Wells Fargo & Company MN lessened its stake in The Andersons, Inc. (NASDAQ:ANDE) by 27.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,339 shares of the basic materials company’s stock after selling 10,496 shares during the quarter. Wells Fargo & Company MN owned 0.10% of The Andersons worth $967,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Principal Financial Group Inc. boosted its position in shares of The Andersons by 4.6% in the first quarter. Principal Financial Group Inc. now owns 199,360 shares of the basic materials company’s stock worth $7,555,000 after acquiring an additional 8,761 shares during the last quarter. Wellington Management Group LLP lifted its position in The Andersons by 192.2% during the first quarter. Wellington Management Group LLP now owns 18,989 shares of the basic materials company’s stock valued at $719,000 after buying an additional 12,491 shares in the last quarter. FMR LLC lifted its position in The Andersons by 19.1% during the first quarter. FMR LLC now owns 271,600 shares of the basic materials company’s stock valued at $10,293,000 after buying an additional 43,600 shares in the last quarter. Teachers Advisors LLC lifted its position in The Andersons by 5.7% during the first quarter. Teachers Advisors LLC now owns 46,850 shares of the basic materials company’s stock valued at $1,776,000 after buying an additional 2,537 shares in the last quarter. Finally, TIAA CREF Investment Management LLC lifted its position in The Andersons by 7.5% during the first quarter. TIAA CREF Investment Management LLC now owns 83,013 shares of the basic materials company’s stock valued at $3,146,000 after buying an additional 5,798 shares in the last quarter. Hedge funds and other institutional investors own 77.73% of the company’s stock.
Shares of The Andersons, Inc. (NASDAQ:ANDE) opened at $30.10 on Tuesday. The Andersons, Inc. has a 12-month low of $29.60 and a 12-month high of $44.90. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.36 and a quick ratio of 0.56. The firm has a market capitalization of $866.28, a P/E ratio of 28.82 and a beta of 1.35.
The Andersons (NASDAQ:ANDE) last issued its earnings results on Monday, November 6th. The basic materials company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.07). The Andersons had a negative net margin of 0.45% and a positive return on equity of 3.91%. The firm had revenue of $836.60 million during the quarter, compared to analyst estimates of $899.95 million. During the same quarter in the previous year, the company posted $0.06 earnings per share. The business’s revenue for the quarter was down 2.7% compared to the same quarter last year. sell-side analysts anticipate that The Andersons, Inc. will post 1.34 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 23rd. Shareholders of record on Monday, October 2nd were paid a dividend of $0.16 per share. The ex-dividend date was Friday, September 29th. This represents a $0.64 annualized dividend and a yield of 2.13%. The Andersons’s dividend payout ratio is currently -106.66%.
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ANDE has been the subject of a number of research analyst reports. BMO Capital Markets dropped their price target on shares of The Andersons from $39.00 to $34.00 and set a “market perform” rating for the company in a research note on Wednesday, November 8th. Buckingham Research lowered shares of The Andersons from a “buy” rating to a “neutral” rating in a research note on Wednesday, November 8th. Zacks Investment Research raised shares of The Andersons from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 1st. BidaskClub cut shares of The Andersons from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 24th. Finally, Stephens downgraded The Andersons from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $42.00 to $35.00 in a report on Monday, August 7th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. The Andersons currently has a consensus rating of “Hold” and a consensus price target of $34.50.
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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