Allspring Global Investments Holdings LLC Boosts Holdings in The Andersons, Inc. (NASDAQ:ANDE)

Allspring Global Investments Holdings LLC increased its holdings in The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 148.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,992 shares of the basic materials company's stock after acquiring an additional 10,147 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Andersons were worth $737,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in the stock. GAMMA Investing LLC increased its position in shares of Andersons by 426.2% during the first quarter. GAMMA Investing LLC now owns 1,805 shares of the basic materials company's stock valued at $77,000 after acquiring an additional 1,462 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Andersons by 16.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,866 shares of the basic materials company's stock worth $116,000 after acquiring an additional 412 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in Andersons during the fourth quarter valued at about $189,000. Sherbrooke Park Advisers LLC bought a new position in shares of Andersons during the 4th quarter valued at approximately $212,000. Finally, Walleye Capital LLC bought a new stake in Andersons during the 4th quarter worth approximately $213,000. 87.06% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on ANDE shares. BMO Capital Markets assumed coverage on 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 reduced their target price on Andersons from $70.00 to $55.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Finally, Wall Street Zen lowered Andersons from a "buy" rating to a "hold" rating in a research note on Thursday, May 15th.

Andersons Price Performance

ANDE traded down $0.07 during trading hours on Friday, hitting $38.38. The company's stock had a trading volume of 166,594 shares, compared to its average volume of 276,110. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of 12.11 and a beta of 0.75. The business's 50-day moving average price is $36.03 and its 200-day moving average price is $39.43. The company has a current ratio of 1.76, a quick ratio of 0.89 and a debt-to-equity ratio of 0.37. The Andersons, Inc. has a 12 month low of $31.03 and a 12 month high of $55.52.

Andersons (NASDAQ:ANDE - Get Free Report) last posted its earnings results on Tuesday, May 6th. The basic materials company reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates of ($0.08) by $0.20. Andersons had a net margin of 0.97% and a return on equity of 7.35%. The firm had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.85 billion. During the same period in the previous year, the firm posted $0.16 EPS. The business's quarterly revenue was down 2.3% on a year-over-year basis. Sell-side analysts expect that The Andersons, Inc. will post 3.11 earnings per share for the current fiscal year.

Andersons Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 1st will be given a dividend of $0.195 per share. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a $0.78 dividend on an annualized basis and a yield of 2.03%. Andersons's dividend payout ratio (DPR) is presently 24.61%.

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.