Louisiana State Employees Retirement System Sells 500 Shares of The Andersons, Inc. (NASDAQ:ANDE)

Louisiana State Employees Retirement System reduced its position in The Andersons, Inc. (NASDAQ:ANDE) by 3.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,500 shares of the basic materials company’s stock after selling 500 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Andersons were worth $777,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Pacer Advisors Inc. increased its stake in Andersons by 8.8% during the 2nd quarter. Pacer Advisors Inc. now owns 3,737,703 shares of the basic materials company’s stock valued at $185,390,000 after purchasing an additional 303,711 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Andersons by 16.8% in the 2nd quarter. American Century Companies Inc. now owns 933,968 shares of the basic materials company’s stock valued at $46,325,000 after purchasing an additional 134,126 shares during the period. Squarepoint Ops LLC acquired a new position in shares of Andersons in the second quarter worth about $2,311,000. Victory Capital Management Inc. boosted its position in Andersons by 8.7% during the second quarter. Victory Capital Management Inc. now owns 456,624 shares of the basic materials company’s stock worth $22,649,000 after purchasing an additional 36,594 shares in the last quarter. Finally, Deerfield Management Company L.P. Series C purchased a new position in shares of Andersons during the 2nd quarter valued at approximately $1,040,000. 87.06% of the stock is owned by institutional investors and hedge funds.

Andersons Stock Up 1.4 %

NASDAQ ANDE opened at $45.82 on Tuesday. The business’s fifty day simple moving average is $48.55 and its 200-day simple moving average is $50.32. The company has a quick ratio of 1.44, a current ratio of 2.07 and a debt-to-equity ratio of 0.36. The firm has a market cap of $1.56 billion, a PE ratio of 15.38 and a beta of 0.60. The Andersons, Inc. has a 52 week low of $44.65 and a 52 week high of $61.46.

Andersons (NASDAQ:ANDE) last released its quarterly earnings data on Tuesday, August 6th. The basic materials company reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.04). Andersons had a net margin of 0.83% and a return on equity of 6.99%. The business had revenue of $2.80 billion during the quarter, compared to analyst estimates of $3.20 billion. During the same quarter in the prior year, the company posted $1.52 earnings per share. The company’s revenue was down 30.5% on a year-over-year basis.

Andersons Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 1st were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend was Tuesday, October 1st. Andersons’s payout ratio is 25.50%.

Analysts Set New Price Targets

Separately, StockNews.com raised Andersons from a “hold” rating to a “buy” rating in a research note on Thursday, October 24th.

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.