Charles Schwab Investment Management Inc. Purchases 48,596 Shares of The Andersons, Inc. $ANDE

Key Points

• Charles Schwab Investment Management Inc. has increased its stake in The Andersons, Inc. by 6.5%, now owning a total of 800,220 shares valued at approximately $34.35 million.
• Andersons' recent quarter earnings report missed analysts' expectations, with a reported $0.24 EPS compared to the consensus estimate of $0.53 EPS, despite revenues exceeding estimates at $3.14 billion.
• The company declared a quarterly dividend of $0.195 per share, representing an annualized yield of 2.1%, with a dividend payout ratio of 33.19%.

Charles Schwab Investment Management Inc. lifted its holdings in The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 6.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 800,220 shares of the basic materials company's stock after acquiring an additional 48,596 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 2.34% of Andersons worth $34,353,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of Andersons by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 4,113,185 shares of the basic materials company's stock worth $176,579,000 after acquiring an additional 115,948 shares in the last quarter. Northern Trust Corp boosted its holdings 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. boosted its holdings in shares of Andersons by 21.4% in the 4th quarter. Ameriprise Financial Inc. now owns 463,548 shares of the basic materials company's stock worth $18,783,000 after acquiring an additional 81,777 shares in the last quarter. Bridgeway Capital Management LLC boosted its holdings in shares of Andersons by 2.6% in the 4th quarter. Bridgeway Capital Management LLC now owns 335,739 shares of the basic materials company's stock worth $13,604,000 after acquiring an additional 8,492 shares in the last quarter. Finally, Voloridge Investment Management LLC acquired a new position in shares of Andersons in the 4th quarter worth approximately $8,651,000. 87.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on ANDE shares. BMO Capital Markets started coverage on Andersons in a report on Tuesday, May 6th. They issued a "market perform" rating and a $45.00 target price on the stock. Wall Street Zen downgraded Andersons from a "buy" rating to a "hold" rating in a report on Thursday, May 15th. Finally, Lake Street Capital reduced their price objective on Andersons from $70.00 to $55.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $51.67.

Andersons Trading Up 6.3%

NASDAQ:ANDE traded up $2.44 during trading hours on Friday, hitting $40.95. 310,848 shares of the stock were exchanged, compared to its average volume of 345,968. The company's 50 day moving average is $37.29 and its two-hundred day moving average is $38.43. The company has a market capitalization of $1.40 billion, a P/E ratio of 17.43 and a beta of 0.75. The Andersons, Inc. has a twelve month low of $31.03 and a twelve month high of $51.58. The company has a quick ratio of 1.30, a current ratio of 2.01 and a debt-to-equity ratio of 0.36.

Andersons (NASDAQ:ANDE - Get Free Report) last issued its earnings results 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). The business had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $2.86 billion. Andersons had a net margin of 0.70% and a return on equity of 5.28%. The business's revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.05 EPS. On average, sell-side analysts anticipate that The Andersons, Inc. will post 3.11 earnings per share for the current fiscal year.

Andersons Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be given a dividend of $0.195 per share. The ex-dividend date is Wednesday, October 1st. This represents a $0.78 annualized dividend and a dividend yield of 1.9%. Andersons's payout ratio is presently 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.