Moran Wealth Management LLC Invests $4.84 Million in The Andersons, Inc. (NASDAQ:ANDE)

Moran Wealth Management LLC bought a new position in The Andersons, Inc. (NASDAQ:ANDE - Free Report) in the 1st quarter, according to its most recent filing with the 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 0.33% of Andersons at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. American Century Companies Inc. raised its position in shares of Andersons by 7.8% in the 4th quarter. American Century Companies Inc. now owns 1,166,781 shares of the basic materials company's stock worth $47,278,000 after acquiring an additional 84,133 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Andersons by 15.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 751,624 shares of the basic materials company's stock worth $30,456,000 after acquiring an additional 99,045 shares in the last quarter. Northern Trust Corp raised its position in shares of Andersons by 11.0% in the 4th quarter. Northern Trust Corp now owns 615,897 shares of the basic materials company's stock worth $24,956,000 after acquiring an additional 61,250 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Andersons by 21.4% in the 4th quarter. Ameriprise Financial Inc. now owns 463,548 shares of the basic materials company's stock worth $18,783,000 after acquiring an additional 81,777 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Andersons by 10.6% in the 4th quarter. JPMorgan Chase & Co. now owns 397,691 shares of the basic materials company's stock worth $16,114,000 after acquiring an additional 38,020 shares in the last quarter. 87.06% of the stock is currently owned by hedge funds and other institutional investors.

Andersons Stock Performance

Andersons stock traded down $0.55 during trading hours on Friday, hitting $36.14. 566,180 shares of the stock traded hands, compared to its average volume of 272,331. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.76 and a quick ratio of 0.89. The firm's 50 day moving average price is $35.98 and its 200-day moving average price is $39.74. The stock has a market capitalization of $1.24 billion, a price-to-earnings 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 posted its quarterly earnings results on Tuesday, May 6th. The basic materials company reported $0.12 earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.20. The business had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.85 billion. Andersons had a return on equity of 7.35% and a net margin of 0.97%. The company's quarterly revenue was down 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.16 EPS. As a group, equities analysts expect that The Andersons, Inc. will post 3.11 EPS for the current fiscal year.

Andersons Dividend Announcement

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

Analyst Ratings Changes

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

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.