23,685 Shares in The Andersons, Inc. $ANDE Purchased by Hsbc Holdings PLC

Key Points

• Hsbc Holdings PLC acquired 23,685 shares of The Andersons, Inc. during the 1st quarter, totaling approximately $1,021,000, which represents 0.07% of the company's stock.
• The Andersons, Inc. reported a quarterly loss of $0.24 EPS, missing analysts' expectations of $0.53, although its revenue increased by 12.2% year-over-year.
• The company announced a quarterly dividend of $0.195 per share, yielding 1.9%, to be paid on October 22nd to stockholders of record on October 1st.

Hsbc Holdings PLC bought a new stake in The Andersons, Inc. (NASDAQ:ANDE - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 23,685 shares of the basic materials company's stock, valued at approximately $1,021,000. Hsbc Holdings PLC owned approximately 0.07% of Andersons as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of the company. Yousif Capital Management LLC grew 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 valued at $590,000 after buying an additional 275 shares during the period. SummerHaven Investment Management LLC lifted its holdings in Andersons by 2.2% during the first quarter. SummerHaven Investment Management LLC now owns 16,596 shares of the basic materials company's stock worth $712,000 after acquiring an additional 353 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in Andersons by 1.3% in the first quarter. Nisa Investment Advisors LLC now owns 31,542 shares of the basic materials company's stock valued at $1,354,000 after acquiring an additional 408 shares during the period. Summit Place Financial Advisors LLC grew its stake in Andersons by 2.4% in the first quarter. Summit Place Financial Advisors LLC now owns 22,766 shares of the basic materials company's stock valued at $977,000 after acquiring an additional 530 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Andersons by 3.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,559 shares of the basic materials company's stock worth $752,000 after acquiring an additional 634 shares in the last quarter. 87.06% of the stock is currently owned by institutional investors and hedge funds.

Andersons Stock Up 2.2%

Shares of NASDAQ:ANDE traded up $0.88 during mid-day trading on Thursday, reaching $41.49. 270,795 shares of the stock were exchanged, compared to its average volume of 253,525. The stock's 50 day simple moving average is $38.02 and its 200-day simple moving average is $38.47. The Andersons, Inc. has a one year low of $31.03 and a one year high of $51.58. The company has a market cap of $1.42 billion, a P/E ratio of 17.66 and a beta of 0.67. 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 released its quarterly earnings results on Monday, August 4th. The basic materials company reported $0.24 earnings per share for the quarter, missing analysts' consensus estimates of $0.53 by ($0.29). Andersons had a return on equity of 5.28% and a net margin of 0.70%.The firm had revenue of $3.14 billion for the quarter, compared to analyst estimates of $2.86 billion. During the same period last year, the company earned $1.05 EPS. The company's revenue was up 12.2% compared to the same quarter last year. As a group, equities research analysts predict that The Andersons, Inc. will post 3.11 EPS for the current year.

Andersons Announces Dividend

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

Analysts Set New Price Targets

Several research firms have recently weighed in on ANDE. Wall Street Zen cut Andersons from a "buy" rating to a "hold" rating in a report on Thursday, May 15th. Lake Street Capital cut their price target 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. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $51.67.

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.