Texas Permanent School Fund Corp Purchases 5,198 Shares of The Andersons, Inc. (NASDAQ:ANDE)

Texas Permanent School Fund Corp increased its stake in shares of The Andersons, Inc. (NASDAQ:ANDE) by 18.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 32,758 shares of the basic materials company’s stock after purchasing an additional 5,198 shares during the quarter. Texas Permanent School Fund Corp owned 0.10% of Andersons worth $1,625,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Victory Capital Management Inc. grew its position in Andersons by 8.7% in the 2nd quarter. Victory Capital Management Inc. now owns 456,624 shares of the basic materials company’s stock valued at $22,649,000 after acquiring an additional 36,594 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Andersons by 11.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 349,172 shares of the basic materials company’s stock worth $20,091,000 after acquiring an additional 36,146 shares during the period. Chesapeake Capital Corp IL purchased a new position in Andersons during the fourth quarter worth approximately $999,000. Gryphon Financial Partners LLC purchased a new position in shares of Andersons in the fourth quarter valued at approximately $863,000. Finally, Hantz Financial Services Inc. purchased a new position in Andersons during the second quarter worth approximately $634,000. Institutional investors own 87.06% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Andersons Stock Performance

ANDE opened at $49.06 on Thursday. The stock has a market cap of $1.67 billion, a P/E ratio of 13.86 and a beta of 0.57. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.07 and a quick ratio of 1.44. The stock’s 50 day simple moving average is $49.70 and its 200 day simple moving average is $52.05. The Andersons, Inc. has a 1-year low of $44.65 and a 1-year high of $61.46.

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

Andersons Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 1st will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $0.76 annualized dividend and a dividend yield of 1.55%. 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.