Vest Financial LLC Acquires 29,858 Shares of The Andersons, Inc. $ANDE

Key Points

• Vest Financial LLC increased its stake in The Andersons, Inc. by 43.5%, acquiring an additional 29,858 shares during the second quarter, bringing its total holdings to 98,442 shares worth approximately $3.6 million.
• The Andersons reported a loss of $0.29 per share for the last quarter, missing estimates, although revenue grew by 12.2% year-over-year, reaching $3.14 billion.
• The company declared a quarterly dividend of $0.195 per share, with a dividend yield of 1.9%, which will be paid on October 22nd to stockholders of record as of October 1st.

Vest Financial LLC raised its holdings in shares of The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 43.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 98,442 shares of the basic materials company's stock after purchasing an additional 29,858 shares during the period. Vest Financial LLC owned 0.29% of Andersons worth $3,618,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in ANDE. Yousif Capital Management LLC increased its stake in shares of Andersons by 2.0% during the first quarter. Yousif Capital Management LLC now owns 13,732 shares of the basic materials company's stock valued at $590,000 after purchasing an additional 275 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Andersons by 426.2% during the first quarter. GAMMA Investing LLC now owns 1,805 shares of the basic materials company's stock valued at $77,000 after buying an additional 1,462 shares during the last quarter. Exchange Traded Concepts LLC grew its holdings in shares of Andersons by 19.7% during the first quarter. Exchange Traded Concepts LLC now owns 25,087 shares of the basic materials company's stock valued at $1,077,000 after buying an additional 4,136 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Andersons by 11.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 13,744 shares of the basic materials company's stock valued at $590,000 after buying an additional 1,375 shares during the last quarter. Finally, Moran Wealth Management LLC purchased a new stake in shares of Andersons during the first quarter valued at approximately $4,838,000. Institutional investors own 87.06% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a "hold (c)" rating on shares of Andersons in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, Andersons presently has an average rating of "Moderate Buy" and an average target price of $51.67.

Andersons Trading Up 2.5%

Shares of Andersons stock opened at $42.02 on Tuesday. The company's fifty day simple moving average is $39.84 and its 200-day simple moving average is $37.86. The stock has a market capitalization of $1.44 billion, a PE ratio of 17.88 and a beta of 0.70. The Andersons, Inc. has a 1-year low of $31.03 and a 1-year high of $51.58. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.01 and a quick ratio of 1.30.

Andersons (NASDAQ:ANDE - Get Free Report) last issued 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). The business had revenue of $3.14 billion for the quarter, compared to analysts' expectations of $2.86 billion. Andersons had a return on equity of 5.28% and a net margin of 0.70%.The company's revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.05 EPS. As a group, equities analysts anticipate 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 will be paid on Wednesday, October 22nd. Stockholders 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 dividend yield of 1.9%. The ex-dividend date is Wednesday, October 1st. Andersons's dividend payout ratio (DPR) is currently 33.19%.

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.

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