Public Sector Pension Investment Board Has $4.38 Million Stock Holdings in The Andersons, Inc. $ANDE

Public Sector Pension Investment Board grew its stake in The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 27.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 101,912 shares of the basic materials company's stock after purchasing an additional 21,879 shares during the quarter. Public Sector Pension Investment Board owned approximately 0.30% of Andersons worth $4,375,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Voloridge Investment Management LLC bought a new position in Andersons during the fourth quarter worth about $8,651,000. Cubist Systematic Strategies LLC bought a new position in Andersons during the fourth quarter worth about $8,545,000. Millennium Management LLC increased its position in Andersons by 3,547.8% during the fourth quarter. Millennium Management LLC now owns 204,532 shares of the basic materials company's stock worth $8,288,000 after acquiring an additional 198,925 shares during the period. D. E. Shaw & Co. Inc. bought a new position in Andersons during the fourth quarter worth about $7,354,000. Finally, Nuveen LLC bought a new position in Andersons during the first quarter worth about $5,439,000. 87.06% of the stock is owned by institutional investors.

Andersons Price Performance

Andersons stock traded up $1.8870 during trading hours on Friday, reaching $40.3970. 71,865 shares of the stock were exchanged, compared to its average volume of 322,167. The company has a market cap of $1.38 billion, a P/E ratio of 17.20 and a beta of 0.75. 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 Andersons, Inc. has a twelve month low of $31.03 and a twelve month high of $51.58. The stock has a 50 day moving average of $37.20 and a two-hundred day moving average of $38.45.

Andersons (NASDAQ:ANDE - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The basic materials company reported $0.24 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.53 by ($0.29). The firm had revenue of $3.14 billion for the quarter, compared to analyst estimates of $2.86 billion. Andersons had a return on equity of 5.28% and a net margin of 0.70%.The company's quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.05 earnings per share. Equities analysts expect that The Andersons, Inc. will post 3.11 EPS for the current fiscal year.

Andersons Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Wednesday, October 1st will be paid a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 1.9%. Andersons's payout ratio is currently 33.19%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ANDE. Lake Street Capital lowered their price target on shares of Andersons from $70.00 to $55.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. BMO Capital Markets began coverage on shares of Andersons in a research report on Tuesday, May 6th. They set a "market perform" rating and a $45.00 price target on the stock. Finally, Wall Street Zen lowered 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 issued a Hold rating to the stock. According to MarketBeat, the company presently has an average 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.