New York State Teachers Retirement System Has $2.05 Million Holdings in The Andersons, Inc. $ANDE

New York State Teachers Retirement System reduced its stake in The Andersons, Inc. (NASDAQ:ANDE) by 4.0% during the 2nd quarter, HoldingsChannel reports. The firm owned 55,821 shares of the basic materials company’s stock after selling 2,302 shares during the quarter. New York State Teachers Retirement System’s holdings in Andersons were worth $2,051,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. GAMMA Investing LLC grew its position in Andersons by 426.2% in the first quarter. GAMMA Investing LLC now owns 1,805 shares of the basic materials company’s stock valued at $77,000 after acquiring an additional 1,462 shares during the period. Trust Co. of Toledo NA OH bought a new stake in shares of Andersons in the 2nd quarter worth about $114,000. Mutual of America Capital Management LLC bought a new position in Andersons during the 1st quarter valued at about $201,000. 1492 Capital Management LLC bought a new position in Andersons during the 1st quarter valued at about $208,000. Finally, Inspire Advisors LLC acquired a new position in Andersons in the first quarter valued at about $230,000. Institutional investors own 87.06% of the company’s stock.

Andersons Stock Down 4.2%

Shares of ANDE opened at $45.50 on Wednesday. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of 19.36 and a beta of 0.70. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.30 and a current ratio of 2.01. The business’s fifty day moving average price is $40.87 and its two-hundred day moving average price is $38.06. The Andersons, Inc. has a 52 week low of $31.03 and a 52 week high of $51.58.

Andersons (NASDAQ:ANDE) last announced its quarterly earnings data on Monday, August 4th. The basic materials company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.29). The firm had revenue of $3.14 billion during the quarter, compared to analyst estimates of $2.86 billion. Andersons had a return on equity of 5.28% and a net margin of 0.70%.Andersons’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.05 earnings per share. On average, analysts predict that The Andersons, Inc. will post 3.11 earnings per share for the current year.

Andersons Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Wednesday, October 1st will be given a dividend of $0.195 per share. The ex-dividend date is Wednesday, October 1st. This represents a $0.78 annualized dividend and a dividend yield of 1.7%. Andersons’s payout ratio is currently 33.19%.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Andersons in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $51.67.

Andersons Profile

The Andersons, Inc operates in trade, renewables, and nutrient and industrial sectors in the United States, Canada, Mexico, Egypt, Switzerland, and internationally. It operates through three segments: Trade, Renewables, and Nutrient & Industrial. The company’s Trade segment operates grain elevators; stores commodities; and provides grain marketing, risk management, and origination services, as well as sells commodities, such as corn, soybeans, wheat, oats, ethanol, and corn oil.