First Wilshire Securities Management Inc. Increases Holdings in The Andersons, Inc. $ANDE

Key Points

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First Wilshire Securities Management Inc. boosted its stake in shares of The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 53.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 93,838 shares of the basic materials company's stock after acquiring an additional 32,600 shares during the quarter. Andersons comprises about 1.2% of First Wilshire Securities Management Inc.'s investment portfolio, making the stock its 29th biggest position. First Wilshire Securities Management Inc. owned 0.27% of Andersons worth $4,028,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Public Sector Pension Investment Board increased its stake in Andersons by 27.3% during the first quarter. Public Sector Pension Investment Board now owns 101,912 shares of the basic materials company's stock worth $4,375,000 after acquiring an additional 21,879 shares during the last quarter. Nuveen LLC bought a new stake in Andersons during the first quarter worth approximately $5,439,000. Invesco Ltd. increased its stake in Andersons by 12.5% during the first quarter. Invesco Ltd. now owns 615,797 shares of the basic materials company's stock worth $26,436,000 after acquiring an additional 68,498 shares during the last quarter. Mutual of America Capital Management LLC bought a new stake in Andersons during the first quarter worth approximately $201,000. Finally, Charles Schwab Investment Management Inc. increased its stake in Andersons by 6.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 800,220 shares of the basic materials company's stock worth $34,353,000 after acquiring an additional 48,596 shares during the last quarter. 87.06% of the stock is owned by institutional investors.

Andersons Trading Up 6.3%

Shares of NASDAQ:ANDE traded up $2.44 during trading hours on Friday, hitting $40.95. 310,848 shares of the company's stock traded hands, compared to its average volume of 345,446. The Andersons, Inc. has a 1 year low of $31.03 and a 1 year high of $51.58. The business has a fifty day moving average price of $37.29 and a 200-day moving average price of $38.42. The firm has a market capitalization of $1.40 billion, a P/E ratio of 17.43 and a beta of 0.75. 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 announced its quarterly earnings results 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 during the quarter, compared to analysts' expectations of $2.86 billion. Andersons had a net margin of 0.70% and a return on equity of 5.28%. The firm's revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.05 EPS. Equities analysts expect that The Andersons, Inc. will post 3.11 earnings per share for the current year.

Andersons Announces Dividend

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

Wall Street Analyst Weigh In

ANDE has been the topic of several analyst reports. Lake Street Capital reduced their price objective on Andersons from $70.00 to $55.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Wall Street Zen lowered Andersons from a "buy" rating to a "hold" rating in a research report on Thursday, May 15th. Finally, BMO Capital Markets initiated coverage on Andersons in a research report on Tuesday, May 6th. They set a "market perform" rating and a $45.00 target price for the company. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Andersons currently 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.