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

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

A number of other hedge funds have also added to or reduced their stakes in the stock. American Century Companies Inc. grew its stake in Andersons by 7.8% in the fourth quarter. American Century Companies Inc. now owns 1,166,781 shares of the basic materials company's stock worth $47,278,000 after purchasing an additional 84,133 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Andersons by 15.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 751,624 shares of the basic materials company's stock worth $30,456,000 after buying an additional 99,045 shares during the period. Northern Trust Corp increased its stake in shares of Andersons by 11.0% in the 4th quarter. Northern Trust Corp now owns 615,897 shares of the basic materials company's stock worth $24,956,000 after acquiring an additional 61,250 shares in the last quarter. Ameriprise Financial Inc. lifted its position in Andersons by 21.4% during the 4th quarter. Ameriprise Financial Inc. now owns 463,548 shares of the basic materials company's stock valued at $18,783,000 after acquiring an additional 81,777 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in Andersons by 10.6% during the 4th quarter. JPMorgan Chase & Co. now owns 397,691 shares of the basic materials company's stock valued at $16,114,000 after acquiring an additional 38,020 shares during the period. 87.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Andersons Trading Up 0.7%

NASDAQ:ANDE opened at $38.45 on Friday. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of 12.13 and a beta of 0.75. 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's 50 day moving average price is $36.02 and its 200-day moving average price is $39.44. The Andersons, Inc. has a 52 week low of $31.03 and a 52 week high of $55.52.

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

Andersons Announces Dividend

The firm 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. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a $0.78 annualized dividend and a dividend yield of 2.03%. Andersons's dividend payout ratio (DPR) is presently 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.

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