126,683 Shares in The Andersons, Inc. $ANDE Bought by Nuveen LLC

Key Points

• Nuveen LLC has invested approximately $5.44 million in The Andersons, Inc., acquiring 126,683 shares during the first quarter.
• Analysts have mixed views on the stock, with a consensus rating of "Moderate Buy" and a target price of $51.67, following recent downgrades by Lake Street Capital and Wall Street Zen.
• The Andersons has declared a quarterly dividend of $0.195 per share, which translates to an annualized yield of 1.9%, to be paid to investors on October 22nd.

Nuveen LLC acquired a new position in shares of The Andersons, Inc. (NASDAQ:ANDE - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 126,683 shares of the basic materials company's stock, valued at approximately $5,439,000. Nuveen LLC owned 0.37% of Andersons as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in ANDE. GAMMA Investing LLC boosted its position in Andersons by 426.2% in the 1st quarter. GAMMA Investing LLC now owns 1,805 shares of the basic materials company's stock valued at $77,000 after buying an additional 1,462 shares during the period. Point72 Hong Kong Ltd purchased a new position in Andersons in the 4th quarter valued at approximately $189,000. Mutual of America Capital Management LLC purchased a new position in Andersons in the 1st quarter valued at approximately $201,000. 1492 Capital Management LLC purchased a new position in Andersons in the 1st quarter valued at approximately $208,000. Finally, Sherbrooke Park Advisers LLC purchased a new position in Andersons in the 4th quarter valued at approximately $212,000. Hedge funds and other institutional investors own 87.06% of the company's stock.

Andersons Stock Up 0.2%

Shares of Andersons stock traded up $0.07 during trading on Friday, hitting $40.90. 184,779 shares of the stock were exchanged, compared to its average volume of 315,061. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 17.40 and a beta of 0.67. The firm's 50-day moving average price is $37.67 and its 200 day moving average price is $38.43. The Andersons, Inc. has a 12-month low of $31.03 and a 12-month high of $51.58. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.01 and a quick ratio of 1.30.

Andersons (NASDAQ:ANDE - Get Free Report) last released 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 firm had revenue of $3.14 billion for the quarter, compared to analysts' expectations of $2.86 billion. Andersons had a return on equity of 5.28% and a net margin of 0.70%.Andersons's revenue for the quarter was up 12.2% on a year-over-year basis. During the same period last year, the firm posted $1.05 earnings per share. As a group, analysts forecast that The Andersons, Inc. will post 3.11 earnings per share for the current fiscal year.

Andersons Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages have commented on ANDE. Wall Street Zen cut shares of Andersons from a "buy" rating to a "hold" rating in a research report on Thursday, May 15th. Lake Street Capital decreased their price target on shares of Andersons from $70.00 to $55.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Finally, BMO Capital Markets began coverage on shares of Andersons in a research report on Tuesday, May 6th. They issued a "market perform" rating and a $45.00 price target for the company. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Andersons has a consensus rating of "Moderate Buy" and an average target price of $51.67.

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.