American Century Companies Inc. Sells 27,003 Shares of The Andersons, Inc. $ANDE

Key Points

• American Century Companies Inc. has reduced its stake in The Andersons, Inc. by 2.3%, now holding approximately 3.33% of the company, valued at $48.93 million.
• Several hedge funds have increased their positions in The Andersons, with Wells Fargo & Company lifting its stake by 25.6% in the last quarter.
• The Andersons reported earnings of $0.24 per share, missing analysts' expectations, while the company’s revenue grew 12.2% year over year to $3.14 billion.

American Century Companies Inc. decreased its stake in The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 2.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,139,778 shares of the basic materials company's stock after selling 27,003 shares during the period. American Century Companies Inc. owned about 3.33% of Andersons worth $48,931,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Tudor Investment Corp ET AL bought a new position in shares of Andersons in the 4th quarter worth $591,000. Allspring Global Investments Holdings LLC boosted its stake in shares of Andersons by 148.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 16,992 shares of the basic materials company's stock valued at $737,000 after purchasing an additional 10,147 shares in the last quarter. Yousif Capital Management LLC boosted its stake in shares of Andersons by 2.0% in the 1st quarter. Yousif Capital Management LLC now owns 13,732 shares of the basic materials company's stock valued at $590,000 after purchasing an additional 275 shares in the last quarter. Two Sigma Investments LP purchased a new stake in shares of Andersons in the 4th quarter valued at $690,000. Finally, GAMMA Investing LLC boosted its stake in shares of Andersons by 426.2% in the 1st 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 in the last quarter. Institutional investors own 87.06% of the company's stock.

Andersons Trading Up 0.8%

ANDE traded up $0.33 during trading on Monday, hitting $41.28. 283,431 shares of the stock traded hands, compared to its average volume of 345,446. The firm has a market capitalization of $1.41 billion, a P/E ratio of 17.57 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. The firm has a 50-day moving average of $37.37 and a 200 day moving average of $38.43. The Andersons, Inc. has a 12-month low of $31.03 and a 12-month high of $51.58.

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 for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts' expectations of $2.86 billion. During the same period in the previous year, the company earned $1.05 EPS. The company's quarterly revenue was up 12.2% on a year-over-year basis. Equities research analysts anticipate that The Andersons, Inc. will post 3.11 EPS for the current year.

Andersons Announces Dividend

The business also recently disclosed 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. The ex-dividend date is Wednesday, October 1st. This represents a $0.78 annualized dividend and a yield of 1.9%. Andersons's dividend payout ratio is 33.19%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets assumed coverage on shares of Andersons in a research note on Tuesday, May 6th. They issued a "market perform" rating and a $45.00 price objective for the company. Lake Street Capital cut 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. Finally, Wall Street Zen cut shares of Andersons from a "buy" rating to a "hold" rating in a research note on Thursday, May 15th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target 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.