Rhumbline Advisers Lowers Stake in The Andersons, Inc. $ANDE

Rhumbline Advisers reduced its holdings in shares of The Andersons, Inc. (NASDAQ:ANDE) by 4.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 96,685 shares of the basic materials company’s stock after selling 4,267 shares during the period. Rhumbline Advisers owned approximately 0.28% of Andersons worth $4,151,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. grew its position in Andersons by 2.9% during the 1st quarter. Vanguard Group Inc. now owns 4,113,185 shares of the basic materials company’s stock worth $176,579,000 after purchasing an additional 115,948 shares during the last quarter. Charles Schwab Investment Management Inc. boosted 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 acquiring an additional 48,596 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Andersons by 12.5% in the first quarter. Invesco Ltd. now owns 615,797 shares of the basic materials company’s stock valued at $26,436,000 after acquiring an additional 68,498 shares in the last quarter. Bridgeway Capital Management LLC boosted its holdings in shares of Andersons by 1.1% in the first quarter. Bridgeway Capital Management LLC now owns 339,311 shares of the basic materials company’s stock valued at $14,567,000 after acquiring an additional 3,572 shares in the last quarter. Finally, Empowered Funds LLC boosted its holdings in shares of Andersons by 0.7% in the first quarter. Empowered Funds LLC now owns 233,771 shares of the basic materials company’s stock valued at $9,990,000 after acquiring an additional 1,558 shares in the last quarter. 87.06% of the stock is owned by hedge funds and other institutional investors.

Andersons Stock Down 1.6%

Shares of NASDAQ:ANDE opened at $40.23 on Monday. The company has a market cap of $1.38 billion, a price-to-earnings ratio of 17.12 and a beta of 0.67. The firm’s 50-day simple moving average is $38.37 and its 200-day simple moving average is $38.23. 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 Andersons, Inc. has a fifty-two week low of $31.03 and a fifty-two week high of $51.58.

Andersons (NASDAQ:ANDE) last issued its earnings results on Monday, August 4th. The basic materials company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.29). The firm had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $2.86 billion. Andersons had a net margin of 0.70% and a return on equity of 5.28%. The firm’s revenue was up 12.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.05 EPS. As a group, equities research analysts predict that The Andersons, Inc. will post 3.11 earnings per share for the current year.

Andersons Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Wednesday, October 1st will be issued a $0.195 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $0.78 annualized dividend and a dividend yield of 1.9%. Andersons’s payout ratio is presently 33.19%.

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.