The Andersons, Inc. (NASDAQ:ANDE) Stock Position Lowered by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP cut its stake in shares of The Andersons, Inc. (NASDAQ:ANDE) by 0.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,786,981 shares of the basic materials company’s stock after selling 18,425 shares during the period. Dimensional Fund Advisors LP owned approximately 8.18% of Andersons worth $138,235,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of ANDE. American Century Companies Inc. raised its position in shares of Andersons by 16.8% during the second quarter. American Century Companies Inc. now owns 933,968 shares of the basic materials company’s stock worth $46,325,000 after purchasing an additional 134,126 shares during the period. Victory Capital Management Inc. raised its position in shares of Andersons by 8.7% during the second quarter. Victory Capital Management Inc. now owns 456,624 shares of the basic materials company’s stock worth $22,649,000 after purchasing an additional 36,594 shares during the period. Goldman Sachs Group Inc. raised its position in shares of 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 purchasing an additional 36,146 shares during the period. Chesapeake Capital Corp IL acquired a new stake in shares of Andersons during the fourth quarter worth $999,000. Finally, Gryphon Financial Partners LLC acquired a new stake in shares of Andersons during the fourth quarter worth $863,000. 87.06% of the stock is owned by institutional investors and hedge funds.

Andersons Stock Down 0.4 %

NASDAQ:ANDE opened at $49.91 on Friday. The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of 14.10 and a beta of 0.57. The Andersons, Inc. has a 1-year low of $44.65 and a 1-year high of $61.46. The company has a current ratio of 2.07, a quick ratio of 1.44 and a debt-to-equity ratio of 0.36. The business’s fifty day moving average price is $49.81 and its 200 day moving average price is $51.97.

Andersons (NASDAQ:ANDE) last posted its quarterly 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). The business had revenue of $2.80 billion for the quarter, compared to analyst estimates of $3.20 billion. Andersons had a net margin of 0.83% and a return on equity of 6.99%. 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 posted $1.52 earnings per share.

Andersons Announces Dividend

The company 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 $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend is Tuesday, October 1st. Andersons’s payout ratio is currently 21.47%.

Analyst Upgrades and Downgrades

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

Andersons 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.