Nationwide Fund Advisors decreased its position in Andersons Inc (NASDAQ:ANDE) by 51.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,680 shares of the basic materials company’s stock after selling 24,276 shares during the period. Nationwide Fund Advisors owned 0.08% of Andersons worth $777,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of ANDE. Sei Investments Co. grew its position in shares of Andersons by 25.0% during the 2nd quarter. Sei Investments Co. now owns 5,027 shares of the basic materials company’s stock valued at $172,000 after acquiring an additional 1,006 shares during the period. Public Employees Retirement System of Ohio grew its position in shares of Andersons by 10.2% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,928 shares of the basic materials company’s stock valued at $202,000 after acquiring an additional 549 shares during the period. Aperio Group LLC boosted its holdings in Andersons by 1.7% in the 2nd quarter. Aperio Group LLC now owns 7,264 shares of the basic materials company’s stock worth $248,000 after buying an additional 119 shares during the period. BNP Paribas Arbitrage SA boosted its holdings in Andersons by 48.9% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 10,389 shares of the basic materials company’s stock worth $355,000 after buying an additional 3,411 shares during the period. Finally, Advisors Asset Management Inc. boosted its holdings in Andersons by 11.6% in the 2nd quarter. Advisors Asset Management Inc. now owns 13,067 shares of the basic materials company’s stock worth $446,000 after buying an additional 1,353 shares during the period. Hedge funds and other institutional investors own 77.75% of the company’s stock.
Shares of Andersons Inc (NASDAQ:ANDE) opened at $32.65 on Monday. Andersons Inc has a 52 week low of $29.60 and a 52 week high of $41.45. The company has a quick ratio of 0.56, a current ratio of 1.36 and a debt-to-equity ratio of 0.50. The stock has a market cap of $925.82, a P/E ratio of -54.42 and a beta of 1.29.
Andersons (NASDAQ:ANDE) last posted its earnings results on Monday, November 6th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.07). Andersons had a return on equity of 1.37% and a net margin of 0.31%. The firm had revenue of $836.60 million during the quarter, compared to analysts’ expectations of $899.95 million. During the same quarter in the prior year, the company earned $0.06 earnings per share. The business’s revenue for the quarter was down 2.7% compared to the same quarter last year. equities analysts anticipate that Andersons Inc will post 0.89 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 23rd. Shareholders of record on Tuesday, January 2nd will be paid a $0.165 dividend. The ex-dividend date of this dividend is Friday, December 29th. This is a boost from Andersons’s previous quarterly dividend of $0.16. This represents a $0.66 annualized dividend and a yield of 2.02%. Andersons’s dividend payout ratio is currently -110.00%.
Several research firms recently commented on ANDE. BMO Capital Markets cut their price objective on shares of Andersons from $39.00 to $34.00 and set a “market perform” rating for the company in a report on Wednesday, November 8th. Buckingham Research downgraded shares of Andersons from a “buy” rating to a “neutral” rating in a report on Wednesday, November 8th. Finally, Zacks Investment Research upgraded shares of Andersons from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 1st. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. Andersons currently has an average rating of “Hold” and an average target price of $34.50.
The Andersons, Inc is a diversified company. The Company conducts business across North America in the grain, ethanol, plant nutrient and rail sectors. The Company also produces turf and cob products. The Company operates through segments, including Grain, Ethanol, Rail and Plant Nutrient. Its Grain business operates grain elevators in various states in the United States Corn Belt.
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