Comerica Bank decreased its position in shares of Andersons Inc (NASDAQ:ANDE) by 5.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,196 shares of the basic materials company’s stock after selling 1,514 shares during the quarter. Comerica Bank owned approximately 0.08% of Andersons worth $684,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Crossmark Global Holdings Inc. boosted its position in Andersons by 4.8% during the second quarter. Crossmark Global Holdings Inc. now owns 12,660 shares of the basic materials company’s stock valued at $345,000 after purchasing an additional 580 shares in the last quarter. Texas Permanent School Fund raised its stake in shares of Andersons by 3.8% in the first quarter. Texas Permanent School Fund now owns 17,874 shares of the basic materials company’s stock worth $576,000 after purchasing an additional 651 shares during the last quarter. IndexIQ Advisors LLC raised its stake in shares of Andersons by 46.7% in the first quarter. IndexIQ Advisors LLC now owns 2,697 shares of the basic materials company’s stock worth $87,000 after purchasing an additional 859 shares during the last quarter. Resources Investment Advisors Inc. purchased a new position in shares of Andersons in the first quarter worth about $31,000. Finally, Rhumbline Advisers raised its stake in shares of Andersons by 1.7% in the first quarter. Rhumbline Advisers now owns 83,268 shares of the basic materials company’s stock worth $2,684,000 after purchasing an additional 1,390 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ:ANDE traded up $0.65 during trading on Friday, reaching $27.77. The stock had a trading volume of 24,315 shares, compared to its average volume of 226,299. Andersons Inc has a 1-year low of $21.86 and a 1-year high of $39.53. The stock has a market cap of $835.54 million, a PE ratio of 15.82 and a beta of 1.23. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.78 and a current ratio of 1.36. The business has a fifty day moving average price of $24.51 and a 200-day moving average price of $29.04.
Andersons (NASDAQ:ANDE) last announced its quarterly earnings data on Tuesday, August 6th. The basic materials company reported $0.98 EPS for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.31. Andersons had a return on equity of 5.29% and a net margin of 0.64%. The firm had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.37 billion. During the same quarter last year, the business posted $0.76 earnings per share. The firm’s revenue was up 155.1% compared to the same quarter last year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 1st will be given a $0.17 dividend. The ex-dividend date is Monday, September 30th. This represents a $0.68 dividend on an annualized basis and a yield of 2.45%.
ANDE has been the topic of several analyst reports. BidaskClub raised Andersons from a “strong sell” rating to a “sell” rating in a report on Thursday. Buckingham Research set a $30.00 target price on Andersons and gave the stock a “hold” rating in a report on Wednesday, June 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $30.00.
Andersons Company Profile
The Andersons, Inc, an agriculture company, operates in the grain, ethanol, plant nutrient, and rail sectors in the United States and internationally. The company's Grain segment operates grain elevators; stores grains; and provides grain marketing, risk management, and corn origination services to its customers and affiliated ethanol facilities.
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