Teachers Retirement System of The State of Kentucky continued to hold its position in The Andersons, Inc. (NASDAQ:ANDE) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,450 shares of the basic materials company’s stock at the end of the first quarter. Teachers Retirement System of The State of Kentucky’s holdings in The Andersons were worth $282,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. State of Alaska Department of Revenue boosted its position in The Andersons by 1.8% in the first quarter. State of Alaska Department of Revenue now owns 2,890 shares of the basic materials company’s stock worth $109,000 after buying an additional 50 shares during the last quarter. Fifth Third Bancorp boosted its position in The Andersons by 4.6% in the first quarter. Fifth Third Bancorp now owns 3,463 shares of the basic materials company’s stock worth $131,000 after buying an additional 153 shares during the last quarter. Botty Investors LLC acquired a new position in The Andersons during the first quarter worth about $142,000. FNY Partners Fund LP acquired a new position in The Andersons during the first quarter worth about $189,000. Finally, SG Americas Securities LLC boosted its position in The Andersons by 119.3% in the first quarter. SG Americas Securities LLC now owns 5,727 shares of the basic materials company’s stock worth $217,000 after buying an additional 3,115 shares during the last quarter. Hedge funds and other institutional investors own 74.97% of the company’s stock.
Shares of The Andersons, Inc. (ANDE) remained flat at $32.95 during trading on Thursday. The company had a trading volume of 7,568 shares. The Andersons, Inc. has a 52-week low of $31.65 and a 52-week high of $44.90. The firm has a 50 day moving average price of $33.81 and a 200 day moving average price of $36.29. The company’s market capitalization is $934.13 million.
The Andersons (NASDAQ:ANDE) last released its quarterly earnings results on Thursday, August 3rd. The basic materials company reported $0.54 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.71 by $0.17. The Andersons had a negative net margin of 0.47% and a positive return on equity of 3.77%. The firm had revenue of $993.70 million for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the prior year, the firm earned $0.51 earnings per share. The company’s revenue for the quarter was down 6.6% compared to the same quarter last year. On average, equities research analysts anticipate that The Andersons, Inc. will post $1.71 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, July 24th. Investors of record on Monday, July 3rd were given a dividend of $0.16 per share. The ex-dividend date was Thursday, June 29th. This represents a $0.64 annualized dividend and a dividend yield of 1.94%. The Andersons’s dividend payout ratio is presently -101.59%.
A number of equities analysts have issued reports on the company. BidaskClub cut The Andersons from a “sell” rating to a “strong sell” rating in a report on Tuesday, June 20th. BMO Capital Markets cut their price target on The Andersons from $41.00 to $39.00 and set a “market perform” rating on the stock in a report on Friday, May 5th. Zacks Investment Research upgraded The Andersons from a “strong sell” rating to a “hold” rating in a report on Thursday, July 6th. Finally, Stephens cut The Andersons from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $42.00 to $35.00 in a report on Monday. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The Andersons currently has an average rating of “Hold” and an average target price of $40.00.
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 segments, including Grain, Ethanol, Rail, Plant Nutrient and Retail.
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