BNP Paribas Arbitrage SA raised its position in The Andersons, Inc. (NASDAQ:ANDE) by 48.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,389 shares of the basic materials company’s stock after buying an additional 3,411 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in The Andersons were worth $355,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. BlackRock Inc. grew its holdings in shares of The Andersons by 9,971.2% during the 1st quarter. BlackRock Inc. now owns 3,283,827 shares of the basic materials company’s stock worth $124,456,000 after purchasing an additional 3,251,221 shares in the last quarter. Cambiar Investors LLC acquired a new stake in shares of The Andersons during the 2nd quarter worth $9,290,000. Vanguard Group Inc. grew its holdings in shares of The Andersons by 6.9% during the 1st quarter. Vanguard Group Inc. now owns 2,646,241 shares of the basic materials company’s stock worth $100,292,000 after purchasing an additional 170,808 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of The Andersons by 8.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,280,900 shares of the basic materials company’s stock worth $86,446,000 after purchasing an additional 169,452 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of The Andersons by 7.0% during the 1st quarter. Victory Capital Management Inc. now owns 2,013,473 shares of the basic materials company’s stock worth $76,311,000 after purchasing an additional 131,363 shares in the last quarter. 77.02% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have recently issued reports on ANDE. BidaskClub lowered The Andersons from a “sell” rating to a “strong sell” rating in a report on Thursday, August 24th. Stephens lowered The Andersons from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $42.00 to $35.00 in a report on Monday, August 7th. Finally, Zacks Investment Research raised The Andersons from a “strong sell” rating to a “hold” rating in a report on Thursday, July 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $40.00.
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Shares of The Andersons, Inc. (NASDAQ ANDE) opened at 33.25 on Monday. The stock’s 50 day moving average price is $32.45 and its 200 day moving average price is $35.15. The firm’s market capitalization is $942.64 million. The Andersons, Inc. has a 12-month low of $30.80 and a 12-month high of $44.90.
The Andersons (NASDAQ:ANDE) last released its quarterly earnings data on Thursday, August 3rd. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $993.70 million for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the previous year, the firm posted $0.51 earnings per share. The business’s revenue for the quarter was down 6.6% compared to the same quarter last year. Equities research analysts expect that The Andersons, Inc. will post $1.71 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 23rd. Investors of record on Monday, October 2nd will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, September 29th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.92%. The Andersons’s payout ratio is -101.59%.
The Andersons 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 segments, including Grain, Ethanol, Rail, Plant Nutrient and Retail.
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