The Andersons, Inc. $ANDE Shares Purchased by Invesco Ltd.

Key Points

• Invesco Ltd. increased its stake in The Andersons, Inc. by 12.5%, now owning approximately $26.44 million worth of shares.
• The Andersons reported a quarterly EPS of $0.24, missing estimates by $0.29, despite a 12.2% year-over-year revenue increase to $3.14 billion.
• Shareholders received a quarterly dividend of $0.195, reflecting an annualized yield of 2.0% and a payout ratio of 33.19%.

Invesco Ltd. lifted its stake in shares of The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 12.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 615,797 shares of the basic materials company's stock after purchasing an additional 68,498 shares during the period. Invesco Ltd. owned about 1.80% of Andersons worth $26,436,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of ANDE. Voloridge Investment Management LLC bought a new position in shares of Andersons during the fourth quarter worth about $8,651,000. Cubist Systematic Strategies LLC acquired a new stake in Andersons during the fourth quarter worth about $8,545,000. Millennium Management LLC raised its stake in Andersons by 3,547.8% during 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. acquired a new stake in Andersons during the fourth quarter worth about $7,354,000. Finally, Vanguard Group Inc. raised its stake in Andersons by 2.9% during the first quarter. Vanguard Group Inc. now owns 4,113,185 shares of the basic materials company's stock worth $176,579,000 after acquiring an additional 115,948 shares during the period. Institutional investors own 87.06% of the company's stock.

Andersons Price Performance

Shares of Andersons stock traded up $0.33 on Monday, hitting $41.28. The company had a trading volume of 283,431 shares, compared to its average volume of 345,446. The business has a 50-day simple moving average of $37.37 and a 200-day simple moving average of $38.43. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.01 and a quick ratio of 1.30. The company has a market cap of $1.41 billion, a PE ratio of 17.57 and a beta of 0.75. The Andersons, Inc. has a 52 week low of $31.03 and a 52 week high of $51.58.

Andersons (NASDAQ:ANDE - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The basic materials company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.29). The company had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $2.86 billion. Andersons had a net margin of 0.70% and a return on equity of 5.28%. The company's revenue was up 12.2% on a year-over-year basis. During the same quarter last year, the business earned $1.05 earnings per share. Research analysts expect that The Andersons, Inc. will post 3.11 EPS for the current fiscal 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 Analyst Weigh In

ANDE has been the topic of several research reports. Wall Street Zen lowered shares of Andersons from a "buy" rating to a "hold" rating in a research note on Thursday, May 15th. Lake Street Capital dropped 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. Finally, BMO Capital Markets initiated coverage on shares of Andersons in a research note on Tuesday, May 6th. They issued a "market perform" rating and a $45.00 price target on the stock. Two investment 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, Andersons presently has a consensus rating of "Moderate Buy" and an average 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.