Peoples Bank KS Has $28,000 Stock Position in The Andersons, Inc. (NASDAQ:ANDE)

Peoples Bank KS lifted its stake in shares of The Andersons, Inc. (NASDAQ:ANDE) by 250.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 700 shares of the basic materials company’s stock after buying an additional 500 shares during the period. Peoples Bank KS’s holdings in Andersons were worth $28,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Pacer Advisors Inc. grew its position in Andersons by 8.8% during the 2nd quarter. Pacer Advisors Inc. now owns 3,737,703 shares of the basic materials company’s stock worth $185,390,000 after acquiring an additional 303,711 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Andersons by 16.8% during the second quarter. American Century Companies Inc. now owns 933,968 shares of the basic materials company’s stock worth $46,325,000 after purchasing an additional 134,126 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Andersons by 23.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 652,579 shares of the basic materials company’s stock valued at $32,720,000 after buying an additional 124,468 shares during the period. Wellington Management Group LLP bought a new position in Andersons in the 3rd quarter valued at approximately $2,798,000. Finally, Nordea Investment Management AB boosted its position in Andersons by 86.5% during the 4th 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. 87.06% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Insider Transactions at Andersons

In other news, insider Joseph E. Mcneely sold 2,382 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $47.73, for a total transaction 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. This trade represents a 4.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 5.10% of the company’s stock.

Andersons Price Performance

Andersons stock opened at $41.64 on Wednesday. The stock’s 50 day moving average is $44.92 and its 200 day moving average is $47.74. The Andersons, Inc. has a one year low of $39.25 and a one year high of $61.46. The firm has a market cap of $1.42 billion, a P/E ratio of 11.90 and a beta of 0.59. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.98 and a quick ratio of 1.23.

Andersons (NASDAQ:ANDE) last issued 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. Andersons had a net margin of 1.06% and a return on equity of 8.21%. The firm had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter in the previous year, the company earned $0.13 EPS. The company’s revenue for the quarter was down 27.9% on a year-over-year basis. As a group, research analysts expect that The Andersons, Inc. will post 2.9 EPS for the current year.

Andersons Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Thursday, January 2nd will be issued a dividend of $0.195 per share. This is an increase from Andersons’s previous quarterly dividend of $0.19. This represents a $0.78 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date is Thursday, January 2nd. Andersons’s dividend payout ratio (DPR) is presently 22.29%.

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.