O Shaughnessy Asset Management LLC Sells 20,769 Shares of The Andersons, Inc. (NASDAQ:ANDE)

O Shaughnessy Asset Management LLC cut its stake in shares of The Andersons, Inc. (NASDAQ:ANDE) by 29.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 48,712 shares of the basic materials company’s stock after selling 20,769 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Andersons were worth $1,974,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of ANDE. Peoples Bank KS raised its holdings in shares of Andersons by 250.0% in the fourth quarter. Peoples Bank KS now owns 700 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 500 shares during the last quarter. KBC Group NV increased its stake in Andersons by 70.3% in the 4th quarter. KBC Group NV now owns 1,558 shares of the basic materials company’s stock valued at $63,000 after buying an additional 643 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Andersons by 16.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,866 shares of the basic materials company’s stock worth $116,000 after buying an additional 412 shares during the last quarter. Systematic Financial Management LP purchased a new position in shares of Andersons in the 3rd quarter worth approximately $227,000. Finally, EP Wealth Advisors LLC bought a new position in shares of Andersons in the third quarter valued at approximately $253,000. 87.06% of the stock is owned by hedge funds and other institutional investors.

Andersons Stock Down 6.6 %

Andersons stock opened at $38.61 on Friday. The firm has a 50 day moving average price of $42.33 and a 200-day moving average price of $44.71. The company has a quick ratio of 0.90, a current ratio of 1.65 and a debt-to-equity ratio of 0.38. The Andersons, Inc. has a twelve month low of $37.62 and a twelve month high of $61.46. The company has a market capitalization of $1.32 billion, a P/E ratio of 11.63 and a beta of 0.48.

Andersons (NASDAQ:ANDE) last announced its quarterly earnings data on Tuesday, February 18th. The basic materials company reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.34. The business had revenue of $3.12 billion during the quarter, compared to analyst estimates of $2.72 billion. Andersons had a return on equity of 7.59% and a net margin of 1.01%. As a group, equities analysts predict that The Andersons, Inc. will post 3.11 EPS for the current year.

Andersons Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Tuesday, April 1st will be paid a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend is Tuesday, April 1st. Andersons’s dividend payout ratio is currently 23.49%.

Insider Buying and Selling at Andersons

In other news, VP Weston Heide sold 800 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $48.00, for a total value of $38,400.00. Following the sale, the vice president now owns 16,104 shares of the company’s stock, valued at $772,992. The trade was a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 4.30% of the company’s stock.

Analyst Ratings Changes

ANDE has been the topic of several research analyst reports. StockNews.com cut Andersons from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Stephens reissued an “overweight” rating and issued a $55.00 price target on shares of Andersons in a report on Wednesday, February 19th.

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.