9,965 Shares in The Andersons, Inc. (NASDAQ:ANDE) Acquired by Moloney Securities Asset Management LLC

Moloney Securities Asset Management LLC purchased a new position in shares of The Andersons, Inc. (NASDAQ:ANDE - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 9,965 shares of the basic materials company's stock, valued at approximately $428,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of ANDE. Summit Place Financial Advisors LLC raised its position in shares of Andersons by 2.4% during the first quarter. Summit Place Financial Advisors LLC now owns 22,766 shares of the basic materials company's stock worth $977,000 after purchasing an additional 530 shares during the period. Principal Financial Group Inc. grew its stake in shares of Andersons by 2.7% during the 1st quarter. Principal Financial Group Inc. now owns 160,077 shares of the basic materials company's stock worth $6,872,000 after acquiring an additional 4,135 shares during the period. Teacher Retirement System of Texas grew its stake in shares of Andersons by 16.5% during the 1st quarter. Teacher Retirement System of Texas now owns 135,140 shares of the basic materials company's stock worth $5,802,000 after acquiring an additional 19,167 shares during the period. Redmont Wealth Advisors LLC grew its stake in shares of Andersons by 9.5% during the 1st quarter. Redmont Wealth Advisors LLC now owns 9,055 shares of the basic materials company's stock worth $389,000 after acquiring an additional 785 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its stake in Andersons by 148.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 16,992 shares of the basic materials company's stock worth $737,000 after purchasing an additional 10,147 shares during the period. 87.06% of the stock is currently owned by institutional investors.

Andersons Stock Down 0.2%

Andersons stock traded down $0.07 during mid-day trading on Friday, hitting $38.38. The company had a trading volume of 166,594 shares, compared to its average volume of 276,110. The company has a market capitalization of $1.31 billion, a PE ratio of 12.11 and a beta of 0.75. The company has a current ratio of 1.76, a quick ratio of 0.89 and a debt-to-equity ratio of 0.37. The Andersons, Inc. has a 12 month low of $31.03 and a 12 month high of $55.52. The stock's 50 day moving average price is $36.02 and its two-hundred day moving average price is $39.44.

Andersons (NASDAQ:ANDE - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 period in the prior year, the company posted $0.16 earnings per share. As a group, sell-side analysts anticipate that The Andersons, Inc. will post 3.11 earnings per share for the current fiscal year.

Andersons Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 22nd. Investors of record on Tuesday, July 1st will be given a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend is Tuesday, July 1st. Andersons's dividend payout ratio (DPR) is presently 24.61%.

Analyst Ratings Changes

ANDE has been the topic of several recent analyst reports. Wall Street Zen cut Andersons from a "buy" rating to a "hold" rating in a report on Thursday, May 15th. Lake Street Capital decreased their price target on Andersons from $70.00 to $55.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Finally, BMO Capital Markets initiated coverage on Andersons in a research report on Tuesday, May 6th. They issued a "market perform" rating and a $45.00 price objective on the stock.

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.