Pacer Advisors Inc. Sells 1,005,049 Shares of The Andersons, Inc. (NASDAQ:ANDE)

Key Points

• Pacer Advisors Inc. has sold 1,005,049 shares of The Andersons, Inc., reducing its holdings by 75.8%, which leaves them with approximately 321,087 shares valued at about $13.8 million.
• Andersons last reported quarterly earnings of $0.12 earnings per share, exceeding analysts' expectations, but total revenue of $2.66 billion fell short of the forecast of $2.85 billion.
• The company has declared a quarterly dividend of $0.195 per share, resulting in an annualized yield of 2.16%, with a current dividend payout ratio of 24.61%.

Pacer Advisors Inc. trimmed its position in The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 75.8% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 321,087 shares of the basic materials company's stock after selling 1,005,049 shares during the period. Pacer Advisors Inc. owned about 0.94% of Andersons worth $13,784,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Northern Trust Corp grew its position in shares of Andersons by 11.0% during the 4th quarter. Northern Trust Corp now owns 615,897 shares of the basic materials company's stock valued at $24,956,000 after acquiring an additional 61,250 shares during the period. Ameriprise Financial Inc. lifted its stake in 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 purchasing an additional 81,777 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in 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 purchasing an additional 38,020 shares in the last quarter. Bridgeway Capital Management LLC lifted its holdings in shares of Andersons by 2.6% during the 4th quarter. Bridgeway Capital Management LLC now owns 335,739 shares of the basic materials company's stock worth $13,604,000 after acquiring an additional 8,492 shares during the last quarter. Finally, Voloridge Investment Management LLC bought a new stake in shares of Andersons during the 4th quarter worth $8,651,000. 87.06% of the stock is owned by institutional investors.

Andersons Price Performance

Shares of ANDE traded up $0.11 during mid-day trading on Wednesday, reaching $36.76. The stock had a trading volume of 37,452 shares, compared to its average volume of 319,902. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of 11.58 and a beta of 0.75. The Andersons, Inc. has a 12 month low of $31.03 and a 12 month high of $55.47. The business has a fifty day moving average of $36.35 and a 200 day moving average of $39.06. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.89 and a current ratio of 1.76.

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, topping analysts' consensus estimates of ($0.08) by $0.20. The business had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.85 billion. Andersons had a net margin of 0.97% and a return on equity of 7.35%. The company's revenue was down 2.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.16 earnings per share. Equities analysts predict that The Andersons, Inc. will post 3.11 EPS for the current year.

Andersons Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 1st were given a $0.195 dividend. The ex-dividend date was Tuesday, July 1st. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.12%. Andersons's payout ratio is currently 24.61%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports 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. BMO Capital Markets began coverage on shares of Andersons in a report on Tuesday, May 6th. They set a "market perform" rating and a $45.00 price objective for the company. Finally, Lake Street Capital decreased their price objective on shares of Andersons from $70.00 to $55.00 and set a "buy" rating for the company in a report on Thursday, May 8th.

Andersons Company 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.