Inspire Investing LLC Decreases Holdings in The Andersons, Inc. $ANDE

Key Points

• Inspire Investing LLC has decreased its holdings in The Andersons, Inc. by 28.3% during the second quarter, leaving them with 19,745 shares valued at approximately $726,000.
• Despite a decrease in shares by Inspire Investing, multiple institutional investors, including Vanguard Group Inc. and Charles Schwab Investment Management Inc., have increased their stakes in Andersons during the first quarter.
• The Andersons reported quarterly earnings of $0.24 per share, missing estimates, but achieved a year-over-year revenue increase of 12.2% to $3.14 billion.

Inspire Investing LLC trimmed its holdings in shares of The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 28.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,745 shares of the basic materials company's stock after selling 7,787 shares during the period. Inspire Investing LLC owned 0.06% of Andersons worth $726,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position 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 valued at $176,579,000 after buying an additional 115,948 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Andersons by 6.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 800,220 shares of the basic materials company's stock valued at $34,353,000 after buying an additional 48,596 shares during the last quarter. Invesco Ltd. boosted its position in Andersons by 12.5% in the 1st quarter. Invesco Ltd. now owns 615,797 shares of the basic materials company's stock valued at $26,436,000 after buying an additional 68,498 shares during the last quarter. Bridgeway Capital Management LLC boosted its position in Andersons by 1.1% in the 1st quarter. Bridgeway Capital Management LLC now owns 339,311 shares of the basic materials company's stock valued at $14,567,000 after buying an additional 3,572 shares during the last quarter. Finally, Empowered Funds LLC boosted its position in Andersons by 0.7% in the 1st quarter. Empowered Funds LLC now owns 233,771 shares of the basic materials company's stock valued at $9,990,000 after buying an additional 1,558 shares during the last quarter. 87.06% of the stock is owned by hedge funds and other institutional investors.

Andersons Stock Performance

ANDE opened at $41.01 on Monday. The business's 50 day moving average is $39.70 and its 200-day moving average is $37.87. The stock has a market cap of $1.40 billion, a PE ratio of 17.45 and a beta of 0.70. The company has a current ratio of 2.01, a quick ratio of 1.30 and a debt-to-equity ratio of 0.36. The Andersons, Inc. has a twelve month low of $31.03 and a twelve month high of $51.58.

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 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 last year, the firm posted $1.05 EPS. The business's quarterly revenue was up 12.2% on a year-over-year basis. On average, analysts predict that The Andersons, Inc. will post 3.11 earnings per share for the current year.

Andersons Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be given 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 payout ratio is 33.19%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a "hold (c)" rating on shares of Andersons in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $51.67.

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.

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