Yousif Capital Management LLC Has $590,000 Stock Position in The Andersons, Inc. (NASDAQ:ANDE)

Yousif Capital Management LLC raised its stake in The Andersons, Inc. (NASDAQ:ANDE) by 2.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,732 shares of the basic materials company’s stock after purchasing an additional 275 shares during the period. Yousif Capital Management LLC’s holdings in Andersons were worth $590,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Tudor Investment Corp ET AL bought a new stake in shares of Andersons during the fourth quarter worth about $591,000. Proficio Capital Partners LLC bought a new stake in shares of Andersons in the fourth quarter valued at $728,000. Bank of New York Mellon Corp raised its stake in Andersons by 14.2% in the 4th quarter. Bank of New York Mellon Corp now owns 353,271 shares of the basic materials company’s stock valued at $14,315,000 after acquiring an additional 44,022 shares during the period. Two Sigma Investments LP bought a new stake in shares of Andersons in the fourth quarter valued at approximately $690,000. Finally, Bank of America Corp DE lifted its position in shares of Andersons by 60.7% during the fourth quarter. Bank of America Corp DE now owns 74,639 shares of the basic materials company’s stock worth $3,024,000 after acquiring an additional 28,182 shares in the last quarter. 87.06% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets assumed coverage on shares of Andersons in a report on Tuesday, May 6th. They issued a “market perform” rating and a $45.00 price target on the stock. Lake Street Capital dropped their price target on Andersons from $70.00 to $55.00 and set a “buy” rating for the company in a research note on Thursday, May 8th. Finally, Wall Street Zen lowered shares of Andersons from a “buy” rating to a “hold” rating in a report on Thursday, May 15th.

Andersons Stock Performance

Andersons stock opened at $36.80 on Friday. The firm has a market cap of $1.26 billion, a P/E ratio of 11.61 and a beta of 0.76. The Andersons, Inc. has a 1-year low of $31.03 and a 1-year high of $55.52. The firm has a 50-day moving average of $36.12 and a 200-day moving average of $40.07. The company has a current ratio of 1.76, a quick ratio of 0.89 and a debt-to-equity ratio of 0.37.

Andersons (NASDAQ:ANDE) last announced its earnings results on Tuesday, May 6th. The basic materials company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.20. Andersons had a net margin of 0.97% and a return on equity of 7.35%. The firm had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.85 billion. During the same quarter in the previous year, the firm posted $0.16 EPS. The company’s revenue for the quarter was down 2.3% compared to the same quarter last year. Sell-side analysts expect that The Andersons, Inc. will post 3.11 EPS for the current year.

Andersons Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 1st will be given a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend is Tuesday, July 1st. Andersons’s dividend payout ratio is presently 24.61%.

Andersons Company Profile

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.