UniSuper Management Pty Ltd Purchases Shares of 23,270 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 position in shares of The Andersons, Inc. (NASDAQ:ANDE - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund 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 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of ANDE. Vanguard Group Inc. grew its stake in Andersons by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 4,113,185 shares of the basic materials company's stock valued at $176,579,000 after buying an additional 115,948 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Andersons by 6.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 800,220 shares of the basic materials company's stock valued at $34,353,000 after purchasing an additional 48,596 shares during the period. Invesco Ltd. lifted its holdings in shares of Andersons by 12.5% during the 1st quarter. Invesco Ltd. now owns 615,797 shares of the basic materials company's stock worth $26,436,000 after acquiring an additional 68,498 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of Andersons by 21.4% during the 4th quarter. Ameriprise Financial Inc. now owns 463,548 shares of the basic materials company's stock worth $18,783,000 after acquiring an additional 81,777 shares during the period. Finally, Bridgeway Capital Management LLC lifted its holdings in shares of Andersons by 1.1% during the 1st quarter. Bridgeway Capital Management LLC now owns 339,311 shares of the basic materials company's stock worth $14,567,000 after acquiring an additional 3,572 shares during the period. 87.06% of the stock is currently owned by institutional investors and hedge funds.

Andersons Trading Up 0.0%

NASDAQ:ANDE opened at $39.97 on Thursday. The company has a current ratio of 2.01, a quick ratio of 1.30 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 17.01 and a beta of 0.67. The firm has a fifty day simple moving average of $38.28 and a two-hundred day simple moving average of $38.34. The Andersons, Inc. has a 12 month low of $31.03 and a 12 month high of $51.58.

Andersons (NASDAQ:ANDE - Get Free Report) last posted 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). The company had revenue of $3.14 billion during the quarter, compared to analyst estimates of $2.86 billion. Andersons had a return on equity of 5.28% and a net margin of 0.70%.The company's revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.05 earnings per share. Analysts expect that The Andersons, Inc. will post 3.11 EPS for the current fiscal year.

Andersons Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be given a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Wednesday, October 1st. Andersons's dividend payout ratio (DPR) is presently 33.19%.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded shares of Andersons from a "buy" rating to a "hold" rating in a research note on Thursday, May 15th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average 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.

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