The Andersons, Inc. $ANDE Stake Cut by Moran Wealth Management LLC

Key Points

• Moran Wealth Management LLC reduced its stake in The Andersons, Inc. by 7.4%, now holding 104,333 shares worth approximately $3.83 million.
• The Andersons reported $0.24 earnings per share for the last quarter, missing expectations by $0.29, while revenue rose to $3.14 billion.
• The company announced a quarterly dividend of $0.195 per share, with a 1.8% dividend yield, set to be paid on October 22.

Moran Wealth Management LLC cut its position in shares of The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 7.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 104,333 shares of the basic materials company's stock after selling 8,360 shares during the quarter. Moran Wealth Management LLC owned 0.31% of Andersons worth $3,834,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in ANDE. GAMMA Investing LLC lifted its stake in Andersons by 426.2% during the first quarter. GAMMA Investing LLC now owns 1,805 shares of the basic materials company's stock worth $77,000 after purchasing an additional 1,462 shares during the last quarter. Trust Co. of Toledo NA OH bought a new position in Andersons during the second quarter worth $114,000. Mutual of America Capital Management LLC bought a new position in Andersons during the first quarter worth $201,000. 1492 Capital Management LLC bought a new position in Andersons during the first quarter worth $208,000. Finally, Inspire Advisors LLC bought a new position in Andersons during the first quarter worth $230,000. 87.06% of the stock is currently owned by institutional investors.

Andersons Stock Performance

ANDE stock opened at $42.48 on Wednesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.30 and a current ratio of 2.01. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 18.08 and a beta of 0.70. The Andersons, Inc. has a 1 year low of $31.03 and a 1 year high of $51.58. The stock's fifty day moving average is $40.00 and its two-hundred day moving average is $37.90.

Andersons (NASDAQ:ANDE - Get Free Report) last posted its 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). Andersons had a net margin of 0.70% and a return on equity of 5.28%. The company had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $2.86 billion. During the same quarter in the previous year, the business posted $1.05 earnings per share. The business's quarterly revenue was up 12.2% compared to the same quarter last year. On average, research analysts predict that The Andersons, Inc. will post 3.11 EPS for the current year.

Andersons Dividend Announcement

The business 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 dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Wednesday, October 1st. Andersons's payout ratio is currently 33.19%.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a "hold (c)" rating on shares of Andersons in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average 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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