Jacobs Levy Equity Management Inc. Decreases Stock Holdings in The Andersons, Inc. $ANDE

Key Points

• Jacobs Levy Equity Management Inc. reduced its stake in The Andersons, Inc. by 3.2% during the first quarter, owning 312,475 shares valued at approximately $13.4 million.
• Despite stake reductions from several hedge funds, 87.06% of Andersons' stock is still held by institutional investors.
• Wall Street analysts have downgraded Andersons from a "buy" rating to a "hold," with a consensus price target of $51.67.

Jacobs Levy Equity Management Inc. trimmed its position in shares of The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 3.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 312,475 shares of the basic materials company's stock after selling 10,485 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.91% of Andersons worth $13,415,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Voloridge Investment Management LLC purchased a new stake in shares of Andersons during the 4th quarter valued at $8,651,000. Millennium Management LLC grew its holdings in Andersons by 3,547.8% during the 4th quarter. Millennium Management LLC now owns 204,532 shares of the basic materials company's stock valued at $8,288,000 after buying an additional 198,925 shares in the last quarter. D. E. Shaw & Co. Inc. purchased a new position in Andersons during the 4th quarter valued at about $7,354,000. Nuveen LLC bought a new position in shares of Andersons in the first quarter worth approximately $5,439,000. Finally, Vanguard Group Inc. grew its position 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 valued at $176,579,000 after acquiring an additional 115,948 shares during the last quarter. 87.06% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen cut shares of Andersons from a "buy" rating to a "hold" rating in a research report on Thursday, May 15th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $51.67.

Andersons Stock Down 1.1%

Andersons stock traded down $0.43 on Friday, hitting $40.47. 38,920 shares of the stock traded hands, compared to its average volume of 316,470. 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 firm has a market cap of $1.38 billion, a P/E ratio of 17.22 and a beta of 0.67. The business's fifty day simple moving average is $38.33 and its 200 day simple moving average is $38.31. The Andersons, Inc. has a 1 year low of $31.03 and a 1 year high of $51.58.

Andersons (NASDAQ:ANDE - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The basic materials company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.29). The firm had revenue of $3.14 billion for the quarter, compared to analysts' expectations of $2.86 billion. Andersons had a net margin of 0.70% and a return on equity of 5.28%. The business's quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.05 EPS. As a group, sell-side analysts forecast that The Andersons, Inc. will post 3.11 earnings per share for the current year.

Andersons Announces Dividend

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

About Andersons

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.