Croban Buys 402 Shares of The Andersons, Inc. $ANDE

Croban raised its stake in The Andersons, Inc. (NASDAQ:ANDE) by 1.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,026 shares of the basic materials company’s stock after purchasing an additional 402 shares during the period. Croban owned 0.07% of Andersons worth $920,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SummerHaven Investment Management LLC boosted its holdings in Andersons by 2.2% in the second quarter. SummerHaven Investment Management LLC now owns 16,967 shares of the basic materials company’s stock worth $624,000 after acquiring an additional 371 shares in the last quarter. State of Alaska Department of Revenue raised its position in shares of Andersons by 7.9% during the second quarter. State of Alaska Department of Revenue now owns 19,206 shares of the basic materials company’s stock worth $705,000 after purchasing an additional 1,404 shares during the period. Wedge Capital Management L L P NC lifted its holdings in shares of Andersons by 20.7% in the 2nd quarter. Wedge Capital Management L L P NC now owns 72,516 shares of the basic materials company’s stock worth $2,665,000 after purchasing an additional 12,439 shares in the last quarter. Exchange Traded Concepts LLC grew its position in Andersons by 6.1% in the 2nd quarter. Exchange Traded Concepts LLC now owns 26,627 shares of the basic materials company’s stock valued at $979,000 after purchasing an additional 1,540 shares during the period. Finally, Voya Investment Management LLC increased its stake in Andersons by 37.5% during the 1st quarter. Voya Investment Management LLC now owns 36,371 shares of the basic materials company’s stock valued at $1,561,000 after purchasing an additional 9,911 shares in the last quarter. 87.06% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Andersons in a research note on Wednesday. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $51.67.

Andersons Trading Down 1.6%

ANDE opened at $41.01 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.01 and a quick ratio of 1.30. The Andersons, Inc. has a fifty-two week low of $31.03 and a fifty-two week high of $51.58. The firm has a market capitalization of $1.40 billion, a PE ratio of 17.45 and a beta of 0.70. The company’s 50-day moving average is $39.70 and its 200 day moving average is $37.95.

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

Andersons Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Wednesday, October 1st will be issued a $0.195 dividend. The ex-dividend date is Wednesday, October 1st. This represents a $0.78 annualized dividend and a dividend yield of 1.9%. Andersons’s dividend payout ratio is currently 33.19%.

Andersons Company 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.