The Andersons, Inc. (NASDAQ:ANDE) Shares Bought by Empowered Funds LLC

Empowered Funds LLC grew its holdings in The Andersons, Inc. (NASDAQ:ANDE) by 5.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 232,213 shares of the basic materials company’s stock after purchasing an additional 12,792 shares during the quarter. Empowered Funds LLC owned about 0.68% of Andersons worth $9,364,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Peoples Bank KS lifted its position in Andersons by 250.0% during the fourth quarter. Peoples Bank KS now owns 700 shares of the basic materials company’s stock worth $28,000 after buying an additional 500 shares in the last quarter. KBC Group NV increased its stake in shares of Andersons by 70.3% in the 4th quarter. KBC Group NV now owns 1,558 shares of the basic materials company’s stock worth $63,000 after acquiring an additional 643 shares during the last quarter. Truvestments Capital LLC purchased a new position in shares of Andersons during the 3rd quarter worth $98,000. Systematic Financial Management LP acquired a new position in shares of Andersons during the 3rd quarter valued at about $227,000. Finally, Inspire Advisors LLC grew its holdings in shares of Andersons by 11.8% in the third quarter. Inspire Advisors LLC now owns 4,547 shares of the basic materials company’s stock valued at $228,000 after purchasing an additional 480 shares during the period. 87.06% of the stock is currently owned by institutional investors and hedge funds.

Andersons Stock Up 0.2 %

Shares of NASDAQ:ANDE opened at $40.35 on Monday. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of 11.53 and a beta of 0.58. The Andersons, Inc. has a 12-month low of $39.25 and a 12-month high of $61.46. The business has a 50-day moving average price of $42.65 and a 200 day moving average price of $46.58. The company has a current ratio of 1.98, a quick ratio of 1.23 and a debt-to-equity ratio of 0.36.

Andersons Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 23rd. Stockholders of record on Thursday, January 2nd were paid a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 1.93%. This is an increase from Andersons’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Thursday, January 2nd. Andersons’s payout ratio is 22.29%.

Analyst Ratings Changes

Several research firms have weighed in on ANDE. StockNews.com lowered shares of Andersons from a “buy” rating to a “hold” rating in a report on Tuesday, February 4th. Stephens reiterated an “overweight” rating and issued a $60.00 price objective on shares of Andersons in a report on Thursday, January 2nd.

Insider Transactions at Andersons

In related news, insider Joseph E. Mcneely sold 2,382 shares of the stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $47.73, for a total transaction of $113,692.86. Following the transaction, the insider now owns 49,601 shares of the company’s stock, valued at approximately $2,367,455.73. This represents a 4.58 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 5.10% of the company’s stock.

Andersons Company 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.