The Andersons, Inc. (NASDAQ:ANDE) Shares Sold by Rhumbline Advisers

Rhumbline Advisers cut its stake in shares of The Andersons, Inc. (NASDAQ:ANDE) by 1.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 101,680 shares of the basic materials company’s stock after selling 1,135 shares during the period. Rhumbline Advisers owned approximately 0.30% of Andersons worth $5,043,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. nVerses Capital LLC acquired a new stake in shares of Andersons in the 2nd quarter worth $25,000. GAMMA Investing LLC raised its holdings in Andersons by 65.8% during the first quarter. GAMMA Investing LLC now owns 524 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 208 shares in the last quarter. Creekmur Asset Management LLC acquired a new stake in Andersons in the fourth quarter valued at about $41,000. Larson Financial Group LLC purchased a new stake in Andersons in the 1st quarter valued at approximately $57,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in Andersons by 323.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,084 shares of the basic materials company’s stock valued at $60,000 after purchasing an additional 828 shares in the last quarter. 87.06% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised Andersons from a “hold” rating to a “buy” rating in a research note on Wednesday, September 4th.

Andersons Price Performance

Shares of NASDAQ ANDE opened at $47.90 on Monday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.44 and a current ratio of 2.07. The Andersons, Inc. has a one year low of $44.65 and a one year high of $61.46. The firm has a market capitalization of $1.63 billion, a P/E ratio of 13.53 and a beta of 0.57. The company’s fifty day moving average is $49.65 and its two-hundred day moving average is $52.14.

Andersons (NASDAQ:ANDE) last issued its earnings results on Tuesday, August 6th. The basic materials company reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.09 by ($0.04). Andersons had a return on equity of 6.99% and a net margin of 0.83%. The company had revenue of $2.80 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same quarter in the previous year, the company posted $1.52 earnings per share. The company’s quarterly revenue was down 30.5% compared to the same quarter last year.

Andersons Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 22nd. Investors of record on Tuesday, October 1st will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.59%. The ex-dividend date is Tuesday, October 1st. Andersons’s payout ratio is currently 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.