The Andersons, Inc. (NASDAQ:ANDE) Shares Purchased by KBC Group NV

KBC Group NV boosted its stake in The Andersons, Inc. (NASDAQ:ANDE) by 70.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,558 shares of the basic materials company’s stock after acquiring an additional 643 shares during the period. KBC Group NV’s holdings in Andersons were worth $63,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of ANDE. SG Americas Securities LLC purchased a new stake in shares of Andersons in the 3rd quarter valued at about $499,000. Inspire Investing LLC increased its position in Andersons by 15.5% during the third quarter. Inspire Investing LLC now owns 9,191 shares of the basic materials company’s stock worth $461,000 after buying an additional 1,234 shares during the period. Exchange Traded Concepts LLC lifted its stake in Andersons by 21.3% in the third quarter. Exchange Traded Concepts LLC now owns 19,851 shares of the basic materials company’s stock valued at $995,000 after buying an additional 3,490 shares during the last quarter. Creative Planning boosted its holdings in shares of Andersons by 6.2% in the third quarter. Creative Planning now owns 5,261 shares of the basic materials company’s stock valued at $264,000 after acquiring an additional 309 shares during the period. Finally, Inspire Advisors LLC grew its position in shares of Andersons by 11.8% during the third quarter. Inspire Advisors LLC now owns 4,547 shares of the basic materials company’s stock worth $228,000 after acquiring an additional 480 shares during the last quarter. Institutional investors and hedge funds own 87.06% of the company’s stock.

Andersons Stock Up 1.0 %

Andersons stock opened at $40.74 on Tuesday. The stock has a 50 day moving average of $42.49 and a two-hundred day moving average of $46.49. The Andersons, Inc. has a twelve month low of $39.25 and a twelve month high of $61.46. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of 11.64 and a beta of 0.58. 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. Investors of record on Thursday, January 2nd were issued a dividend of $0.195 per share. The ex-dividend date was Thursday, January 2nd. This is an increase from Andersons’s previous quarterly dividend of $0.19. This represents a $0.78 annualized dividend and a dividend yield of 1.91%. Andersons’s dividend payout ratio (DPR) is currently 22.29%.

Insider Activity at Andersons

In related news, insider Joseph E. Mcneely sold 2,382 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $47.73, for a total value of $113,692.86. Following the completion of the sale, the insider now owns 49,601 shares in the company, valued at $2,367,455.73. This trade represents a 4.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 5.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts recently commented on ANDE shares. Stephens reiterated an “overweight” rating and issued a $60.00 price target on shares of Andersons in a research report on Thursday, January 2nd. StockNews.com cut shares of Andersons from a “buy” rating to a “hold” rating in a report on Tuesday, February 4th.

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.