EverSource Wealth Advisors LLC Purchases 412 Shares of The Andersons, Inc. (NASDAQ:ANDE)

EverSource Wealth Advisors LLC increased its position in The Andersons, Inc. (NASDAQ:ANDE) by 16.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,866 shares of the basic materials company’s stock after purchasing an additional 412 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Andersons were worth $116,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Amundi raised its stake in shares of Andersons by 38.8% in the 4th quarter. Amundi now owns 38,060 shares of the basic materials company’s stock valued at $1,605,000 after buying an additional 10,643 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Andersons in the fourth quarter valued at about $528,000. Proficio Capital Partners LLC acquired a new position in Andersons in the fourth quarter worth about $728,000. Charles Schwab Investment Management Inc. lifted its stake in Andersons by 15.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 751,624 shares of the basic materials company’s stock worth $30,456,000 after purchasing an additional 99,045 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in Andersons by 14.2% during the fourth quarter. Bank of New York Mellon Corp now owns 353,271 shares of the basic materials company’s stock valued at $14,315,000 after purchasing an additional 44,022 shares in the last quarter. Institutional investors and hedge funds own 87.06% of the company’s stock.

Insider Activity

In other news, VP Weston Heide sold 800 shares of the company’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 transaction of $38,400.00. Following the transaction, the vice president now directly owns 16,104 shares in the company, valued at approximately $772,992. This represents a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 5.10% of the stock is currently owned by corporate insiders.

Andersons Price Performance

NASDAQ:ANDE opened at $43.64 on Tuesday. 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 firm has a market cap of $1.49 billion, a PE ratio of 13.14 and a beta of 0.48. The Andersons, Inc. has a 12 month low of $39.25 and a 12 month high of $61.46. The company’s 50-day moving average price is $42.46 and its two-hundred day moving average price is $45.19.

Andersons (NASDAQ:ANDE) last posted its earnings results on Tuesday, February 18th. The basic materials company reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.34. The company had revenue of $3.12 billion during the quarter, compared to analysts’ expectations of $2.72 billion. Andersons had a net margin of 1.01% and a return on equity of 7.59%. On average, equities analysts anticipate that The Andersons, Inc. will post 3.11 EPS for the current fiscal year.

Andersons Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 1st will be issued a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a dividend yield of 1.79%. The ex-dividend date is Tuesday, April 1st. Andersons’s payout ratio is presently 23.49%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on ANDE shares. Stephens reissued an “overweight” rating and issued a $55.00 target price on shares of Andersons in a report on Wednesday, February 19th. StockNews.com lowered Andersons from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th.

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.