SG Americas Securities LLC Sells 3,208 Shares of The Andersons, Inc. (NASDAQ:ANDE)

SG Americas Securities LLC lowered its position in shares of The Andersons, Inc. (NASDAQ:ANDE) by 32.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 6,735 shares of the basic materials company’s stock after selling 3,208 shares during the quarter. SG Americas Securities LLC’s holdings in Andersons were worth $273,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Peoples Bank KS grew its stake 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 purchasing an additional 500 shares during the period. Truvestments Capital LLC bought a new stake in shares of Andersons in the 3rd quarter worth $98,000. Systematic Financial Management LP purchased a new stake in shares of Andersons during the third quarter valued at approximately $227,000. Inspire Advisors LLC increased its holdings in 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 buying an additional 480 shares during the last quarter. Finally, EP Wealth Advisors LLC purchased a new position in Andersons in the third quarter valued at approximately $253,000. Institutional investors own 87.06% of the company’s stock.

Insider Activity

In other news, insider Joseph E. Mcneely sold 2,382 shares of the business’s 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 completion of the transaction, the insider now owns 49,601 shares of the company’s stock, valued at approximately $2,367,455.73. The trade was a 4.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 5.10% of the company’s stock.

Analysts Set New Price Targets

ANDE has been the topic of a number of research reports. StockNews.com cut Andersons from a “buy” rating to a “hold” rating in a research note on Tuesday. Stephens restated an “overweight” rating and set a $60.00 price target on shares of Andersons in a research note on Thursday, January 2nd.

Andersons Price Performance

Shares of NASDAQ ANDE opened at $40.63 on Thursday. The stock has a fifty day moving average of $42.95 and a 200-day moving average of $46.79. The stock has a market cap of $1.38 billion, a PE ratio of 11.61 and a beta of 0.58. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.23 and a current ratio of 1.98. The Andersons, Inc. has a fifty-two week low of $39.25 and a fifty-two week high of $61.46.

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

Andersons Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 23rd. Shareholders of record on Thursday, January 2nd were paid a $0.195 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This is a boost from Andersons’s previous quarterly dividend of $0.19. This represents a $0.78 annualized dividend and a yield of 1.92%. Andersons’s dividend payout ratio is currently 22.29%.

About Andersons

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.