SG Americas Securities LLC grew its holdings in Andersons Inc (NASDAQ:ANDE) by 95.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,394 shares of the basic materials company’s stock after purchasing an additional 4,586 shares during the quarter. SG Americas Securities LLC’s holdings in Andersons were worth $321,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. boosted its stake in shares of Andersons by 1.0% in the first quarter. BlackRock Inc. now owns 3,453,455 shares of the basic materials company’s stock valued at $114,310,000 after purchasing an additional 34,048 shares during the period. Victory Capital Management Inc. raised its holdings in Andersons by 5.1% in the second quarter. Victory Capital Management Inc. now owns 2,817,684 shares of the basic materials company’s stock valued at $96,365,000 after acquiring an additional 136,069 shares in the last quarter. Deprince Race & Zollo Inc. raised its holdings in Andersons by 2.1% in the second quarter. Deprince Race & Zollo Inc. now owns 866,977 shares of the basic materials company’s stock valued at $29,651,000 after acquiring an additional 17,986 shares in the last quarter. Rutabaga Capital Management LLC MA raised its holdings in Andersons by 1.2% in the second quarter. Rutabaga Capital Management LLC MA now owns 540,423 shares of the basic materials company’s stock valued at $18,482,000 after acquiring an additional 6,162 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its holdings in Andersons by 4.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 364,312 shares of the basic materials company’s stock valued at $12,059,000 after acquiring an additional 14,965 shares in the last quarter. 80.42% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ:ANDE opened at $38.60 on Friday. The company has a market capitalization of $1.09 billion, a P/E ratio of 27.38 and a beta of 1.35. Andersons Inc has a fifty-two week low of $29.60 and a fifty-two week high of $41.70. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.58 and a current ratio of 1.34.

Andersons (NASDAQ:ANDE) last issued its earnings results on Tuesday, August 7th. The basic materials company reported $0.76 earnings per share for the quarter. The firm had revenue of $911.40 million for the quarter. Andersons had a net margin of 2.68% and a return on equity of 4.92%. analysts predict that Andersons Inc will post 1.88 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 22nd. Shareholders of record on Monday, October 1st will be issued a dividend of $0.165 per share. The ex-dividend date is Friday, September 28th. This represents a $0.66 dividend on an annualized basis and a yield of 1.71%. Andersons’s payout ratio is currently 57.39%.

In other Andersons news, insider Corbett J. Jorgenson sold 1,300 shares of the firm’s stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $37.90, for a total transaction of $49,270.00. Following the sale, the insider now owns 18,399 shares of the company’s stock, valued at $697,322.10. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 5.50% of the stock is currently owned by company insiders.

Several brokerages recently weighed in on ANDE. BidaskClub cut shares of Andersons from a “buy” rating to a “hold” rating in a report on Thursday, July 19th. Zacks Investment Research cut shares of Andersons from a “hold” rating to a “sell” rating in a report on Wednesday, August 1st. TheStreet raised shares of Andersons from a “c” rating to a “b” rating in a report on Friday, August 10th. Buckingham Research raised their target price on shares of Andersons from $35.00 to $40.00 and gave the company a “neutral” rating in a report on Thursday, August 9th. Finally, BMO Capital Markets raised their target price on shares of Andersons from $36.00 to $40.00 and gave the company a “market perform” rating in a report on Thursday, August 9th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $41.33.

About Andersons

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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Institutional Ownership by Quarter for Andersons (NASDAQ:ANDE)

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