Universal Beteiligungs und Servicegesellschaft mbH Acquires Shares of 8,188 The Andersons, Inc. (NASDAQ:ANDE)

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of The Andersons, Inc. (NASDAQ:ANDE - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 8,188 shares of the basic materials company's stock, valued at approximately $352,000.

Several other institutional investors and hedge funds also recently bought and sold shares of ANDE. Northern Trust Corp boosted its position in shares of Andersons by 11.0% in the fourth quarter. Northern Trust Corp now owns 615,897 shares of the basic materials company's stock valued at $24,956,000 after acquiring an additional 61,250 shares during the period. Ameriprise Financial Inc. raised its position in Andersons by 21.4% in the 4th quarter. Ameriprise Financial Inc. now owns 463,548 shares of the basic materials company's stock valued at $18,783,000 after buying an additional 81,777 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Andersons by 10.6% during the 4th quarter. JPMorgan Chase & Co. now owns 397,691 shares of the basic materials company's stock worth $16,114,000 after acquiring an additional 38,020 shares during the period. Bridgeway Capital Management LLC boosted its stake in Andersons by 2.6% in the 4th quarter. Bridgeway Capital Management LLC now owns 335,739 shares of the basic materials company's stock valued at $13,604,000 after purchasing an additional 8,492 shares during the period. Finally, Voloridge Investment Management LLC acquired a new position in Andersons in the 4th quarter valued at $8,651,000. Hedge funds and other institutional investors own 87.06% of the company's stock.

Andersons Stock Down 0.1%

Shares of Andersons stock traded down $0.02 on Tuesday, hitting $34.63. The company had a trading volume of 572,022 shares, compared to its average volume of 279,193. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 14.74 and a beta of 0.75. The Andersons, Inc. has a 1 year low of $31.03 and a 1 year high of $51.58. The stock has a 50 day moving average of $36.45 and a 200-day moving average of $38.79. 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 issued its quarterly earnings data on Monday, August 4th. The basic materials company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.29). The company had revenue of $3.14 billion during the quarter, compared to analysts' expectations of $2.86 billion. Andersons had a return on equity of 5.31% and a net margin of 0.70%. The business's revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period last year, the company earned $1.05 earnings per share. As a group, sell-side analysts forecast that The Andersons, Inc. will post 3.11 earnings per share for the current year.

Andersons Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 22nd. Investors of record on Tuesday, July 1st were given a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Tuesday, July 1st. Andersons's dividend payout ratio (DPR) is presently 24.61%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on ANDE shares. BMO Capital Markets began coverage on Andersons in a report on Tuesday, May 6th. They issued a "market perform" rating and a $45.00 target price for the company. Lake Street Capital cut their price target on Andersons from $70.00 to $55.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Finally, Wall Street Zen lowered Andersons from a "buy" rating to a "hold" rating in a report on Thursday, May 15th.

Andersons Company 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.