Acadian Asset Management LLC Boosts Position in The Andersons, Inc. $ANDE

Key Points

• Acadian Asset Management LLC increased its stake in The Andersons, Inc. by 61.8%, purchasing an additional 25,885 shares, bringing its total to 67,745 shares valued at approximately $2.9 million.
• The Andersons reported earnings of $0.24 EPS for the last quarter, which was below expectations, despite total revenue of $3.14 billion exceeding analyst estimates of $2.86 billion.
• The company declared a quarterly dividend of $0.195 per share, with a yield of 2.0%, payable on October 22nd to shareholders of record on October 1st.

Acadian Asset Management LLC grew its holdings in The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 61.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 67,745 shares of the basic materials company's stock after purchasing an additional 25,885 shares during the period. Acadian Asset Management LLC owned approximately 0.20% of Andersons worth $2,903,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Intech Investment Management LLC boosted its position in shares of Andersons by 2.4% during the 1st quarter. Intech Investment Management LLC now owns 138,904 shares of the basic materials company's stock worth $5,963,000 after purchasing an additional 3,226 shares during the period. Empowered Funds LLC lifted its stake in Andersons by 0.7% during the first quarter. Empowered Funds LLC now owns 233,771 shares of the basic materials company's stock worth $9,990,000 after purchasing an additional 1,558 shares in the last quarter. UniSuper Management Pty Ltd purchased a new stake in shares of Andersons in the 1st quarter valued at $999,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Andersons by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,425 shares of the basic materials company's stock valued at $834,000 after buying an additional 866 shares during the period. Finally, Bridgeway Capital Management LLC raised its holdings in shares of Andersons by 1.1% in the 1st quarter. Bridgeway Capital Management LLC now owns 339,311 shares of the basic materials company's stock valued at $14,567,000 after buying an additional 3,572 shares during the period. Institutional investors and hedge funds own 87.06% of the company's stock.

Andersons Trading Down 3.6%

NASDAQ ANDE traded down $1.45 during trading on Friday, hitting $38.63. The stock had a trading volume of 3,807,478 shares, compared to its average volume of 298,073. The company has a market capitalization of $1.32 billion, a PE ratio of 16.44 and a beta of 0.67. 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 50 day moving average price of $38.49 and a 200 day moving average price of $38.19. The Andersons, Inc. has a twelve month low of $31.03 and a twelve month high of $51.58.

Andersons (NASDAQ:ANDE - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The basic materials company reported $0.24 EPS 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 business had revenue of $3.14 billion during the quarter, compared to analysts' expectations of $2.86 billion. During the same period in the previous year, the business posted $1.05 EPS. The company's revenue for the quarter was up 12.2% compared to the same quarter last year. As a group, equities research analysts forecast that The Andersons, Inc. will post 3.11 earnings per share for the current year.

Andersons Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Wednesday, October 1st will be given a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Wednesday, October 1st. Andersons's dividend payout ratio (DPR) is 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.