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 lessened its stake in shares of The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 37.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 131,968 shares of the basic materials company's stock after selling 78,923 shares during the quarter. Cubist Systematic Strategies LLC owned about 0.39% of Andersons worth $5,665,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. GAMMA Investing LLC lifted its position in shares of Andersons by 426.2% during the first quarter. GAMMA Investing LLC now owns 1,805 shares of the basic materials company's stock worth $77,000 after purchasing an additional 1,462 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in shares of Andersons during the fourth quarter worth about $189,000. Mutual of America Capital Management LLC bought a new position in Andersons in the 1st quarter valued at about $201,000. 1492 Capital Management LLC bought a new position in Andersons in the 1st quarter valued at about $208,000. Finally, Sherbrooke Park Advisers LLC bought a new position in Andersons in the 4th quarter valued at about $212,000. Institutional investors and hedge funds own 87.06% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of Andersons from a "buy" rating to a "hold" rating in a research note on Thursday, May 15th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $51.67.

Andersons Trading Down 1.7%

ANDE traded down $0.68 during midday trading on Tuesday, reaching $40.22. 52,949 shares of the company were exchanged, compared to its average volume of 317,629. The Andersons, Inc. has a one year low of $31.03 and a one year high of $51.58. 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 stock has a market capitalization of $1.38 billion, a P/E ratio of 17.11 and a beta of 0.67. The stock's 50-day simple moving average is $38.21 and its 200 day simple moving average is $38.32.

Andersons (NASDAQ:ANDE - Get Free Report) last posted its quarterly 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). The company had revenue of $3.14 billion for the quarter, compared to analyst estimates of $2.86 billion. Andersons had a return on equity of 5.28% and a net margin of 0.70%.The firm's revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period last year, the firm earned $1.05 EPS. As a group, analysts forecast that The Andersons, Inc. will post 3.11 earnings per share for the current fiscal year.

Andersons Announces Dividend

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