Teacher Retirement System of Texas Boosts Stock Position in The Andersons, Inc. (NASDAQ:ANDE)

Teacher Retirement System of Texas grew its position in The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 16.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 135,140 shares of the basic materials company's stock after buying an additional 19,167 shares during the quarter. Teacher Retirement System of Texas owned 0.40% of Andersons worth $5,802,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. GAMMA Investing LLC lifted its stake in shares of Andersons by 426.2% during the 1st 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. EverSource Wealth Advisors LLC lifted 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 purchasing an additional 412 shares during the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of Andersons during the 4th quarter worth $189,000. Sherbrooke Park Advisers LLC purchased a new stake in shares of Andersons during the 4th quarter worth $212,000. Finally, Walleye Capital LLC purchased a new stake in shares of Andersons during the 4th quarter worth $213,000. 87.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ANDE has been the subject of a number of analyst reports. Lake Street Capital decreased their price objective on Andersons from $70.00 to $55.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. BMO Capital Markets started coverage on Andersons in a research report on Tuesday, May 6th. They set a "market perform" rating and a $45.00 target price on the stock. Finally, Wall Street Zen lowered Andersons from a "buy" rating to a "hold" rating in a research report on Thursday, May 15th.

Andersons Stock Up 0.1%

NASDAQ:ANDE traded up $0.05 during mid-day trading on Wednesday, hitting $38.17. 278,327 shares of the company's stock traded hands, compared to its average volume of 275,937. The company has a fifty day moving average of $35.99 and a 200 day moving average of $39.45. The Andersons, Inc. has a twelve month low of $31.03 and a twelve month high of $55.52. The company has a market capitalization of $1.31 billion, a P/E ratio of 12.04 and a beta of 0.75. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.89 and a current ratio of 1.76.

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

Andersons Dividend Announcement

The firm also recently declared 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 is Tuesday, July 1st. This represents a $0.78 dividend on an annualized basis and a yield of 2.04%. Andersons's dividend payout ratio is currently 24.61%.

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.