19,353 Shares in The Andersons, Inc. (NASDAQ:ANDE) Purchased by Royce & Associates LP

Key Points

• Royce & Associates LP acquired a new position in The Andersons, Inc., purchasing 19,353 shares valued at approximately $831,000, and now holds 0.06% of the company.
• The Andersons reported earnings of $0.12 per share, exceeding analysts' expectations, with revenue of $2.66 billion for the quarter, although this was down 2.3% compared to the prior year.
• The company declared a quarterly dividend of $0.195 per share, resulting in an annualized dividend yield of 2.16%.

Royce & Associates LP bought a new position in shares of 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 fund bought 19,353 shares of the basic materials company's stock, valued at approximately $831,000. Royce & Associates LP owned approximately 0.06% of Andersons at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in ANDE. GAMMA Investing LLC increased its stake in shares of Andersons by 426.2% in the first quarter. GAMMA Investing LLC now owns 1,805 shares of the basic materials company's stock worth $77,000 after buying an additional 1,462 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of Andersons in the fourth quarter worth $189,000. Mutual of America Capital Management LLC bought a new stake in shares of Andersons in the first quarter worth $201,000. 1492 Capital Management LLC bought a new stake in shares of Andersons in the first quarter worth $208,000. Finally, Sherbrooke Park Advisers LLC bought a new stake in shares of Andersons in the fourth quarter worth $212,000. 87.06% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Andersons Stock Performance

ANDE stock traded down $1.09 during trading on Friday, hitting $34.83. 86,848 shares of the company's stock traded hands, compared to its average volume of 319,517. 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 Andersons, Inc. has a 52 week low of $31.03 and a 52 week high of $52.37. The stock has a fifty day moving average price of $36.43 and a two-hundred day moving average price of $38.99. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of 11.00 and a beta of 0.75.

Andersons (NASDAQ:ANDE - Get Free Report) last released its 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. Andersons had a net margin of 0.97% and a return on equity of 7.35%. The firm had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.85 billion. During the same quarter in the previous year, the firm earned $0.16 earnings per share. The firm's revenue for the quarter was down 2.3% compared to the same quarter last year. As a group, equities analysts anticipate that The Andersons, Inc. will post 3.11 EPS for the current fiscal year.

Andersons Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 1st were given a dividend of $0.195 per share. The ex-dividend date was Tuesday, July 1st. This represents a $0.78 annualized dividend and a dividend yield of 2.2%. Andersons's dividend payout ratio is currently 24.61%.

Andersons 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.