Dimensional Fund Advisors LP increased its stake in The Andersons Inc. (NASDAQ:ANDE) by 4.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,015,475 shares of the company’s stock after buying an additional 79,149 shares during the period. Dimensional Fund Advisors LP owned approximately 7.14% of The Andersons worth $71,629,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Prudential Financial Inc. raised its position in The Andersons by 21.0% in the first quarter. Prudential Financial Inc. now owns 74,177 shares of the company’s stock worth $2,330,000 after buying an additional 12,852 shares during the period. BlackRock Fund Advisors raised its position in The Andersons by 1.3% in the first quarter. BlackRock Fund Advisors now owns 1,690,140 shares of the company’s stock worth $53,087,000 after buying an additional 21,382 shares during the period. Hillcrest Asset Management LLC acquired a new position in The Andersons during the first quarter worth $4,612,000. Arizona State Retirement System raised its position in The Andersons by 4.7% in the first quarter. Arizona State Retirement System now owns 13,461 shares of the company’s stock worth $423,000 after buying an additional 600 shares during the period. Finally, BlackRock Inc. raised its position in The Andersons by 6.0% in the first quarter. BlackRock Inc. now owns 31,600 shares of the company’s stock worth $993,000 after buying an additional 1,801 shares during the period. 74.86% of the stock is currently owned by institutional investors and hedge funds.
The Andersons Inc. (NASDAQ:ANDE) traded down 1.03% during mid-day trading on Wednesday, reaching $34.65. 8,586 shares of the company were exchanged. The Andersons Inc. has a one year low of $23.25 and a one year high of $38.74. The stock has a 50-day moving average price of $36.06 and a 200 day moving average price of $34.04. The company’s market capitalization is $978.03 million.
The Andersons (NASDAQ:ANDE) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.51 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.58 by $0.07. The firm earned $1.06 billion during the quarter, compared to the consensus estimate of $1.24 billion. The Andersons had a positive return on equity of 0.45% and a negative net margin of 1.19%. The business’s revenue for the quarter was down 10.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.09 EPS. Analysts predict that The Andersons Inc. will post $1.00 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 24th. Shareholders of record on Monday, October 3rd will be paid a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 1.77%. The ex-dividend date is Thursday, September 29th. The Andersons’s dividend payout ratio is currently -35.84%.
Several analysts have recently commented on the stock. Zacks Investment Research upgraded shares of The Andersons from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a report on Tuesday. Buckingham Research upgraded shares of The Andersons from a “neutral” rating to a “buy” rating and increased their target price for the company from $40.00 to $42.00 in a report on Monday. Finally, Macquarie reiterated a “buy” rating and issued a $42.00 target price (up previously from $36.00) on shares of The Andersons in a report on Monday, June 6th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $39.75.
About The Andersons
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, and has a consumer retailing presence. The Company operates through five segments: Grain, Ethanol, Rail, Plant Nutrient and Retail.
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