Allspring Global Investments Holdings LLC lowered its holdings in The Andersons, Inc. (NASDAQ:ANDE – Free Report) by 12.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,485 shares of the basic materials company’s stock after selling 899 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Andersons were worth $299,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. US Bancorp DE lifted its holdings in Andersons by 1,222.0% in the first quarter. US Bancorp DE now owns 661 shares of the basic materials company’s stock valued at $27,000 after acquiring an additional 611 shares during the period. Federated Hermes Inc. raised its stake in shares of Andersons by 762.0% during the 1st quarter. Federated Hermes Inc. now owns 681 shares of the basic materials company’s stock worth $34,000 after buying an additional 602 shares during the last quarter. Lazard Asset Management LLC acquired a new position in shares of Andersons during the 4th quarter worth $40,000. Money Concepts Capital Corp raised its stake in shares of Andersons by 817.4% during the 4th quarter. Money Concepts Capital Corp now owns 1,266 shares of the basic materials company’s stock worth $44,000 after buying an additional 1,128 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new position in shares of Andersons during the 1st quarter worth $66,000. Institutional investors and hedge funds own 85.16% of the company’s stock.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on ANDE. StockNews.com downgraded Andersons from a “buy” rating to a “hold” rating in a research note on Friday. Stephens lifted their price target on Andersons from $55.00 to $60.00 and gave the stock an “overweight” rating in a research note on Thursday, August 3rd. Lake Street Capital lifted their price objective on Andersons from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, August 3rd. Finally, Roth Mkm lifted their price objective on Andersons from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, August 3rd.
Andersons Trading Up 3.3 %
Andersons stock opened at $49.23 on Friday. The stock has a market cap of $1.66 billion, a PE ratio of 28.79 and a beta of 0.75. The stock has a 50-day moving average price of $50.62 and a 200 day moving average price of $47.40. The Andersons, Inc. has a 52 week low of $33.20 and a 52 week high of $53.48. The company has a current ratio of 1.80, a quick ratio of 1.11 and a debt-to-equity ratio of 0.39.
Andersons (NASDAQ:ANDE – Get Free Report) last posted its quarterly earnings results on Wednesday, November 8th. The basic materials company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.39). The business had revenue of $3.64 billion during the quarter, compared to analysts’ expectations of $3.90 billion. Andersons had a net margin of 0.36% and a return on equity of 6.85%. The firm’s quarterly revenue was down 13.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.50 EPS. Equities research analysts predict that The Andersons, Inc. will post 3.28 earnings per share for the current fiscal year.
Andersons Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, October 20th. Shareholders of record on Monday, October 2nd were issued a $0.185 dividend. This represents a $0.74 annualized dividend and a yield of 1.50%. The ex-dividend date was Friday, September 29th. Andersons’s dividend payout ratio (DPR) is 43.27%.
Insider Buying and Selling at Andersons
In other Andersons news, COO William E. Krueger sold 26,452 shares of Andersons stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $50.50, for a total value of $1,335,826.00. Following the completion of the sale, the chief operating officer now owns 2,489 shares in the company, valued at approximately $125,694.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, COO William E. Krueger sold 26,452 shares of the business’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $50.50, for a total transaction of $1,335,826.00. Following the completion of the sale, the chief operating officer now owns 2,489 shares in the company, valued at approximately $125,694.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Brian K. Walz sold 3,414 shares of the business’s stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $51.26, for a total value of $175,001.64. Following the sale, the vice president now owns 15,010 shares of the company’s stock, valued at approximately $769,412.60. The disclosure for this sale can be found here. Insiders sold 39,944 shares of company stock worth $2,036,065 in the last 90 days. 5.70% of the stock is owned by company insiders.
Andersons Company Profile
The Andersons, Inc operates in trade, renewables, and plant nutrient sectors in the United States and internationally. It operates through three segments: Trade, Renewables, and Plant Nutrient. 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, and corn oil.
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