Advisors Asset Management Inc. raised its stake in shares of The Andersons Inc. (NASDAQ:ANDE) by 12.4% during the second quarter, according to its most recent filing with the SEC. The fund owned 10,238 shares of the company’s stock after buying an additional 1,131 shares during the period. Advisors Asset Management Inc.’s holdings in The Andersons were worth $364,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in the stock. Prudential Financial Inc. boosted 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 valued at $2,330,000 after buying an additional 12,852 shares during the period. BlackRock Fund Advisors boosted its stake in The Andersons by 1.3% in the first quarter. BlackRock Fund Advisors now owns 1,690,140 shares of the company’s stock valued at $53,087,000 after buying an additional 21,382 shares during the last quarter. Hillcrest Asset Management LLC purchased a new stake in The Andersons during the first quarter valued at approximately $4,612,000. Arizona State Retirement System boosted its stake in The Andersons by 4.7% in the first quarter. Arizona State Retirement System now owns 13,461 shares of the company’s stock valued at $423,000 after buying an additional 600 shares during the last quarter. Finally, BlackRock Inc. boosted its stake in The Andersons by 6.0% in the first quarter. BlackRock Inc. now owns 31,600 shares of the company’s stock valued at $993,000 after buying an additional 1,801 shares during the last quarter. Institutional investors and hedge funds own 74.86% of the company’s stock.
The Andersons Inc. (NASDAQ:ANDE) traded up 3.168% on Friday, hitting $35.985. The company’s stock had a trading volume of 77,560 shares. The stock’s market cap is $1.02 billion. The firm has a 50 day moving average of $35.95 and a 200-day moving average of $34.06. The Andersons Inc. has a 12 month low of $23.25 and a 12 month high of $38.74.
The Andersons (NASDAQ:ANDE) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.58 by $0.07. The company earned $1.06 billion during the quarter, compared to analyst estimates of $1.24 billion. The Andersons had a negative net margin of 1.19% and a positive return on equity of 0.45%. The company’s quarterly revenue was down 10.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.09 EPS. On average, analysts expect that The Andersons Inc. will post $1.00 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 24th. Investors of record on Monday, October 3rd will be paid a dividend of $0.155 per share. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $0.62 annualized dividend and a yield of 1.78%. The Andersons’s dividend payout ratio is currently -35.84%.
Several equities research analysts have commented on the company. Zacks Investment Research upgraded The Andersons from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research note on Tuesday. Macquarie restated a “buy” rating and issued a $42.00 target price (up previously from $36.00) on shares of The Andersons in a research note on Monday, June 6th. Finally, Buckingham Research upgraded The Andersons from a “neutral” rating to a “buy” rating and boosted their target price for the company from $40.00 to $42.00 in a research note on Monday. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $39.75.
The Andersons Company Profile
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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