Barrow Hanley Mewhinney & Strauss LLC decreased its stake in shares of Andersons Inc (NASDAQ:ANDE) by 16.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 90,788 shares of the basic materials company’s stock after selling 17,662 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned 0.32% of Andersons worth $2,714,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. BlackRock Inc. grew its holdings in Andersons by 3.0% in the 4th quarter. BlackRock Inc. now owns 3,918,354 shares of the basic materials company’s stock valued at $117,119,000 after buying an additional 115,375 shares during the last quarter. Vanguard Group Inc lifted its position in shares of Andersons by 2.0% in the 3rd quarter. Vanguard Group Inc now owns 2,885,994 shares of the basic materials company’s stock worth $108,657,000 after acquiring an additional 56,319 shares during the period. Vanguard Group Inc. lifted its position in shares of Andersons by 2.0% in the 3rd quarter. Vanguard Group Inc. now owns 2,885,994 shares of the basic materials company’s stock worth $108,657,000 after acquiring an additional 56,319 shares during the period. Victory Capital Management Inc. lifted its position in shares of Andersons by 5.9% in the 4th quarter. Victory Capital Management Inc. now owns 2,542,109 shares of the basic materials company’s stock worth $75,984,000 after acquiring an additional 141,975 shares during the period. Finally, Deprince Race & Zollo Inc. lifted its position in shares of Andersons by 13.5% in the 4th quarter. Deprince Race & Zollo Inc. now owns 969,015 shares of the basic materials company’s stock worth $28,964,000 after acquiring an additional 115,210 shares during the period. 68.30% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Andersons stock traded up $0.04 during midday trading on Friday, hitting $32.85. 90,367 shares of the company were exchanged, compared to its average volume of 85,043. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.23 and a quick ratio of 0.40. The company has a market capitalization of $1.10 billion, a PE ratio of 21.90 and a beta of 1.22. Andersons Inc has a 52 week low of $27.62 and a 52 week high of $41.70.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 22nd. Investors of record on Monday, April 1st will be given a dividend of $0.17 per share. The ex-dividend date is Friday, March 29th. This represents a $0.68 annualized dividend and a dividend yield of 2.07%.
In related news, insider Corbett J. Jorgenson sold 750 shares of the firm’s stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $37.34, for a total transaction of $28,005.00. Following the completion of the transaction, the insider now owns 14,796 shares in the company, valued at approximately $552,482.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael J. Anderson sold 2,100 shares of Andersons stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $36.69, for a total value of $77,049.00. The disclosure for this sale can be found here. Insiders have sold a total of 6,611 shares of company stock valued at $238,853 in the last 90 days. 5.00% of the stock is owned by corporate insiders.
ANDE has been the subject of a number of research reports. TheStreet upgraded Andersons from a “c” rating to a “b” rating in a research report on Thursday, February 14th. BidaskClub upgraded Andersons from a “hold” rating to a “buy” rating in a research report on Monday, January 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $41.33.
The Andersons, Inc, an agriculture company, operates in the grain, ethanol, plant nutrient, and rail sectors in the United States and internationally. The company's Grain segment operates grain elevators; stores grains; and provides grain marketing, risk management, and corn origination services to its customers and affiliated ethanol facilities.
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