Renaissance Technologies LLC Buys 23,476 Shares of The Andersons, Inc. (NASDAQ:ANDE)

Renaissance Technologies LLC boosted its position in The Andersons, Inc. (NASDAQ:ANDE) by 16.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 169,476 shares of the basic materials company’s stock after acquiring an additional 23,476 shares during the period. Renaissance Technologies LLC’s holdings in Andersons were worth $6,867,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ANDE. Peoples Bank KS lifted its stake 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 buying an additional 500 shares in the last quarter. KBC Group NV boosted its stake in Andersons by 70.3% during the 4th quarter. KBC Group NV now owns 1,558 shares of the basic materials company’s stock valued at $63,000 after purchasing an additional 643 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Andersons by 16.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,866 shares of the basic materials company’s stock worth $116,000 after purchasing an additional 412 shares during the last quarter. Arete Wealth Advisors LLC lifted its holdings in shares of Andersons by 9.4% in the fourth quarter. Arete Wealth Advisors LLC now owns 6,710 shares of the basic materials company’s stock valued at $272,000 after purchasing an additional 579 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Andersons during the fourth quarter valued at approximately $280,000. 87.06% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Andersons

In related news, VP Weston Heide sold 800 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $48.00, for a total value of $38,400.00. Following the transaction, the vice president now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 4.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Stephens restated an “overweight” rating and set a $55.00 price objective on shares of Andersons in a research note on Wednesday, February 19th. StockNews.com cut shares of Andersons from a “buy” rating to a “hold” rating in a report on Thursday, February 20th.

Andersons Stock Performance

Shares of Andersons stock opened at $38.12 on Friday. The firm has a market capitalization of $1.30 billion, a P/E ratio of 11.48 and a beta of 0.55. The company has a current ratio of 1.65, a quick ratio of 0.90 and a debt-to-equity ratio of 0.38. The business’s fifty day simple moving average is $41.52 and its 200 day simple moving average is $43.75. The Andersons, Inc. has a 12 month low of $35.88 and a 12 month high of $61.46.

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

Andersons Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 1st will be given a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date is Tuesday, April 1st. Andersons’s dividend payout ratio is currently 23.49%.

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.