Guggenheim Capital LLC raised its position in Andersons Inc (NASDAQ:ANDE) by 7.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,938 shares of the company’s stock after buying an additional 4,263 shares during the period. Guggenheim Capital LLC’s holdings in Andersons were worth $2,903,000 as of its most recent filing with the SEC.
A number of other hedge funds have also modified their holdings of ANDE. Asset Management One Co. Ltd. acquired a new stake in shares of Andersons during the fourth quarter worth $207,000. Municipal Employees Retirement System of Michigan increased its stake in shares of Andersons by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 5,830 shares of the company’s stock worth $211,000 after buying an additional 100 shares during the last quarter. Aperio Group LLC increased its stake in shares of Andersons by 3.2% in the third quarter. Aperio Group LLC now owns 6,660 shares of the company’s stock worth $241,000 after buying an additional 204 shares during the last quarter. Trust Co. of Toledo NA OH increased its stake in shares of Andersons by 3.1% in the third quarter. Trust Co. of Toledo NA OH now owns 7,899 shares of the company’s stock worth $286,000 after buying an additional 234 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its stake in shares of Andersons by 10.6% in the third quarter. Advisors Asset Management Inc. now owns 11,323 shares of the company’s stock worth $410,000 after buying an additional 1,085 shares during the last quarter. Hedge funds and other institutional investors own 70.69% of the company’s stock.
Shares of Andersons Inc (NASDAQ:ANDE) opened at 38.25 on Tuesday. Andersons Inc has a one year low of $25.78 and a one year high of $44.90. The firm has a market capitalization of $1.07 billion, a P/E ratio of 93.29 and a beta of 1.30. The firm’s 50-day moving average price is $38.67 and its 200-day moving average price is $38.43.
Andersons (NASDAQ:ANDE) last announced its earnings results on Wednesday, February 15th. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by $0.27. Andersons had a positive return on equity of 0.83% and a negative net margin of 1.14%. The company earned $1.11 million during the quarter, compared to analysts’ expectations of $1.23 billion. On average, equities analysts forecast that Andersons Inc will post $2.27 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 24th. Investors of record on Monday, April 3rd will be given a $0.16 dividend. The ex-dividend date of this dividend is Thursday, March 30th. This represents a $0.64 annualized dividend and a yield of 1.67%. Andersons’s dividend payout ratio (DPR) is presently -39.26%.
Separately, Zacks Investment Research upgraded Andersons from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 10th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Andersons currently has an average rating of “Buy” and a consensus price target of $42.67.
In related news, insider Corbett J. Jorgenson sold 1,016 shares of the company’s stock in a transaction on Friday, January 6th. The shares were sold at an average price of $40.20, for a total value of $40,843.20. Following the completion of the transaction, the insider now directly owns 15,504 shares in the company, valued at $623,260.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.90% of the stock is currently owned by insiders.
Andersons Company Profile
The Andersons, Inc is a diversified company. The Company conducts business across North America in the grain, ethanol, plant nutrient and rail sectors. The Company also produces turf and cob products, and has a consumer retailing presence. The Company operates through five segments: Grain, Ethanol, Rail, Plant Nutrient and Retail.
Want to see what other hedge funds are holding ANDE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Andersons Inc (NASDAQ:ANDE).
Receive News & Ratings for Andersons Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Andersons Inc and related companies with MarketBeat.com's FREE daily email newsletter.