Bank of New York Mellon Corp Trims Position in The Andersons, Inc. (NASDAQ:ANDE)

Bank of New York Mellon Corp decreased its position in The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 2.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 344,945 shares of the basic materials company's stock after selling 8,326 shares during the period. Bank of New York Mellon Corp owned approximately 1.01% of Andersons worth $14,809,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Yousif Capital Management LLC raised its holdings in shares of Andersons by 2.0% in the 1st quarter. Yousif Capital Management LLC now owns 13,732 shares of the basic materials company's stock worth $590,000 after acquiring an additional 275 shares during the last quarter. SummerHaven Investment Management LLC boosted its holdings in Andersons by 2.2% in the 1st quarter. SummerHaven Investment Management LLC now owns 16,596 shares of the basic materials company's stock worth $712,000 after buying an additional 353 shares during the period. Summit Place Financial Advisors LLC boosted its holdings in Andersons by 2.4% in the 1st quarter. Summit Place Financial Advisors LLC now owns 22,766 shares of the basic materials company's stock valued at $977,000 after purchasing an additional 530 shares during the period. Arete Wealth Advisors LLC boosted its holdings in Andersons by 9.4% in the 4th quarter. Arete Wealth Advisors LLC now owns 6,710 shares of the basic materials company's stock valued at $272,000 after purchasing an additional 579 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Andersons by 3.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,559 shares of the basic materials company's stock valued at $752,000 after purchasing an additional 634 shares during the period. Institutional investors and hedge funds own 87.06% of the company's stock.

Andersons Stock Performance

ANDE stock traded up $0.91 during midday trading on Wednesday, reaching $37.51. 274,536 shares of the company's stock traded hands, compared to its average volume of 278,260. The Andersons, Inc. has a 52-week low of $31.03 and a 52-week high of $55.52. The stock has a market cap of $1.28 billion, a P/E ratio of 11.83 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 stock's 50-day moving average is $36.26 and its 200 day moving average is $39.25.

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

Andersons Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 22nd. Investors of record on Tuesday, July 1st were given a dividend of $0.195 per share. The ex-dividend date was Tuesday, July 1st. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.08%. Andersons's dividend payout ratio is 24.61%.

Analyst Ratings Changes

A number of brokerages recently commented on ANDE. Wall Street Zen cut shares of Andersons from a "buy" rating to a "hold" rating in a research report on Thursday, May 15th. Lake Street Capital cut their target price on shares of 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 started coverage on shares of Andersons in a research note on Tuesday, May 6th. They set a "market perform" rating and a $45.00 target price 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.