Algert Global LLC trimmed its stake in The Andersons, Inc. (NASDAQ:ANDE) by 1.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,200 shares of the basic materials company’s stock after selling 510 shares during the period. Algert Global LLC owned approximately 0.10% of The Andersons worth $1,014,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. grew its position in The Andersons by 4.2% during the 2nd quarter. BlackRock Inc. now owns 5,213,792 shares of the basic materials company’s stock worth $159,176,000 after purchasing an additional 210,638 shares during the last quarter. Vanguard Group Inc. grew its position in The Andersons by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 3,578,482 shares of the basic materials company’s stock worth $109,252,000 after purchasing an additional 72,119 shares during the last quarter. Acuitas Investments LLC grew its position in The Andersons by 3,994.5% during the 2nd quarter. Acuitas Investments LLC now owns 2,747,914 shares of the basic materials company’s stock worth $90,000 after purchasing an additional 2,680,801 shares during the last quarter. Dimensional Fund Advisors LP grew its position in The Andersons by 0.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,486,319 shares of the basic materials company’s stock worth $75,906,000 after purchasing an additional 14,728 shares during the last quarter. Finally, Private Management Group Inc. lifted its stake in shares of The Andersons by 1.5% in the 2nd quarter. Private Management Group Inc. now owns 925,399 shares of the basic materials company’s stock worth $28,252,000 after acquiring an additional 14,102 shares during the period. 76.26% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts have recently commented on ANDE shares. TheStreet upgraded shares of The Andersons from a “c+” rating to a “b-” rating in a research note on Monday, September 20th. Seaport Res Ptn upgraded shares of The Andersons from a “neutral” rating to a “buy” rating in a research note on Wednesday, August 18th. Zacks Investment Research cut shares of The Andersons from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 5th. Finally, Seaport Global Securities upgraded shares of The Andersons from a “neutral” rating to a “buy” rating in a research note on Wednesday, August 18th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $31.00.
Shares of NASDAQ ANDE traded up $0.37 during midday trading on Thursday, hitting $31.07. The company had a trading volume of 161 shares, compared to its average volume of 156,006. The company has a quick ratio of 0.78, a current ratio of 1.32 and a debt-to-equity ratio of 0.71. The Andersons, Inc. has a twelve month low of $18.02 and a twelve month high of $34.41. The business has a 50-day simple moving average of $30.06 and a two-hundred day simple moving average of $29.60. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 13.95 and a beta of 0.68.
The Andersons (NASDAQ:ANDE) last posted its earnings results on Monday, August 2nd. The basic materials company reported $1.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.70. The Andersons had a net margin of 0.71% and a return on equity of 6.47%. The firm had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $2.42 billion. On average, equities analysts forecast that The Andersons, Inc. will post 2.26 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 22nd. Shareholders of record on Friday, October 1st will be issued a dividend of $0.175 per share. The ex-dividend date is Thursday, September 30th. This represents a $0.70 annualized dividend and a yield of 2.25%. The Andersons’s dividend payout ratio (DPR) is currently 777.78%.
The Andersons Company Profile
The Andersons, Inc is an agricultural rooted diversified company, which engages in railcar leasing and repair, turf products production, and consumer retailing. It operates through the following business segments: Trade, Ethanol, Plant Nutrient, and Rail. The Trade segment specializes in the movement of physical commodities such as whole grains, grains products, feed ingredients, frac sand, domestic fuel products, and other agricultural commodities.
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