Commonwealth Equity Services LLC Purchases 1,155 Shares of The Andersons, Inc. (NASDAQ:ANDE)

Commonwealth Equity Services LLC increased its position in shares of The Andersons, Inc. (NASDAQ:ANDE) by 11.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,175 shares of the basic materials company’s stock after purchasing an additional 1,155 shares during the period. Commonwealth Equity Services LLC’s holdings in Andersons were worth $554,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of ANDE. Goldman Sachs Group Inc. raised its stake in shares of Andersons by 11.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 349,172 shares of the basic materials company’s stock valued at $20,091,000 after buying an additional 36,146 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Andersons by 1.8% in the second quarter. Bank of New York Mellon Corp now owns 336,714 shares of the basic materials company’s stock valued at $16,701,000 after acquiring an additional 5,983 shares during the period. Bridgeway Capital Management LLC raised its position in Andersons by 3.7% in the first quarter. Bridgeway Capital Management LLC now owns 307,465 shares of the basic materials company’s stock worth $17,639,000 after purchasing an additional 11,025 shares in the last quarter. Panagora Asset Management Inc. boosted its holdings in Andersons by 5.2% during the second quarter. Panagora Asset Management Inc. now owns 207,913 shares of the basic materials company’s stock valued at $10,312,000 after purchasing an additional 10,222 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of Andersons by 2.8% in the 1st quarter. Principal Financial Group Inc. now owns 170,069 shares of the basic materials company’s stock valued at $9,757,000 after purchasing an additional 4,650 shares during the period. 87.06% of the stock is currently owned by institutional investors and hedge funds.

Andersons Stock Down 0.4 %

ANDE opened at $49.91 on Friday. The firm has a market cap of $1.70 billion, a price-to-earnings ratio of 14.10 and a beta of 0.57. 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 firm’s 50-day simple moving average is $49.79 and its 200-day simple moving average is $52.01. The Andersons, Inc. has a twelve month low of $44.65 and a twelve month high of $61.46.

Andersons (NASDAQ:ANDE) last issued 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 firm had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $3.20 billion. During the same period in the prior year, the company posted $1.52 earnings per share. Andersons’s quarterly revenue was down 30.5% compared to the same quarter last year.

Andersons Announces Dividend

The firm also recently disclosed 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. The ex-dividend date is Tuesday, October 1st. This represents a $0.76 annualized dividend and a yield of 1.52%. Andersons’s payout ratio is 21.47%.

Analyst Ratings Changes

Separately, StockNews.com upgraded 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.