1 week Ago By ABMN Staff
JPMorgan Chase & Co. increased its position in The Andersons, Inc. ( NASDAQ:ANDE – Free Report ) by 10.
6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 397,691 shares of the basic materials company’s stock after purchasing an additional 38,020 shares during the period.
JPMorgan Chase & Co.’s holdings in Andersons were worth $16,114,000 at the end of the most recent reporting period. A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ANDE.
State Street Corp raised its holdings in shares of Andersons by 2.2% during the 3rd quarter. State Street Corp now owns 1,337,344 shares of the basic materials company’s stock worth $67,054,000 after acquiring an additional 28,773 shares in the last quarter.
Wellington Management Group LLP purchased a new stake in Andersons during the third quarter valued at $2,798,000. EP Wealth Advisors LLC purchased a new stake in Andersons during the third quarter valued at $253,000. Barclays PLC lifted its position in Andersons by 347.
7% during the third quarter. Barclays PLC now owns 54,358 shares of the basic materials company’s stock valued at $2,725,000 after purchasing an additional 42,217 shares during the last quarter. Finally, Vestcor Inc grew its stake in shares of Andersons by 413.
7% in the 3rd quarter. Vestcor Inc now owns 13,038 shares of the basic materials company’s stock worth $654,000 after buying an additional 10,500 shares in the last quarter. 87.
06% of the stock is owned by institutional investors. Andersons Stock Up 1.5 % NASDAQ ANDE opened at $37.
86 on Friday. The Andersons, Inc. has a 52 week low of $35.
88 and a 52 week high of $61.46. The firm has a market capitalization of $1.
29 billion, a price-to-earnings ratio of 11.40 and a beta of 0.55.
The company has a quick ratio of 0.90, a current ratio of 1.65 and a debt-to-equity ratio of 0.
38. The company has a fifty day moving average of $41.80 and a two-hundred day moving average of $44.
13. Andersons Dividend Announcement The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 1st will be issued a $0.
195 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $0.
78 annualized dividend and a dividend yield of 2.06%. Andersons’s payout ratio is 23.
49%. Analyst Upgrades and Downgrades A number of brokerages recently commented on ANDE. StockNews.
com downgraded shares of Andersons from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Stephens reaffirmed an “overweight” rating and issued a $55.00 price objective on shares of Andersons in a research note on Wednesday, February 19th.
Get Our Latest Report on Andersons Insider Buying and Selling In related news, VP Weston Heide sold 800 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The shares were 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 of the company’s stock, valued at $772,992. This trade represents a 4.
73 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website . 4.
30% of the stock is owned by corporate insiders. Andersons Profile ( Free Report ) 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. See Also Want to see what other hedge funds are holding ANDE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Andersons, Inc.
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