Voya Investment Management LLC Buys 9,911 Shares of The Andersons, Inc. $ANDE

Key Points

• Voya Investment Management LLC increased its holdings in The Andersons, Inc. by 37.5% in the first quarter, purchasing an additional 9,911 shares, bringing its total to 36,371 shares valued at approximately $1,561,000.
• Andersons reported $0.24 EPS for its latest quarter, missing the consensus estimate of $0.53, although revenues increased by 12.2% year-over-year.
• The company declared a quarterly dividend of $0.195 per share, which will be distributed to shareholders of record on October 1st, representing an annual yield of 2.0%.

Voya Investment Management LLC boosted its holdings in The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 37.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,371 shares of the basic materials company's stock after buying an additional 9,911 shares during the quarter. Voya Investment Management LLC owned approximately 0.11% of Andersons worth $1,561,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. GAMMA Investing LLC raised its holdings in 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 buying an additional 1,462 shares during the last quarter. Mutual of America Capital Management LLC bought a new position in Andersons in the 1st quarter valued at approximately $201,000. 1492 Capital Management LLC bought a new position in Andersons in the 1st quarter valued at approximately $208,000. Inspire Advisors LLC bought a new position in Andersons in the 1st quarter valued at approximately $230,000. Finally, Stephens Inc. AR bought a new position in Andersons in the 1st quarter valued at approximately $275,000. Institutional investors own 87.06% of the company's stock.

Andersons Stock Down 0.6%

Shares of NASDAQ ANDE opened at $38.38 on Tuesday. The company has a 50 day simple moving average of $38.50 and a 200 day simple moving average of $38.10. The firm has a market cap of $1.31 billion, a PE ratio of 16.33 and a beta of 0.67. 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 released its quarterly earnings results on Monday, August 4th. The basic materials company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.29). Andersons had a return on equity of 5.28% and a net margin of 0.70%.The firm had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $2.86 billion. During the same quarter in the previous year, the business posted $1.05 EPS. The firm's revenue for the quarter was up 12.2% compared to the same quarter last year. On average, research analysts forecast that The Andersons, Inc. will post 3.11 EPS for the current year.

Andersons Announces Dividend

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