Public Sector Pension investment Board Trims Holdings in The Andersons, Inc. (ANDE)
Public Sector Pension investment Board reduced its stake in The Andersons, Inc. (NASDAQ:ANDE) by 25.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,527 shares of the basic materials company’s stock after selling 4,600 shares during the period. Public Sector Pension investment Board’s holdings in The Andersons were worth $462,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fifth Third Bancorp increased its holdings in The Andersons by 4.6% in the 1st quarter. Fifth Third Bancorp now owns 3,463 shares of the basic materials company’s stock valued at $131,000 after acquiring an additional 153 shares during the last quarter. FNY Partners Fund LP bought a new stake in The Andersons in the 1st quarter valued at $189,000. Sei Investments Co. increased its holdings in The Andersons by 25.0% in the 2nd quarter. Sei Investments Co. now owns 5,027 shares of the basic materials company’s stock valued at $172,000 after acquiring an additional 1,006 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in The Andersons by 80.2% in the 2nd quarter. State of Alaska Department of Revenue now owns 5,208 shares of the basic materials company’s stock valued at $177,000 after acquiring an additional 2,318 shares during the last quarter. Finally, SG Americas Securities LLC increased its holdings in The Andersons by 119.3% in the 1st quarter. SG Americas Securities LLC now owns 5,727 shares of the basic materials company’s stock valued at $217,000 after acquiring an additional 3,115 shares during the last quarter. Institutional investors own 77.02% of the company’s stock.
Shares of The Andersons, Inc. (ANDE) opened at 34.60 on Wednesday. The stock has a 50 day moving average of $32.98 and a 200-day moving average of $34.57. The Andersons, Inc. has a 12-month low of $30.80 and a 12-month high of $44.90. The company’s market capitalization is $980.91 million.
The Andersons (NASDAQ:ANDE) last posted its quarterly earnings results on Thursday, August 3rd. The basic materials company reported $0.54 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.71 by ($0.17). The business had revenue of $993.70 million during the quarter, compared to analysts’ expectations of $1.06 billion. The Andersons had a positive return on equity of 3.77% and a negative net margin of 0.47%. The business’s quarterly revenue was down 6.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.51 earnings per share. Equities research analysts forecast that The Andersons, Inc. will post $1.52 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 23rd. Stockholders of record on Monday, October 2nd will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.85%. The ex-dividend date is Friday, September 29th. The Andersons’s dividend payout ratio is currently -101.59%.
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A number of brokerages have issued reports on ANDE. BidaskClub downgraded shares of The Andersons from a “sell” rating to a “strong sell” rating in a report on Thursday, August 24th. Stephens downgraded shares of The Andersons from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $42.00 to $35.00 in a report on Monday, August 7th. Finally, Zacks Investment Research upgraded shares of The Andersons from a “strong sell” rating to a “hold” rating in a report on Thursday, July 6th.
The Andersons Company 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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