American Century Companies Inc. Has $46.33 Million Position in The Andersons, Inc. (NASDAQ:ANDE)

American Century Companies Inc. boosted its holdings in shares of The Andersons, Inc. (NASDAQ:ANDE) by 16.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 933,968 shares of the basic materials company’s stock after buying an additional 134,126 shares during the period. American Century Companies Inc. owned approximately 2.74% of Andersons worth $46,325,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Russell Investments Group Ltd. raised its holdings in shares of Andersons by 14.4% in the 4th quarter. Russell Investments Group Ltd. now owns 10,599 shares of the basic materials company’s stock worth $610,000 after acquiring an additional 1,335 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Andersons by 2.8% in 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 purchasing an additional 18,482 shares in the last quarter. Gryphon Financial Partners LLC purchased a new position in shares of Andersons during the fourth quarter valued at approximately $863,000. US Bancorp DE bought a new stake in Andersons during the fourth quarter worth $628,000. Finally, Chesapeake Capital Corp IL purchased a new stake in Andersons in the 4th quarter valued at $999,000. 87.06% of the stock is owned by institutional investors.

Andersons Price Performance

Shares of NASDAQ ANDE opened at $48.28 on Tuesday. The company has a market capitalization of $1.64 billion, a PE ratio of 13.64 and a beta of 0.57. The company has a quick ratio of 1.44, a current ratio of 2.07 and a debt-to-equity ratio of 0.36. The stock’s 50 day moving average price is $49.65 and its 200-day moving average price is $52.09. The Andersons, Inc. has a twelve month low of $44.65 and a twelve month high of $61.46.

Andersons (NASDAQ:ANDE) last posted its quarterly earnings data 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 business had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $3.20 billion. During the same period in the prior year, the firm posted $1.52 EPS. The firm’s revenue for the quarter was down 30.5% on a year-over-year basis.

Andersons Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 22nd. Investors of record on Tuesday, October 1st will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $0.76 dividend on an annualized basis and a yield of 1.57%. Andersons’s dividend payout ratio (DPR) is presently 21.47%.

Wall Street Analyst Weigh In

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

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.