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

Van ECK Associates Corp lowered its holdings in The Andersons, Inc. (NASDAQ:ANDE – Get 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:ANDE – Get 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

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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.