California Public Employees Retirement System boosted its stake in shares of Andersons Inc (NASDAQ:ANDE) by 4.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 60,255 shares of the basic materials company’s stock after acquiring an additional 2,455 shares during the period. California Public Employees Retirement System owned 0.21% of Andersons worth $2,064,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of ANDE. IndexIQ Advisors LLC increased its stake in Andersons by 413.0% during the 3rd quarter. IndexIQ Advisors LLC now owns 3,360 shares of the basic materials company’s stock worth $115,000 after acquiring an additional 2,705 shares during the period. SG Americas Securities LLC increased its stake in shares of Andersons by 82.7% in the 3rd quarter. SG Americas Securities LLC now owns 5,498 shares of the basic materials company’s stock valued at $188,000 after purchasing an additional 2,489 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of Andersons by 10.2% in 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 purchasing an additional 549 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its stake in shares of Andersons by 37.6% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 10,250 shares of the basic materials company’s stock valued at $351,000 after purchasing an additional 2,800 shares during the last quarter. Finally, Stevens Capital Management LP bought a new position in shares of Andersons in the 3rd quarter valued at $354,000. Hedge funds and other institutional investors own 77.75% of the company’s stock.
Andersons Inc (NASDAQ:ANDE) opened at $32.95 on Friday. 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 capitalization of $940.00, a price-to-earnings ratio of -54.92 and a beta of 1.29.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 23rd. Stockholders of record on Tuesday, January 2nd will be paid a $0.165 dividend. This is a positive change from Andersons’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Friday, December 29th. This represents a $0.66 annualized dividend and a dividend yield of 2.00%. Andersons’s dividend payout ratio (DPR) is presently -110.00%.
Several brokerages have recently issued reports on ANDE. Zacks Investment Research upgraded Andersons from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 1st. BMO Capital Markets decreased their price target on Andersons from $39.00 to $34.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 8th. Finally, Buckingham Research lowered Andersons from a “buy” rating to a “neutral” rating in a research note on Wednesday, November 8th. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The stock currently has an average rating of “Hold” and an average target price of $34.50.
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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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