period. Hedge funds and other institutional investors own 87.06% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on ANDE. StockNews.com upgraded Andersons from a “hold” rating to a “buy” rating in a research report on Wednesday, November 13th. Stephens reaffirmed an “overweight” rating and issued a $60.00 price target on shares of Andersons in a research note on Thursday, January 2nd.

Andersons Stock Down 2.0 %

Shares of NASDAQ:ANDE opened at $43.02 on Thursday. The company has a quick ratio of 1.23, a current ratio of 1.98 and a debt-to-equity ratio of 0.36. The business’s 50 day moving average is $44.21 and its 200 day moving average is $47.32. The stock has a market cap of $1.47 billion, a P/E ratio of 12.29 and a beta of 0.59. The Andersons, Inc. has a 52-week low of $39.25 and a 52-week high of $61.46.

Andersons (NASDAQ:ANDE) last posted its quarterly earnings results on Monday, November 4th. The basic materials company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.37. The business had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.90 billion. Andersons had a return on equity of 8.21% and a net margin of 1.06%. The business’s revenue was down 27.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.13 EPS. Sell-side analysts predict that The Andersons, Inc. will post 2.9 EPS for the current year.

Andersons Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Thursday, January 2nd will be issued a $0.195 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $0.78 annualized dividend and a dividend yield of 1.81%. This is a positive change from Andersons’s previous quarterly dividend of $0.19. Andersons’s payout ratio is currently 22.29%.

Insider Transactions at Andersons

In other news, insider Joseph E. Mcneely sold 2,382 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $47.73, for a total value of $113,692.86. Following the completion of the transaction, the insider now directly owns 49,601 shares of the company’s stock, valued at approximately $2,367,455.73. The trade was a 4.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 5.10% of the company’s stock.

Andersons 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.