The Andersons, Inc. $ANDE Shares Sold by Venture Visionary Partners LLC

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Venture Visionary Partners LLC decreased its position in The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 3.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 328,011 shares of the basic materials company's stock after selling 10,071 shares during the period. Venture Visionary Partners LLC owned about 0.96% of Andersons worth $14,082,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC lifted its position in Andersons by 426.2% in the first quarter. GAMMA Investing LLC now owns 1,805 shares of the basic materials company's stock valued at $77,000 after purchasing an additional 1,462 shares during the period. Point72 Hong Kong Ltd purchased a new position in shares of Andersons during the 4th quarter worth approximately $189,000. Mutual of America Capital Management LLC acquired a new stake in shares of Andersons in the 1st quarter valued at approximately $201,000. 1492 Capital Management LLC purchased a new stake in shares of Andersons in the first quarter valued at approximately $208,000. Finally, Sherbrooke Park Advisers LLC acquired a new position in Andersons during the fourth quarter worth $212,000. 87.06% of the stock is currently owned by institutional investors and hedge funds.

Andersons Price Performance

Shares of NASDAQ ANDE traded up $2.44 on Friday, hitting $40.95. The company's stock had a trading volume of 310,848 shares, compared to its average volume of 345,968. The stock has a 50 day moving average of $37.29 and a 200-day moving average of $38.43. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 17.43 and a beta of 0.75. The Andersons, Inc. has a 12-month low of $31.03 and a 12-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.

Andersons (NASDAQ:ANDE - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The basic materials company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.29). Andersons had a return on equity of 5.28% and a net margin of 0.70%.The company had revenue of $3.14 billion for the quarter, compared to analysts' expectations of $2.86 billion. During the same period in the previous year, the business posted $1.05 EPS. The business's quarterly revenue was up 12.2% on a year-over-year basis. As a group, research analysts predict that The Andersons, Inc. will post 3.11 EPS for the current year.

Andersons Dividend Announcement

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

Wall Street Analysts Forecast Growth

ANDE has been the topic of a number of recent analyst reports. Lake Street Capital lowered their price target on shares of 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 downgraded shares of Andersons from a "buy" rating to a "hold" rating in a report on Thursday, May 15th. Finally, BMO Capital Markets assumed coverage on shares of Andersons in a report on Tuesday, May 6th. They issued a "market perform" rating and a $45.00 target price for the company. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, Andersons presently has an average rating of "Moderate Buy" and an average target price 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.