Cubist Systematic Strategies LLC Sells 78,923 Shares of The Andersons, Inc. $ANDE

Key Points

• Cubist Systematic Strategies LLC reduced its stake in The Andersons, Inc. by 37.4% during the first quarter, selling 78,923 shares to hold a total of 131,968 shares, valued at approximately $5.67 million.
• Wall Street firms have taken mixed stances on Andersons, with analysts downgrading the stock from a "buy" to a "hold," while others have set varying price targets, with a consensus price target of $51.67.
• The Andersons, Inc. announced a quarterly dividend of $0.195 per share, with a yield of 1.9%, scheduled for payment on October 22nd.

Cubist Systematic Strategies LLC trimmed its stake in shares of The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 37.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 131,968 shares of the basic materials company's stock after selling 78,923 shares during the period. Cubist Systematic Strategies LLC owned about 0.39% of Andersons worth $5,665,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Voloridge Investment Management LLC bought a new position in Andersons in the 4th quarter valued at approximately $8,651,000. Millennium Management LLC raised its position in Andersons by 3,547.8% in the fourth quarter. Millennium Management LLC now owns 204,532 shares of the basic materials company's stock worth $8,288,000 after acquiring an additional 198,925 shares during the period. D. E. Shaw & Co. Inc. bought a new stake in shares of Andersons in the fourth quarter valued at approximately $7,354,000. Nuveen LLC bought a new stake in Andersons during the 1st quarter worth approximately $5,439,000. Finally, Vanguard Group Inc. grew its stake in 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 buying an additional 115,948 shares in the last quarter. Institutional investors and hedge funds own 87.06% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of Andersons from a "buy" rating to a "hold" rating in a report on Thursday, May 15th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $51.67.

Andersons Stock Down 1.1%

Shares of ANDE stock traded down $0.46 during trading hours on Monday, reaching $40.95. The company had a trading volume of 137,446 shares, compared to its average volume of 318,144. The Andersons, Inc. has a twelve month low of $31.03 and a twelve month high of $51.58. The stock's fifty day simple moving average is $38.12 and its 200 day simple moving average is $38.35. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.30 and a current ratio of 2.01. The company has a market capitalization of $1.40 billion, a P/E ratio of 17.42 and a beta of 0.67.

Andersons (NASDAQ:ANDE - Get Free Report) last announced its earnings results on Monday, August 4th. The basic materials company reported $0.24 earnings per share 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 for the quarter, compared to the consensus estimate of $2.86 billion. During the same period in the previous year, the firm earned $1.05 EPS. The firm's revenue was up 12.2% on a year-over-year basis. As a group, sell-side analysts expect that The Andersons, Inc. will post 3.11 earnings per share for the current fiscal year.

Andersons Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be paid a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Wednesday, October 1st. Andersons's dividend payout ratio (DPR) is presently 33.19%.

Andersons Company 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.