The Andersons, Inc. (NASDAQ:ANDE) Position Decreased by Capstone Asset Management Co.
Capstone Asset Management Co. reduced its position in shares of The Andersons, Inc. (NASDAQ:ANDE) by 3.0% during the second quarter, Holdings Channel reports. The firm owned 9,925 shares of the basic materials company’s stock after selling 310 shares during the period. Capstone Asset Management Co.’s holdings in The Andersons were worth $339,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of ANDE. State of Alaska Department of Revenue raised its stake in shares of The Andersons by 1.8% in the first quarter. State of Alaska Department of Revenue now owns 2,890 shares of the basic materials company’s stock worth $109,000 after buying an additional 50 shares during the period. Fifth Third Bancorp raised its stake in shares of The Andersons by 4.6% in the first quarter. Fifth Third Bancorp now owns 3,463 shares of the basic materials company’s stock worth $131,000 after buying an additional 153 shares during the period. Botty Investors LLC bought a new stake in shares of The Andersons during the first quarter worth about $142,000. FNY Partners Fund LP bought a new stake in shares of The Andersons during the first quarter worth about $189,000. Finally, SG Americas Securities LLC raised its stake in shares of The Andersons by 119.3% in the first quarter. SG Americas Securities LLC now owns 5,727 shares of the basic materials company’s stock worth $217,000 after buying an additional 3,115 shares during the period. Institutional investors and hedge funds own 74.97% of the company’s stock.
The Andersons, Inc. (NASDAQ ANDE) traded down 2.27% during midday trading on Friday, reaching $32.25. 22,432 shares of the company traded hands. The firm’s market capitalization is $914.29 million. The firm’s 50 day moving average price is $33.80 and its 200 day moving average price is $36.27. The Andersons, Inc. has a 12 month low of $31.65 and a 12 month high of $44.90.
The Andersons (NASDAQ:ANDE) last issued its earnings results on Thursday, August 3rd. The basic materials company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.71 by $0.17. The Andersons had a negative net margin of 0.47% and a positive return on equity of 3.77%. The business had revenue of $993.70 million for the quarter, compared to analyst estimates of $1.06 billion. During the same quarter last year, the firm posted $0.51 earnings per share. The Andersons’s revenue was down 6.6% on a year-over-year basis. On average, analysts expect that The Andersons, Inc. will post $1.71 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, July 24th. Stockholders of record on Monday, July 3rd were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Thursday, June 29th. This represents a $0.64 annualized dividend and a dividend yield of 1.94%. The Andersons’s dividend payout ratio (DPR) is currently -101.59%.
Several equities research analysts recently weighed in on the stock. BidaskClub lowered shares of The Andersons from a “sell” rating to a “strong sell” rating in a research note on Tuesday, June 20th. BMO Capital Markets dropped their price objective on shares of The Andersons from $41.00 to $39.00 and set a “market perform” rating on the stock in a research note on Friday, May 5th. Zacks Investment Research upgraded shares of The Andersons from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 6th. Finally, Stephens lowered shares of The Andersons from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $42.00 to $35.00 in a research note on Monday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $40.00.
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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