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

Teacher Retirement System of Texas lifted its stake in shares of The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 16.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 135,140 shares of the basic materials company's stock after acquiring an additional 19,167 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.40% of Andersons worth $5,802,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of ANDE. Yousif Capital Management LLC increased its holdings 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 acquiring an additional 275 shares during the period. SummerHaven Investment Management LLC grew its position in shares of Andersons by 2.2% in the 1st quarter. SummerHaven Investment Management LLC now owns 16,596 shares of the basic materials company's stock worth $712,000 after buying an additional 353 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in 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 period. Arete Wealth Advisors LLC grew its position in shares of Andersons by 9.4% during the 4th quarter. Arete Wealth Advisors LLC now owns 6,710 shares of the basic materials company's stock valued at $272,000 after acquiring an additional 579 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Andersons by 3.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,559 shares of the basic materials company's stock valued at $752,000 after acquiring an additional 634 shares during the period. 87.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ANDE. Lake Street Capital dropped 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. BMO Capital Markets assumed coverage on shares of Andersons in a research report on Tuesday, May 6th. They issued a "market perform" rating and a $45.00 price objective on the stock. Finally, Wall Street Zen lowered Andersons from a "buy" rating to a "hold" rating in a report on Thursday, May 15th.

Andersons Stock Up 0.7%

Andersons stock traded up $0.28 during midday trading on Thursday, hitting $38.45. 217,551 shares of the stock were exchanged, compared to its average volume of 328,525. The Andersons, Inc. has a 1 year low of $31.03 and a 1 year high of $55.52. The firm has a market cap of $1.31 billion, a P/E ratio of 12.13 and a beta of 0.75. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.76 and a quick ratio of 0.89. The company has a 50 day moving average price of $35.99 and a two-hundred day moving average price of $39.45.

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

Andersons Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 22nd. Investors of record on Tuesday, July 1st will be issued a $0.195 dividend. This represents a $0.78 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend is Tuesday, July 1st. Andersons's dividend payout ratio is currently 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.