Van ECK Associates Corp Trims Stake in The Andersons, Inc. (NASDAQ:ANDE)

Van ECK Associates Corp lowered its holdings in The Andersons, Inc. (NASDAQ:ANDEGet Rating) by 19.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,040 shares of the basic materials company’s stock after selling 506 shares during the quarter. Van ECK Associates Corp’s holdings in Andersons were worth $63,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Maryland State Retirement & Pension System raised its position in Andersons by 4.5% in the second quarter. Maryland State Retirement & Pension System now owns 12,749 shares of the basic materials company’s stock valued at $421,000 after purchasing an additional 547 shares during the period. Loomis Sayles & Co. L P raised its position in Andersons by 79.1% in the second quarter. Loomis Sayles & Co. L P now owns 252,170 shares of the basic materials company’s stock valued at $8,319,000 after purchasing an additional 111,375 shares during the period. Navellier & Associates Inc. raised its position in Andersons by 7.4% in the second quarter. Navellier & Associates Inc. now owns 14,110 shares of the basic materials company’s stock valued at $465,000 after purchasing an additional 975 shares during the period. SJS Investment Consulting Inc. purchased a new stake in Andersons in the third quarter valued at $1,731,000. Finally, Private Management Group Inc. raised its position in Andersons by 5.1% in the second quarter. Private Management Group Inc. now owns 796,996 shares of the basic materials company’s stock valued at $26,293,000 after purchasing an additional 38,588 shares during the period. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Andersons in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock.

Andersons Trading Up 0.2 %

Shares of NASDAQ ANDE opened at $35.80 on Friday. The Andersons, Inc. has a twelve month low of $29.35 and a twelve month high of $59.00. The company has a current ratio of 1.41, a quick ratio of 0.74 and a debt-to-equity ratio of 0.35. The stock has a fifty day simple moving average of $35.89 and a 200-day simple moving average of $35.18. The stock has a market capitalization of $1.20 billion, a PE ratio of 8.14 and a beta of 0.80.

Andersons (NASDAQ:ANDEGet Rating) last issued its quarterly earnings data on Tuesday, November 1st. The basic materials company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.17. Andersons had a return on equity of 10.59% and a net margin of 0.92%. The business had revenue of $4.22 billion during the quarter, compared to analysts’ expectations of $3.14 billion. On average, equities analysts forecast that The Andersons, Inc. will post 3.46 earnings per share for the current year.

Andersons Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 20th. Investors of record on Tuesday, January 3rd were paid a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a yield of 2.07%. This is a boost from Andersons’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Friday, December 30th. Andersons’s payout ratio is presently 16.82%.

Andersons Profile

(Get Rating)

The Andersons, Inc, an agriculture company, operates in trade, renewables, and plant nutrient sectors in the United States and internationally. The company's Trade segment operates grain elevators; stores commodities; and provides grain marketing, risk management, and origination services to its customers and affiliated ethanol facilities.

Further Reading

Institutional Ownership by Quarter for Andersons (NASDAQ:ANDE)

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