Vest Financial LLC Purchases 29,858 Shares of The Andersons, Inc. $ANDE

Vest Financial LLC increased its position in shares of The Andersons, Inc. (NASDAQ:ANDE) by 43.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 98,442 shares of the basic materials company’s stock after purchasing an additional 29,858 shares during the period. Vest Financial LLC’s holdings in Andersons were worth $3,618,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Yousif Capital Management LLC increased its holdings in Andersons by 2.0% in the 1st quarter. Yousif Capital Management LLC now owns 13,732 shares of the basic materials company’s stock valued at $590,000 after acquiring an additional 275 shares during the last quarter. SummerHaven Investment Management LLC increased its holdings in Andersons by 2.2% in the 2nd quarter. SummerHaven Investment Management LLC now owns 16,967 shares of the basic materials company’s stock valued at $624,000 after acquiring an additional 371 shares during the last quarter. Croban increased its holdings in Andersons by 1.6% in the 2nd quarter. Croban now owns 25,026 shares of the basic materials company’s stock valued at $920,000 after acquiring an additional 402 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in Andersons by 1.3% in the 1st quarter. Nisa Investment Advisors LLC now owns 31,542 shares of the basic materials company’s stock valued at $1,354,000 after acquiring an additional 408 shares during the last quarter. Finally, Summit Place Financial Advisors LLC increased its holdings in Andersons by 2.4% in the 1st quarter. Summit Place Financial Advisors LLC now owns 22,766 shares of the basic materials company’s stock valued at $977,000 after acquiring an additional 530 shares during the last quarter. 87.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Andersons in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Andersons presently has a consensus rating of “Moderate Buy” and an average target price of $51.67.

Andersons Price Performance

ANDE stock opened at $42.02 on Tuesday. The Andersons, Inc. has a 12 month low of $31.03 and a 12 month high of $51.58. The company has a current ratio of 2.01, a quick ratio of 1.30 and a debt-to-equity ratio of 0.36. The company has a 50-day moving average price of $39.84 and a 200 day moving average price of $37.86. The stock has a market cap of $1.44 billion, a PE ratio of 17.88 and a beta of 0.70.

Andersons (NASDAQ:ANDE) last released its quarterly earnings results 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). Andersons had a return on equity of 5.28% and a net margin of 0.70%.The firm had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $2.86 billion. During the same period in the prior year, the firm posted $1.05 earnings per share. Andersons’s revenue for the quarter was up 12.2% on a year-over-year basis. Equities research analysts anticipate that The Andersons, Inc. will post 3.11 earnings per share for the current year.

Andersons Dividend Announcement

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

About Andersons

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.