Jane Street Group LLC Reduces Holdings in The Andersons, Inc. (NASDAQ:ANDE)

Jane Street Group LLC lowered its position in shares of The Andersons, Inc. (NASDAQ:ANDE) by 17.1% during the third quarter, Holdings Channel reports. The firm owned 33,126 shares of the basic materials company’s stock after selling 6,850 shares during the quarter. Jane Street Group LLC’s holdings in Andersons were worth $1,661,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. nVerses Capital LLC acquired a new position in Andersons in the second quarter valued at $25,000. Innealta Capital LLC purchased a new stake in shares of Andersons during the second quarter worth approximately $57,000. Truvestments Capital LLC acquired a new stake in shares of Andersons during the third quarter worth $98,000. EverSource Wealth Advisors LLC grew its position in Andersons by 92.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,087 shares of the basic materials company’s stock valued at $114,000 after buying an additional 1,003 shares during the last quarter. Finally, Inspire Advisors LLC acquired a new position in Andersons in the 2nd quarter valued at $202,000. 87.06% of the stock is owned by hedge funds and other institutional investors.

Andersons Stock Up 0.2 %

Shares of NASDAQ ANDE opened at $40.50 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.98 and a debt-to-equity ratio of 0.36. The firm has a 50-day moving average price of $45.96 and a 200 day moving average price of $48.24. The Andersons, Inc. has a 52 week low of $39.25 and a 52 week high of $61.46. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 11.57 and a beta of 0.57.

Andersons (NASDAQ:ANDE) last posted its earnings results on Monday, November 4th. The basic materials company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.37. The company had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.90 billion. Andersons had a return on equity of 8.21% and a net margin of 1.06%. Andersons’s revenue was down 27.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.13 earnings per share. Equities research analysts anticipate that The Andersons, Inc. will post 2.9 EPS for the current fiscal year.

Andersons Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Thursday, January 2nd will be given a dividend of $0.195 per share. The ex-dividend date is Thursday, January 2nd. This represents a $0.78 dividend on an annualized basis and a yield of 1.93%. This is a boost from Andersons’s previous quarterly dividend of $0.19. Andersons’s payout ratio is presently 22.29%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on ANDE shares. Stephens raised Andersons to a “strong-buy” rating in a report on Monday, December 2nd. StockNews.com raised Andersons from a “hold” rating to a “buy” rating in a report on Wednesday, November 13th.

Insider Buying and Selling at Andersons

In related news, insider Joseph E. Mcneely sold 2,382 shares of Andersons stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $47.73, for a total transaction of $113,692.86. Following the completion of the transaction, the insider now directly owns 49,601 shares in the company, valued at $2,367,455.73. The trade was a 4.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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.