Swiss National Bank Sells 500 Shares of The Andersons, Inc. $ANDE

Swiss National Bank reduced its position in The Andersons, Inc. (NASDAQ:ANDE) by 0.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,750 shares of the basic materials company’s stock after selling 500 shares during the period. Swiss National Bank owned approximately 0.18% of Andersons worth $2,694,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of ANDE. Mutual of America Capital Management LLC acquired a new position in Andersons during the 1st quarter valued at about $201,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Andersons by 6.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 800,220 shares of the basic materials company’s stock valued at $34,353,000 after purchasing an additional 48,596 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Andersons by 2.9% in the first quarter. Vanguard Group Inc. now owns 4,113,185 shares of the basic materials company’s stock valued at $176,579,000 after purchasing an additional 115,948 shares in the last quarter. Vestcor Inc boosted its position in shares of Andersons by 13.5% during the first quarter. Vestcor Inc now owns 14,800 shares of the basic materials company’s stock valued at $635,000 after buying an additional 1,762 shares during the last quarter. Finally, De Lisle Partners LLP grew its holdings in Andersons by 37.3% during the first quarter. De Lisle Partners LLP now owns 52,916 shares of the basic materials company’s stock worth $2,270,000 after buying an additional 14,366 shares in the last quarter. Institutional investors and hedge funds own 87.06% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Andersons from a “buy” rating to a “hold” rating in a research note on Thursday, May 15th. Lake Street Capital cut their price target on shares of Andersons from $70.00 to $55.00 and set a “buy” rating on the stock in a report on Thursday, May 8th. Finally, BMO Capital Markets started coverage on shares of Andersons in a research report on Tuesday, May 6th. They issued a “market perform” rating and a $45.00 price objective for the company. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Andersons presently has a consensus rating of “Moderate Buy” and an average price target of $51.67.

Andersons Trading Up 6.3%

Shares of ANDE stock opened at $40.95 on Friday. The company has a quick ratio of 1.30, a current ratio of 2.01 and a debt-to-equity ratio of 0.36. The firm has a market cap of $1.40 billion, a P/E ratio of 17.43 and a beta of 0.75. The company has a 50 day moving average of $37.29 and a 200-day moving average of $38.45. The Andersons, Inc. has a 12-month low of $31.03 and a 12-month high of $51.58.

Andersons (NASDAQ:ANDE) last announced its quarterly earnings data on Monday, August 4th. The basic materials company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.29). The firm had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $2.86 billion. Andersons had a net margin of 0.70% and a return on equity of 5.28%. The company’s revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.05 earnings per share. Sell-side analysts anticipate that The Andersons, Inc. will post 3.11 earnings per share for the current year.

Andersons Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be given a dividend of $0.195 per share. The ex-dividend date is Wednesday, October 1st. This represents a $0.78 annualized dividend and a dividend yield of 1.9%. Andersons’s dividend payout ratio is currently 33.19%.

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.