Redmont Wealth Advisors LLC Sells 3,475 Shares of The Andersons, Inc. (NASDAQ:ANDE)

Redmont Wealth Advisors LLC reduced its holdings in shares of The Andersons, Inc. (NASDAQ:ANDE) by 29.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,270 shares of the basic materials company’s stock after selling 3,475 shares during the period. Redmont Wealth Advisors LLC’s holdings in Andersons were worth $335,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in ANDE. Charles Schwab Investment Management Inc. increased its stake in Andersons by 23.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 652,579 shares of the basic materials company’s stock worth $32,720,000 after purchasing an additional 124,468 shares during the period. Wedge Capital Management L L P NC purchased a new stake in shares of Andersons during the fourth quarter valued at approximately $2,744,000. Wellington Management Group LLP bought a new position in shares of Andersons in the third quarter worth approximately $2,798,000. Nordea Investment Management AB increased its stake in shares of Andersons by 86.5% in the fourth quarter. Nordea Investment Management AB now owns 101,099 shares of the basic materials company’s stock worth $4,110,000 after buying an additional 46,903 shares during the period. Finally, Squarepoint Ops LLC bought a new stake in Andersons during the 2nd quarter valued at $2,311,000. 87.06% of the stock is owned by hedge funds and other institutional investors.

Andersons Stock Performance

Shares of ANDE stock opened at $43.02 on Thursday. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of 12.29 and a beta of 0.59. The stock has a fifty day moving average of $44.21 and a 200 day moving average of $47.32. The Andersons, Inc. has a 52 week low of $39.25 and a 52 week high of $61.46. The company has a quick ratio of 1.23, a current ratio of 1.98 and a debt-to-equity ratio of 0.36.

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

Andersons Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Thursday, January 2nd will be paid a dividend of $0.195 per share. This is a boost from Andersons’s previous quarterly dividend of $0.19. The ex-dividend date is Thursday, January 2nd. This represents a $0.78 dividend on an annualized basis and a yield of 1.81%. Andersons’s payout ratio is presently 22.29%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ANDE. Stephens reissued an “overweight” rating and issued a $60.00 price target on shares of Andersons in a report on Thursday, January 2nd. StockNews.com raised Andersons from a “hold” rating to a “buy” rating in a research note on Wednesday, November 13th.

Insider Buying and Selling

In related news, insider Joseph E. Mcneely sold 2,382 shares of Andersons stock in a transaction on Wednesday, November 27th. The stock was 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 of the company’s stock, valued at $2,367,455.73. The trade was a 4.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 5.10% of the stock is currently owned by company insiders.

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.