Tidal Investments LLC reduced its holdings in The Andersons, Inc. (NASDAQ:ANDE – Free Report) by 24.9% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,024 shares of the basic materials company’s stock after selling 1,336 shares during the quarter. Tidal Investments LLC’s holdings in Andersons were worth $231,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in the business. CWM LLC increased its holdings in shares of Andersons by 8,577.4% during the fourth quarter. CWM LLC now owns 19,611 shares of the basic materials company’s stock valued at $1,128,000 after acquiring an additional 19,385 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Andersons by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 683,933 shares of the basic materials company’s stock valued at $39,354,000 after acquiring an additional 18,482 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Andersons by 111.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 88,336 shares of the basic materials company’s stock valued at $5,083,000 after acquiring an additional 46,587 shares in the last quarter. Chesapeake Capital Corp IL bought a new stake in shares of Andersons during the fourth quarter valued at approximately $999,000. Finally, Cornercap Investment Counsel Inc. increased its holdings in shares of Andersons by 1.6% during the fourth quarter. Cornercap Investment Counsel Inc. now owns 13,790 shares of the basic materials company’s stock valued at $793,000 after acquiring an additional 222 shares in the last quarter. 87.06% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Separately, StockNews.com upgraded Andersons from a “hold” rating to a “buy” rating in a report on Thursday.
Get Our Latest Stock Analysis on ANDE
Andersons Stock Down 2.2 %
Shares of NASDAQ:ANDE opened at $47.08 on Friday. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of 13.30 and a beta of 0.61. The company has a quick ratio of 1.13, a current ratio of 2.04 and a debt-to-equity ratio of 0.38. The Andersons, Inc. has a 12-month low of $45.07 and a 12-month high of $61.46. The business’s 50 day moving average is $49.94 and its 200 day moving average is $52.89.
Andersons (NASDAQ:ANDE – Get Free Report) last announced its earnings results on Tuesday, August 6th. The basic materials company reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by ($0.04). The company had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $3.20 billion. Andersons had a net margin of 0.89% and a return on equity of 7.93%. The firm’s quarterly revenue was down 30.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.52 EPS.
Andersons Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, July 22nd. Investors of record on Monday, July 1st were given a dividend of $0.19 per share. The ex-dividend date was Monday, July 1st. This represents a $0.76 annualized dividend and a dividend yield of 1.61%. Andersons’s payout ratio is 21.47%.
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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