OMERS ADMINISTRATION Corp continued to hold its position in shares of The Andersons Inc. (NASDAQ:ANDE) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,000 shares of the company’s stock at the end of the third quarter. OMERS ADMINISTRATION Corp’s holdings in The Andersons were worth $1,628,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Citadel Advisors LLC acquired a new stake in The Andersons during the third quarter valued at $1,555,000. ProShare Advisors LLC increased its stake in The Andersons by 43.9% in the third quarter. ProShare Advisors LLC now owns 86,697 shares of the company’s stock valued at $3,137,000 after buying an additional 26,449 shares in the last quarter. Morgan Stanley increased its stake in The Andersons by 219.5% in the third quarter. Morgan Stanley now owns 40,860 shares of the company’s stock valued at $1,479,000 after buying an additional 28,072 shares in the last quarter. Principal Financial Group Inc. increased its stake in The Andersons by 2.7% in the third quarter. Principal Financial Group Inc. now owns 189,759 shares of the company’s stock valued at $6,865,000 after buying an additional 4,903 shares in the last quarter. Finally, California State Teachers Retirement System increased its stake in The Andersons by 1.1% in the third quarter. California State Teachers Retirement System now owns 56,963 shares of the company’s stock valued at $2,061,000 after buying an additional 600 shares in the last quarter. 71.10% of the stock is owned by institutional investors and hedge funds.
Shares of The Andersons Inc. (NASDAQ:ANDE) traded down 2.78% during trading on Thursday, hitting $36.75. 180,290 shares of the stock traded hands. The Andersons Inc. has a 12 month low of $23.25 and a 12 month high of $44.90. The stock’s market cap is $1.04 billion. The firm’s 50-day moving average price is $41.58 and its 200-day moving average price is $37.83.
The Andersons (NASDAQ:ANDE) last posted its earnings results on Monday, November 7th. The company reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by $0.12. The company had revenue of $859.60 million for the quarter, compared to analysts’ expectations of $966.51 million. The Andersons had a negative net margin of 1.14% and a positive return on equity of 0.83%. The business’s revenue was down 5.4% on a year-over-year basis. During the same period in the previous year, the business posted ($0.04) earnings per share. Analysts anticipate that The Andersons Inc. will post $0.67 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 24th. Investors of record on Tuesday, January 3rd will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.74%. This is a boost from The Andersons’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Thursday, December 29th. The Andersons’s dividend payout ratio (DPR) is presently -39.26%.
Several research firms have weighed in on ANDE. Zacks Investment Research raised shares of The Andersons from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 10th. Buckingham Research raised shares of The Andersons from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $40.00 to $42.00 in a research note on Monday, September 26th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $42.67.
In other The Andersons news, insider Corbett J. Jorgenson sold 1,016 shares of The Andersons 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 of the company’s stock, valued at approximately $623,260.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jacqueline F. Woods sold 2,395 shares of The Andersons stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $36.01, for a total transaction of $86,243.95. Following the completion of the transaction, the director now directly owns 16,073 shares of the company’s stock, valued at $578,788.73. The disclosure for this sale can be found here. Insiders have sold 6,311 shares of company stock valued at $237,572 over the last ninety days. 5.90% of the stock is currently owned by corporate insiders.
About The Andersons
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 The Andersons Inc. (NASDAQ:ANDE).