The Andersons, Inc. $ANDE Stake Boosted by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. increased its stake in The Andersons, Inc. to 4,113,185 shares, representing a 2.9% increase during the first quarter, with a total investment valued at approximately $176.6 million.
• Analysts have adjusted price targets for Andersons, with Lake Street Capital lowering their target from $70.00 to $55.00, while BMO Capital Markets initiated coverage at a target of $45.00.
• The Andersons reported a year-over-year revenue increase of 12.2%, totaling $3.14 billion, although it missed earnings estimates with $0.24 EPS compared to the expected $0.53.

Vanguard Group Inc. lifted its stake in shares of The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 2.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,113,185 shares of the basic materials company's stock after acquiring an additional 115,948 shares during the quarter. Vanguard Group Inc. owned about 12.03% of Andersons worth $176,579,000 at the end of the most recent reporting period.

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

Andersons Trading Up 0.8%

Andersons stock traded up $0.33 during midday trading on Monday, reaching $41.28. The stock had a trading volume of 283,431 shares, compared to its average volume of 345,446. The firm's fifty day simple moving average is $37.37 and its two-hundred day simple moving average is $38.43. The Andersons, Inc. has a twelve month low of $31.03 and a twelve 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. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of 17.57 and a beta of 0.75.

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

Andersons Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. BMO Capital Markets assumed coverage on shares of Andersons in a report on Tuesday, May 6th. They set a "market perform" rating and a $45.00 target price for the company. Lake Street Capital reduced their target price 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. Finally, Wall Street Zen cut shares of Andersons from a "buy" rating to a "hold" rating in a report on Thursday, May 15th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Andersons has an average rating of "Moderate Buy" and a consensus price target of $51.67.

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.