The Andersons, Inc. $ANDE Stock Holdings Increased by Trexquant Investment LP

Key Points

• Trexquant Investment LP has increased its ownership in The Andersons, Inc., purchasing an additional 48,573 shares, bringing its total stake to 77,559 shares and 0.23% of the company.
• The Andersons reported a quarterly earnings miss with an EPS of $0.24, significantly lower than the expected $0.53, despite a revenue increase of 12.2% year-over-year.
• Analyst ratings for The Andersons have varied, with Wall Street Zen downgrading it to a "hold" and a consensus price target of $51.67 after analysts noted changes in their ratings.

Trexquant Investment LP raised its position in shares of The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 167.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 77,559 shares of the basic materials company's stock after purchasing an additional 48,573 shares during the period. Trexquant Investment LP owned 0.23% of Andersons worth $3,330,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ANDE. Raymond James Financial Inc. acquired a new position in Andersons during the 4th quarter valued at about $528,000. Price T Rowe Associates Inc. MD raised its position in shares of Andersons by 6.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 43,181 shares of the basic materials company's stock worth $1,750,000 after buying an additional 2,707 shares in the last quarter. Tudor Investment Corp ET AL bought a new stake in shares of Andersons during the 4th quarter worth about $591,000. Northern Trust Corp raised its position in shares of Andersons by 11.0% during the 4th quarter. Northern Trust Corp now owns 615,897 shares of the basic materials company's stock worth $24,956,000 after buying an additional 61,250 shares in the last quarter. Finally, Comerica Bank raised its position in shares of Andersons by 203.2% during the 4th quarter. Comerica Bank now owns 35,609 shares of the basic materials company's stock worth $1,443,000 after buying an additional 23,865 shares in the last quarter. 87.06% of the stock is owned by institutional investors and hedge funds.

Andersons Price Performance

Shares of ANDE stock traded down $0.09 during midday trading on Friday, reaching $41.40. 305,594 shares of the company were exchanged, compared to its average volume of 240,715. The Andersons, Inc. has a 12 month low of $31.03 and a 12 month high of $51.58. The company has a market cap of $1.42 billion, a P/E ratio of 17.62 and a beta of 0.67. The company's 50 day moving average price is $38.12 and its two-hundred day moving average price is $38.41. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.30 and a current ratio of 2.01.

Andersons (NASDAQ:ANDE - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The basic materials company reported $0.24 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.29). Andersons had a return on equity of 5.28% and a net margin of 0.70%.The company had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $2.86 billion. During the same quarter last year, the firm posted $1.05 earnings per share. The firm's quarterly revenue was up 12.2% compared to the same quarter last year. On average, sell-side analysts expect that The Andersons, Inc. will post 3.11 earnings per share for the current year.

Andersons Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be issued a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Wednesday, October 1st. Andersons's payout ratio is presently 33.19%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded shares of Andersons from a "buy" rating to a "hold" rating in a research report on Thursday, May 15th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Andersons currently 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.