Louisiana State Employees Retirement System grew its holdings in Andersons Inc (NASDAQ:ANDE) by 22.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,000 shares of the basic materials company’s stock after acquiring an additional 2,200 shares during the period. Louisiana State Employees Retirement System’s holdings in Andersons were worth $269,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in ANDE. Quantamental Technologies LLC purchased a new stake in shares of Andersons in the 2nd quarter valued at $28,000. Envestnet Asset Management Inc. boosted its holdings in Andersons by 11.1% during the third quarter. Envestnet Asset Management Inc. now owns 10,381 shares of the basic materials company’s stock worth $233,000 after buying an additional 1,035 shares in the last quarter. Everence Capital Management Inc. purchased a new stake in Andersons during the second quarter worth $234,000. Commonwealth Bank of Australia boosted its holdings in Andersons by 57.7% during the second quarter. Commonwealth Bank of Australia now owns 11,200 shares of the basic materials company’s stock worth $305,000 after buying an additional 4,100 shares in the last quarter. Finally, Crossmark Global Holdings Inc. boosted its holdings in Andersons by 4.8% during the second quarter. Crossmark Global Holdings Inc. now owns 12,660 shares of the basic materials company’s stock worth $345,000 after buying an additional 580 shares in the last quarter. 75.75% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms have weighed in on ANDE. BidaskClub upgraded shares of Andersons from a “strong sell” rating to a “sell” rating in a research report on Wednesday. Stephens started coverage on shares of Andersons in a research report on Monday, October 7th. They issued an “equal weight” rating and a $21.00 target price for the company. One research analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $25.50.
Shares of NASDAQ ANDE opened at $21.37 on Thursday. The firm has a 50-day simple moving average of $20.48 and a 200-day simple moving average of $25.48. The stock has a market capitalization of $629.83 million, a price-to-earnings ratio of 11.93 and a beta of 1.18. The company has a quick ratio of 0.78, a current ratio of 1.36 and a debt-to-equity ratio of 1.03. Andersons Inc has a 52 week low of $17.40 and a 52 week high of $38.23.
Andersons (NASDAQ:ANDE) last issued its earnings results on Tuesday, November 5th. The basic materials company reported ($0.07) EPS for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.12). The business had revenue of $1.98 billion during the quarter, compared to analyst estimates of $2.10 billion. Andersons had a net margin of 0.64% and a return on equity of 5.29%. Andersons’s quarterly revenue was up 189.2% on a year-over-year basis. During the same quarter last year, the company earned $0.02 earnings per share.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 1st were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date was Monday, September 30th. Andersons’s dividend payout ratio (DPR) is 41.72%.
Andersons Company Profile
The Andersons, Inc, an agriculture company, operates in the grain, ethanol, plant nutrient, and rail sectors in the United States and internationally. The company's Grain segment operates grain elevators; stores grains; and provides grain marketing, risk management, and corn origination services to its customers and affiliated ethanol facilities.
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