De Lisle Partners LLP Grows Stake in The Andersons, Inc. (NASDAQ:ANDE)

Key Points

• De Lisle Partners LLP increased its stake in The Andersons, Inc. by 37.3%, owning approximately 0.15% of the company, valued at $2.27 million as of the latest reporting period.
• Several institutional investors, including Northern Trust Corp and Ameriprise Financial Inc., have increased their holdings in The Andersons during the fourth quarter, contributing to institutional ownership of 87.06%.
• The Andersons reported a quarterly EPS of $0.12, surpassing analysts' expectations, but saw a 2.3% decline in revenue year-over-year.

De Lisle Partners LLP raised its stake in The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 37.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 52,916 shares of the basic materials company's stock after purchasing an additional 14,366 shares during the period. De Lisle Partners LLP owned 0.15% of Andersons worth $2,270,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in ANDE. Raymond James Financial Inc. acquired a new position in shares of Andersons during the fourth quarter valued at about $528,000. KLP Kapitalforvaltning AS acquired a new position in shares of Andersons during the fourth quarter valued at about $689,000. Prudential Financial Inc. grew its holdings in shares of Andersons by 55.0% during the fourth quarter. Prudential Financial Inc. now owns 132,752 shares of the basic materials company's stock valued at $5,379,000 after buying an additional 47,105 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of Andersons by 86.6% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 57,938 shares of the basic materials company's stock valued at $2,348,000 after buying an additional 26,896 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Andersons by 10.6% during the fourth quarter. JPMorgan Chase & Co. now owns 397,691 shares of the basic materials company's stock valued at $16,114,000 after buying an additional 38,020 shares during the last quarter. 87.06% of the stock is currently owned by institutional investors and hedge funds.

Andersons Stock Down 3.4%

Andersons stock traded down $1.23 during midday trading on Friday, hitting $34.69. 373,793 shares of the stock were exchanged, compared to its average volume of 320,902. The Andersons, Inc. has a 52-week low of $31.03 and a 52-week high of $52.37. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of 10.94 and a beta of 0.75. The business's 50-day moving average price is $36.43 and its 200-day moving average price is $38.99. The company has a quick ratio of 0.89, a current ratio of 1.76 and a debt-to-equity ratio of 0.37.

Andersons (NASDAQ:ANDE - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The basic materials company reported $0.12 earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.20. Andersons had a net margin of 0.97% and a return on equity of 7.35%. The business had revenue of $2.66 billion for the quarter, compared to analysts' expectations of $2.85 billion. During the same period in the previous year, the company earned $0.16 earnings per share. The firm's revenue for the quarter was down 2.3% compared to the same quarter last year. On average, research analysts expect that The Andersons, Inc. will post 3.11 EPS for the current fiscal year.

Andersons Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 1st were paid a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Tuesday, July 1st. Andersons's payout ratio is presently 24.61%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on ANDE shares. Lake Street Capital reduced their price objective on shares of Andersons from $70.00 to $55.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Wall Street Zen cut shares of Andersons from a "buy" rating to a "hold" rating in a report on Thursday, May 15th. Finally, BMO Capital Markets initiated coverage on shares of Andersons in a report on Tuesday, May 6th. They set a "market perform" rating and a $45.00 price target on the stock.

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.