First Trust Advisors LP reduced its position in The Andersons Inc. (NASDAQ:ANDE) by 59.0% during the second quarter, Holdings Channel reports. The institutional investor owned 23,054 shares of the company’s stock after selling 33,188 shares during the period. First Trust Advisors LP owned 0.08% of The Andersons worth $819,000 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. Royal Bank of Canada raised its position in shares of The Andersons by 1.6% in the first quarter. Royal Bank of Canada now owns 12,042 shares of the company’s stock worth $379,000 after buying an additional 194 shares in the last quarter. Commonwealth Equity Services Inc increased its stake in The Andersons by 3.6% in the second quarter. Commonwealth Equity Services Inc now owns 8,214 shares of the company’s stock valued at $292,000 after buying an additional 286 shares during the last quarter. Swiss National Bank increased its stake in The Andersons by 1.9% in the second quarter. Swiss National Bank now owns 43,950 shares of the company’s stock valued at $1,562,000 after buying an additional 800 shares during the last quarter. BlackRock Inc. increased 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. Finally, BlackRock Group LTD increased its stake in The Andersons by 7.4% in the first quarter. BlackRock Group LTD now owns 35,295 shares of the company’s stock valued at $1,109,000 after buying an additional 2,440 shares during the last quarter. Hedge funds and other institutional investors own 74.86% of the company’s stock.
Shares of The Andersons Inc. (NASDAQ:ANDE) traded down 1.00% during midday trading on Friday, hitting $35.79. 70,231 shares of the company were exchanged. The stock’s 50-day moving average is $35.88 and its 200-day moving average is $34.29. The stock’s market cap is $1.01 billion. The Andersons Inc. has a one year low of $23.25 and a one year high of $38.56.
The Andersons (NASDAQ:ANDE) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by $0.07. The Andersons had a positive return on equity of 0.45% and a negative net margin of 1.19%. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same quarter last year, the company earned $1.09 EPS. The business’s revenue for the quarter was down 10.4% compared to the same quarter last year. Equities research analysts anticipate that The Andersons Inc. will post $1.00 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 24th. Stockholders 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 dividend yield of 1.73%. The Andersons’s dividend payout ratio (DPR) is -35.84%.
Several equities research analysts have recently weighed in on ANDE shares. Zacks Investment Research raised shares of The Andersons from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a research report on Tuesday, September 27th. Buckingham Research raised shares of The Andersons from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $40.00 to $42.00 in a research report on Monday, September 26th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target 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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