Ethic Inc. Reduces Stake in The Andersons, Inc. $ANDE

Ethic Inc. lowered its stake in The Andersons, Inc. (NASDAQ:ANDE) by 31.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,078 shares of the basic materials company’s stock after selling 3,187 shares during the period. Ethic Inc.’s holdings in Andersons were worth $256,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ANDE. GAMMA Investing LLC grew its position in Andersons by 426.2% in the first quarter. GAMMA Investing LLC now owns 1,805 shares of the basic materials company’s stock worth $77,000 after acquiring an additional 1,462 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in shares of Andersons by 11.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 13,744 shares of the basic materials company’s stock valued at $590,000 after buying an additional 1,375 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of Andersons by 148.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 16,992 shares of the basic materials company’s stock valued at $737,000 after buying an additional 10,147 shares during the period. Teacher Retirement System of Texas boosted its position in shares of Andersons by 16.5% during the first quarter. Teacher Retirement System of Texas now owns 135,140 shares of the basic materials company’s stock valued at $5,802,000 after buying an additional 19,167 shares during the period. Finally, Principal Financial Group Inc. boosted its position in shares of Andersons by 2.7% during the first quarter. Principal Financial Group Inc. now owns 160,077 shares of the basic materials company’s stock valued at $6,872,000 after buying an additional 4,135 shares during the period. Hedge funds and other institutional investors own 87.06% of the company’s stock.

Andersons Stock Performance

Andersons stock opened at $46.89 on Friday. The company has a 50 day moving average price of $42.02 and a 200-day moving average price of $38.51. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.30 and a current ratio of 2.01. The Andersons, Inc. has a fifty-two week low of $31.03 and a fifty-two week high of $51.58. The company has a market capitalization of $1.60 billion, a PE ratio of 19.95 and a beta of 0.70.

Andersons (NASDAQ:ANDE) last posted its quarterly 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). Andersons had a net margin of 0.70% and a return on equity of 5.28%. The company had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $2.86 billion. During the same period in the prior year, the firm posted $1.05 EPS. The business’s revenue was up 12.2% on a year-over-year basis. As a group, equities analysts forecast that The Andersons, Inc. will post 3.11 earnings per share for the current year.

Andersons Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 22nd. Stockholders of record on Wednesday, October 1st were paid a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Wednesday, October 1st. Andersons’s payout ratio is currently 33.19%.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Andersons in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $51.67.

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.