Moran Wealth Management LLC Purchases Shares of 112,693 The Andersons, Inc. (NASDAQ:ANDE)

Moran Wealth Management LLC bought a new position in The Andersons, Inc. (NASDAQ:ANDE - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 112,693 shares of the basic materials company's stock, valued at approximately $4,838,000. Moran Wealth Management LLC owned about 0.33% of Andersons at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of ANDE. Yousif Capital Management LLC lifted its holdings in shares of Andersons by 2.0% during the first quarter. Yousif Capital Management LLC now owns 13,732 shares of the basic materials company's stock valued at $590,000 after purchasing an additional 275 shares in the last quarter. SummerHaven Investment Management LLC lifted its holdings in shares of Andersons by 2.2% during the first quarter. SummerHaven Investment Management LLC now owns 16,596 shares of the basic materials company's stock valued at $712,000 after purchasing an additional 353 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Andersons by 16.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,866 shares of the basic materials company's stock valued at $116,000 after acquiring an additional 412 shares during the period. Arete Wealth Advisors LLC lifted its holdings in Andersons by 9.4% in the fourth quarter. Arete Wealth Advisors LLC now owns 6,710 shares of the basic materials company's stock valued at $272,000 after acquiring an additional 579 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in 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 valued at $752,000 after acquiring an additional 634 shares during the period. 87.06% of the stock is owned by hedge funds and other institutional investors.

Andersons Stock Performance

ANDE traded down $0.55 during midday trading on Friday, reaching $36.14. The company had a trading volume of 566,180 shares, compared to its average volume of 270,644. The company has a quick ratio of 0.89, a current ratio of 1.76 and a debt-to-equity ratio of 0.37. The business has a 50-day moving average of $35.98 and a two-hundred day moving average of $39.65. The company has a market cap of $1.24 billion, a P/E ratio of 11.40 and a beta of 0.76. The Andersons, Inc. has a 1 year low of $31.03 and a 1 year high of $55.52.

Andersons (NASDAQ:ANDE - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The basic materials company reported $0.12 EPS for the quarter, topping analysts' consensus estimates of ($0.08) by $0.20. The business had revenue of $2.66 billion during the quarter, compared to analysts' expectations of $2.85 billion. Andersons had a return on equity of 7.35% and a net margin of 0.97%. The business's quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.16 earnings per share. As a group, equities research analysts predict that The Andersons, Inc. will post 3.11 earnings per share for the current fiscal year.

Andersons Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 1st will be given a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date is Tuesday, July 1st. Andersons's payout ratio is 24.61%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Wall Street Zen downgraded Andersons from a "buy" rating to a "hold" rating in a report on Thursday, May 15th. BMO Capital Markets assumed coverage on Andersons in a report on Tuesday, May 6th. They issued a "market perform" rating and a $45.00 target price on the stock. Finally, Lake Street Capital lowered their target price on Andersons from $70.00 to $55.00 and set a "buy" rating on the stock in a report on Thursday, May 8th.

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.