Universal Beteiligungs und Servicegesellschaft mbH Makes New $352,000 Investment in The Andersons, Inc. (NASDAQ:ANDE)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in The Andersons, Inc. (NASDAQ:ANDE) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 8,188 shares of the basic materials company’s stock, valued at approximately $352,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Northern Trust Corp grew its holdings in Andersons by 11.0% during the fourth quarter. Northern Trust Corp now owns 615,897 shares of the basic materials company’s stock valued at $24,956,000 after purchasing an additional 61,250 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of Andersons by 21.4% in the fourth quarter. Ameriprise Financial Inc. now owns 463,548 shares of the basic materials company’s stock worth $18,783,000 after acquiring an additional 81,777 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Andersons by 10.6% in the fourth quarter. JPMorgan Chase & Co. now owns 397,691 shares of the basic materials company’s stock worth $16,114,000 after acquiring an additional 38,020 shares during the period. Bridgeway Capital Management LLC boosted its holdings in shares of Andersons by 2.6% in the fourth quarter. Bridgeway Capital Management LLC now owns 335,739 shares of the basic materials company’s stock worth $13,604,000 after acquiring an additional 8,492 shares during the period. Finally, Voloridge Investment Management LLC bought a new position in shares of Andersons in the fourth quarter worth $8,651,000. 87.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Andersons Trading Down 3.4%

NASDAQ ANDE opened at $34.69 on Monday. The stock’s 50-day simple moving average is $36.44 and its two-hundred day simple moving average is $38.85. The Andersons, Inc. has a twelve month low of $31.03 and a twelve month high of $52.37. The company has a quick ratio of 0.89, a current ratio of 1.76 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of 10.94 and a beta of 0.75.

Andersons (NASDAQ:ANDE) last released its quarterly earnings data on Tuesday, May 6th. The basic materials company reported $0.12 EPS for the quarter, topping the consensus estimate of ($0.08) by $0.20. The firm had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.85 billion. Andersons had a return on equity of 7.35% and a net margin of 0.97%. The company’s quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.16 earnings per share. Research analysts forecast that The Andersons, Inc. will post 3.11 EPS for the current fiscal year.

Andersons Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 22nd. Investors of record on Tuesday, July 1st were issued a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Tuesday, July 1st. Andersons’s payout ratio is currently 24.61%.

Andersons 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.