Advisors Asset Management Inc. Has $1.02 Million Stock Holdings in The Andersons, Inc. $ANDE

Key Points

• Advisors Asset Management Inc. has decreased its position in The Andersons, Inc. by 34.1%, selling 12,216 shares to hold approximately 0.07% of the company's stock.
• The Andersons reported a 12.2% year-over-year increase in revenue for the last quarter, totaling $3.14 billion, but missed EPS estimates by $0.29.
• The company declared a quarterly dividend of $0.195 per share, with the ex-dividend date set for October 1st, representing an annualized yield of 1.9%.

Advisors Asset Management Inc. lowered its stake in shares of The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 34.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 23,650 shares of the basic materials company's stock after selling 12,216 shares during the quarter. Advisors Asset Management Inc. owned approximately 0.07% of Andersons worth $1,015,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in ANDE. Northern Trust Corp grew its holdings in Andersons by 11.0% during the 4th quarter. Northern Trust Corp now owns 615,897 shares of the basic materials company's stock worth $24,956,000 after acquiring an additional 61,250 shares during the last quarter. Comerica Bank boosted its stake in shares of Andersons by 203.2% in the 4th quarter. Comerica Bank now owns 35,609 shares of the basic materials company's stock valued at $1,443,000 after purchasing an additional 23,865 shares during the last quarter. Jane Street Group LLC boosted its stake in shares of Andersons by 123.3% in the 4th quarter. Jane Street Group LLC now owns 73,959 shares of the basic materials company's stock valued at $2,997,000 after purchasing an additional 40,833 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Andersons by 21.4% in the 4th quarter. Ameriprise Financial Inc. now owns 463,548 shares of the basic materials company's stock valued at $18,783,000 after purchasing an additional 81,777 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of Andersons by 60.7% in the 4th quarter. Bank of America Corp DE now owns 74,639 shares of the basic materials company's stock valued at $3,024,000 after purchasing an additional 28,182 shares during the last quarter. Institutional investors own 87.06% of the company's stock.

Andersons Trading Down 1.6%

Shares of NASDAQ ANDE traded down $0.67 during mid-day trading on Friday, hitting $40.23. The company's stock had a trading volume of 150,390 shares, compared to its average volume of 230,420. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of 17.12 and a beta of 0.67. 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 Andersons, Inc. has a one year low of $31.03 and a one year high of $51.58. The company's fifty day simple moving average is $38.37 and its 200-day simple moving average is $38.26.

Andersons (NASDAQ:ANDE - Get Free Report) last issued its earnings results on Monday, August 4th. The basic materials company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.29). The business had revenue of $3.14 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the business posted $1.05 EPS. On average, sell-side analysts anticipate that The Andersons, Inc. will post 3.11 earnings per share for the current fiscal year.

Andersons Announces Dividend

The firm also recently announced 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 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Wednesday, October 1st. Andersons's dividend payout ratio (DPR) is 33.19%.

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.