The Andersons, Inc. $ANDE Shares Bought by Hotchkis & Wiley Capital Management LLC

Key Points

• Hotchkis & Wiley Capital Management LLC increased its stake in The Andersons, Inc. by 5.5%, owning 230,710 shares worth approximately $9.9 million as of the latest SEC filing.
• The company reported earnings of $0.24 per share, missing analysts' expectations of $0.53, but its revenue increased to $3.14 billion, exceeding forecasts of $2.86 billion.
• Andersons announced a quarterly dividend of $0.195 per share, yielding 1.9%, with an ex-dividend date set for October 1st.

Hotchkis & Wiley Capital Management LLC raised its holdings in shares of The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 5.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 230,710 shares of the basic materials company's stock after buying an additional 11,970 shares during the period. Hotchkis & Wiley Capital Management LLC owned about 0.67% of Andersons worth $9,904,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Yousif Capital Management LLC boosted its stake in shares of Andersons by 2.0% during the 1st quarter. Yousif Capital Management LLC now owns 13,732 shares of the basic materials company's stock worth $590,000 after acquiring an additional 275 shares in the last quarter. SummerHaven Investment Management LLC lifted its holdings in shares of Andersons by 2.2% during the first quarter. SummerHaven Investment Management LLC now owns 16,596 shares of the basic materials company's stock valued at $712,000 after purchasing an additional 353 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Andersons by 1.3% in the 1st quarter. Nisa Investment Advisors LLC now owns 31,542 shares of the basic materials company's stock valued at $1,354,000 after purchasing an additional 408 shares during the period. Summit Place Financial Advisors LLC increased its stake in Andersons by 2.4% in the 1st quarter. Summit Place Financial Advisors LLC now owns 22,766 shares of the basic materials company's stock worth $977,000 after purchasing an additional 530 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Andersons by 3.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,559 shares of the basic materials company's stock worth $752,000 after purchasing an additional 634 shares in the last quarter. Institutional investors own 87.06% of the company's stock.

Andersons Price Performance

Shares of NASDAQ:ANDE opened at $40.95 on Monday. 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 1 year low of $31.03 and a 1 year high of $51.58. The business has a fifty day simple moving average of $37.29 and a 200 day simple moving average of $38.42. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of 17.43 and a beta of 0.75.

Andersons (NASDAQ:ANDE - Get Free Report) last issued its earnings results 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 net margin of 0.70% and a return on equity of 5.28%. The firm had revenue of $3.14 billion during the quarter, compared to analysts' expectations of $2.86 billion. During the same quarter last year, the firm earned $1.05 EPS. The business's revenue for the quarter was up 12.2% compared to the same quarter last year. As a group, sell-side analysts predict that The Andersons, Inc. will post 3.11 earnings per share for the current fiscal year.

Andersons Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Lake Street Capital reduced their price objective 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. BMO Capital Markets initiated coverage on Andersons in a report on Tuesday, May 6th. They issued a "market perform" rating and a $45.00 target price for the company. Finally, Wall Street Zen downgraded Andersons from a "buy" rating to a "hold" rating in a report on Thursday, May 15th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, Andersons presently has a consensus rating of "Moderate Buy" and an average 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.

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