Illinois Municipal Retirement Fund Sells 716 Shares of The Andersons, Inc. (NASDAQ:ANDE)

Illinois Municipal Retirement Fund trimmed its holdings in The Andersons, Inc. (NASDAQ:ANDE) by 3.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,658 shares of the basic materials company’s stock after selling 716 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Andersons were worth $716,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Peoples Bank KS boosted its holdings in Andersons by 250.0% in the 4th quarter. Peoples Bank KS now owns 700 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 500 shares during the period. KBC Group NV raised its position in shares of Andersons by 70.3% during the fourth quarter. KBC Group NV now owns 1,558 shares of the basic materials company’s stock valued at $63,000 after buying an additional 643 shares during the last quarter. Truvestments Capital LLC bought a new stake in shares of Andersons in the third quarter valued at about $98,000. Systematic Financial Management LP bought a new stake in shares of Andersons in the third quarter valued at about $227,000. Finally, EP Wealth Advisors LLC acquired a new stake in Andersons during the third quarter worth about $253,000. Institutional investors and hedge funds own 87.06% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the company. Stephens reiterated an “overweight” rating and issued a $55.00 price objective on shares of Andersons in a research report on Wednesday, February 19th. StockNews.com cut Andersons from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th.

Insiders Place Their Bets

In other news, VP Weston Heide sold 800 shares of the company’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 sale, the vice president now owns 16,104 shares of the company’s stock, valued at approximately $772,992. This represents a 4.73 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 5.10% of the company’s stock.

Andersons Price Performance

Shares of Andersons stock opened at $41.56 on Tuesday. The firm has a market cap of $1.41 billion, a P/E ratio of 12.52 and a beta of 0.58. The firm’s 50-day simple moving average is $42.06 and its 200-day simple moving average is $45.72. The Andersons, Inc. has a twelve month low of $39.25 and a twelve month high of $61.46. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.90 and a current ratio of 1.65.

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

Andersons Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 1st will be given a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend is Tuesday, April 1st. Andersons’s dividend payout ratio (DPR) is 23.49%.

About Andersons

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.