Pacer Advisors Inc. Acquires 303,711 Shares of The Andersons, Inc. (NASDAQ:ANDE)

Pacer Advisors Inc. lifted its holdings in shares of The Andersons, Inc. (NASDAQ:ANDE) by 8.8% in the second quarter, according to its most recent filing with the SEC. The firm owned 3,737,703 shares of the basic materials company’s stock after acquiring an additional 303,711 shares during the period. Pacer Advisors Inc. owned approximately 10.98% of Andersons worth $185,390,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. American Century Companies Inc. raised its position in Andersons by 16.8% in 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 in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Andersons by 8.7% in the 2nd quarter. Victory Capital Management Inc. now owns 456,624 shares of the basic materials company’s stock worth $22,649,000 after buying an additional 36,594 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings 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 worth $20,091,000 after buying an additional 36,146 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Andersons by 1.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 336,714 shares of the basic materials company’s stock worth $16,701,000 after buying an additional 5,983 shares during the period. Finally, Bridgeway Capital Management LLC boosted its stake in Andersons by 3.7% in the 1st quarter. Bridgeway Capital Management LLC now owns 307,465 shares of the basic materials company’s stock valued at $17,639,000 after buying an additional 11,025 shares in the last quarter. 87.06% of the stock is currently owned by institutional investors and hedge funds.

Andersons Price Performance

Shares of Andersons stock opened at $49.91 on Friday. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of 14.10 and a beta of 0.57. The firm’s 50-day moving average price is $49.79 and its two-hundred day moving average price is $52.01. 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 Andersons, Inc. has a 1-year low of $44.65 and a 1-year high of $61.46.

Andersons (NASDAQ:ANDE) last released its quarterly earnings results on Tuesday, August 6th. The basic materials company reported $1.05 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter last year, the company earned $1.52 earnings per share. The firm’s revenue was down 30.5% on a year-over-year basis.

Andersons Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 22nd. Investors of record on Tuesday, October 1st will be issued a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.52%. Andersons’s dividend payout ratio is 21.47%.

Analyst Ratings Changes

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

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.