Hillcrest Asset Management LLC cut its position in The Andersons, Inc. (NASDAQ:ANDE) by 2.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 159,338 shares of the basic materials company’s stock after selling 4,225 shares during the period. Hillcrest Asset Management LLC owned approximately 0.56% of The Andersons worth $5,457,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. increased its holdings in shares of The Andersons by 0.7% in the second quarter. BlackRock Inc. now owns 3,307,404 shares of the basic materials company’s stock valued at $112,946,000 after purchasing an additional 23,577 shares during the period. Vanguard Group Inc. increased its holdings in shares of The Andersons by 2.1% in the second quarter. Vanguard Group Inc. now owns 2,702,489 shares of the basic materials company’s stock valued at $92,290,000 after purchasing an additional 56,248 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of The Andersons by 4.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,385,317 shares of the basic materials company’s stock valued at $81,458,000 after purchasing an additional 104,417 shares during the period. Victory Capital Management Inc. increased its holdings in shares of The Andersons by 17.0% in the third quarter. Victory Capital Management Inc. now owns 2,346,129 shares of the basic materials company’s stock valued at $80,355,000 after purchasing an additional 340,400 shares during the period. Finally, Northern Trust Corp increased its holdings in shares of The Andersons by 32.2% in the second quarter. Northern Trust Corp now owns 1,167,843 shares of the basic materials company’s stock valued at $39,881,000 after purchasing an additional 284,215 shares during the period. 77.73% of the stock is currently owned by institutional investors and hedge funds.
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A number of research analysts have recently weighed in on the company. BidaskClub lowered The Andersons from a “sell” rating to a “strong sell” rating in a report on Thursday, August 24th. BMO Capital Markets cut their price objective on The Andersons from $39.00 to $34.00 and set a “market perform” rating on the stock in a report on Wednesday, November 8th. Buckingham Research lowered The Andersons from a “buy” rating to a “neutral” rating in a report on Wednesday, November 8th. Zacks Investment Research raised The Andersons from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 1st. Finally, Stephens lowered The Andersons from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $42.00 to $35.00 in a report on Monday, August 7th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The Andersons presently has an average rating of “Hold” and a consensus price target of $34.50.
The Andersons, Inc. (NASDAQ ANDE) traded down $0.45 during trading on Tuesday, reaching $30.10. The company had a trading volume of 163,000 shares, compared to its average volume of 125,526. The firm has a market capitalization of $866.28, a price-to-earnings ratio of 28.82 and a beta of 1.35. 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 quick ratio of 0.56 and a current ratio of 1.36.
The Andersons (NASDAQ:ANDE) last posted its earnings results on Monday, November 6th. The basic materials company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.07). The company had revenue of $836.60 million for the quarter, compared to analyst estimates of $899.95 million. The Andersons had a positive return on equity of 3.91% and a negative net margin of 0.45%. The firm’s revenue was down 2.7% on a year-over-year basis. During the same period last year, the business earned $0.06 earnings per share. sell-side analysts anticipate that The Andersons, Inc. will post 1.34 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, October 23rd. Investors of record on Monday, October 2nd were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 2.13%. The ex-dividend date was Friday, September 29th. The Andersons’s dividend payout ratio (DPR) is -106.66%.
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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