112,693 Shares in The Andersons, Inc. (NASDAQ:ANDE) Purchased by Moran Wealth Management LLC

Moran Wealth Management LLC purchased a new stake in shares of The Andersons, Inc. (NASDAQ:ANDE) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 112,693 shares of the basic materials company’s stock, valued at approximately $4,838,000.

Several other institutional investors have also added to or reduced their stakes in ANDE. Tudor Investment Corp ET AL bought a new stake in shares of Andersons in the 4th quarter worth about $591,000. Proficio Capital Partners LLC bought a new stake in Andersons during the fourth quarter worth approximately $728,000. Bank of New York Mellon Corp raised its position in Andersons by 14.2% during the fourth quarter. Bank of New York Mellon Corp now owns 353,271 shares of the basic materials company’s stock valued at $14,315,000 after purchasing an additional 44,022 shares during the period. Two Sigma Investments LP bought a new stake in shares of Andersons in the 4th quarter valued at approximately $690,000. Finally, Yousif Capital Management LLC lifted its stake in shares of Andersons by 2.0% in the 1st quarter. Yousif Capital Management LLC now owns 13,732 shares of the basic materials company’s stock valued at $590,000 after purchasing an additional 275 shares during the last quarter. Hedge funds and other institutional investors own 87.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on ANDE shares. BMO Capital Markets started coverage on Andersons in a research report on Tuesday, May 6th. They set a “market perform” rating and a $45.00 target price on the stock. Lake Street Capital cut their price objective on shares of Andersons from $70.00 to $55.00 and set a “buy” rating on the stock in a research report on Thursday, May 8th. Finally, Wall Street Zen downgraded shares of Andersons from a “buy” rating to a “hold” rating in a research note on Thursday, May 15th.

Andersons Stock Down 1.2%

Shares of NASDAQ:ANDE opened at $36.36 on Thursday. The firm has a market capitalization of $1.24 billion, a PE ratio of 11.47 and a beta of 0.76. The business has a 50 day simple moving average of $36.05 and a two-hundred day simple moving average of $39.87. The Andersons, Inc. has a 1 year low of $31.03 and a 1 year high of $55.52. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.76 and a quick ratio of 0.89.

Andersons (NASDAQ:ANDE) last posted its quarterly earnings data on Tuesday, May 6th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.20. Andersons had a return on equity of 7.35% and a net margin of 0.97%. The company had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.85 billion. During the same quarter in the previous year, the business earned $0.16 EPS. Andersons’s revenue was down 2.3% compared to the same quarter last year. On average, equities analysts predict that The Andersons, Inc. will post 3.11 EPS for the current year.

Andersons Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 1st will be issued a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend is Tuesday, July 1st. Andersons’s payout ratio is presently 24.61%.

Andersons Company Profile

The Andersons, Inc operates in trade, renewables, and nutrient and industrial sectors in the United States, Canada, Mexico, Egypt, Switzerland, and internationally. It operates through three segments: Trade, Renewables, and Nutrient & Industrial. The company’s Trade segment operates grain elevators; stores commodities; and provides grain marketing, risk management, and origination services, as well as sells commodities, such as corn, soybeans, wheat, oats, ethanol, and corn oil.