New York State Teachers Retirement System Sells 2,302 Shares of The Andersons, Inc. $ANDE

New York State Teachers Retirement System reduced its stake in shares of The Andersons, Inc. (NASDAQ:ANDE) by 4.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,821 shares of the basic materials company’s stock after selling 2,302 shares during the period. New York State Teachers Retirement System owned 0.16% of Andersons worth $2,051,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in ANDE. Allspring Global Investments Holdings LLC raised its stake in shares of Andersons by 148.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 16,992 shares of the basic materials company’s stock valued at $737,000 after acquiring an additional 10,147 shares in the last quarter. Vest Financial LLC raised its position in shares of Andersons by 43.5% in the second quarter. Vest Financial LLC now owns 98,442 shares of the basic materials company’s stock valued at $3,618,000 after purchasing an additional 29,858 shares during the period. GAMMA Investing LLC lifted its stake in shares of Andersons by 426.2% in the first quarter. GAMMA Investing LLC now owns 1,805 shares of the basic materials company’s stock worth $77,000 after buying an additional 1,462 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Andersons by 11.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 13,744 shares of the basic materials company’s stock worth $590,000 after buying an additional 1,375 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in shares of Andersons by 2.7% in the first quarter. Principal Financial Group Inc. now owns 160,077 shares of the basic materials company’s stock worth $6,872,000 after buying an additional 4,135 shares during the last quarter. Institutional investors own 87.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Andersons in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $51.67.

Andersons Stock Performance

NASDAQ ANDE opened at $45.50 on Wednesday. The company’s fifty day moving average is $40.87 and its two-hundred day moving average is $38.06. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of 19.36 and a beta of 0.70. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.01 and a quick ratio of 1.30. The Andersons, Inc. has a 52-week low of $31.03 and a 52-week high of $51.58.

Andersons (NASDAQ:ANDE) last released its earnings results on Monday, August 4th. The basic materials company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.29). Andersons had a net margin of 0.70% and a return on equity of 5.28%. The company had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $2.86 billion. During the same quarter in the previous year, the business posted $1.05 EPS. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. Equities research analysts forecast that The Andersons, Inc. will post 3.11 EPS for the current year.

Andersons Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Wednesday, October 1st will be issued a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Wednesday, October 1st. Andersons’s dividend payout ratio (DPR) is presently 33.19%.

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.