UniSuper Management Pty Ltd Makes New $999,000 Investment in The Andersons, Inc. $ANDE

Key Points

• UniSuper Management Pty Ltd has acquired 23,270 shares of The Andersons, Inc. valued at approximately $999,000, representing 0.07% ownership of the company.
• The Andersons reported a Q2 EPS of $0.24, falling short of analysts' expectations of $0.53, while revenue reached $3.14 billion, surpassing the estimated $2.86 billion.
• The company declared a quarterly dividend of $0.195 per share, scheduled for payment on October 22nd, with a dividend yield of 2.0%.

UniSuper Management Pty Ltd acquired a new stake in shares of The Andersons, Inc. (NASDAQ:ANDE - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 23,270 shares of the basic materials company's stock, valued at approximately $999,000. UniSuper Management Pty Ltd owned about 0.07% of Andersons as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. GAMMA Investing LLC increased 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. Point72 Hong Kong Ltd purchased a new position in shares of Andersons in the 4th quarter valued at about $189,000. Mutual of America Capital Management LLC purchased a new position in shares of Andersons in the 1st quarter valued at about $201,000. 1492 Capital Management LLC purchased a new position in shares of Andersons in the 1st quarter valued at about $208,000. Finally, Sherbrooke Park Advisers LLC purchased a new position in shares of Andersons in the 4th quarter valued at about $212,000. Hedge funds and other institutional investors own 87.06% of the company's stock.

Andersons Price Performance

Shares of Andersons stock traded up $1.65 on Tuesday, hitting $40.10. The company's stock had a trading volume of 510,113 shares, compared to its average volume of 246,356. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.30 and a current ratio of 2.01. The Andersons, Inc. has a 1 year low of $31.03 and a 1 year high of $51.58. The firm has a fifty day moving average price of $38.43 and a 200-day moving average price of $38.21. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of 17.06 and a beta of 0.67.

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 business had revenue of $3.14 billion during the quarter, compared to analysts' expectations of $2.86 billion. During the same quarter in the prior year, the firm earned $1.05 EPS. Andersons's revenue for the quarter was up 12.2% on a year-over-year basis. As a group, sell-side analysts anticipate 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 Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be paid a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a yield of 1.9%. The ex-dividend date is Wednesday, October 1st. Andersons's payout ratio is 33.19%.

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.