The Andersons, Inc. $ANDE Shares Sold by Comerica Bank

Comerica Bank reduced its stake in shares of The Andersons, Inc. (NASDAQ:ANDE) by 36.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,545 shares of the basic materials company’s stock after selling 13,064 shares during the period. Comerica Bank’s holdings in Andersons were worth $968,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of ANDE. Voloridge Investment Management LLC acquired a new position in shares of Andersons in the 4th quarter valued at about $8,651,000. Millennium Management LLC boosted its holdings in shares of Andersons by 3,547.8% in the 4th quarter. Millennium Management LLC now owns 204,532 shares of the basic materials company’s stock valued at $8,288,000 after buying an additional 198,925 shares during the period. D. E. Shaw & Co. Inc. acquired a new position in shares of Andersons in the 4th quarter valued at about $7,354,000. Nuveen LLC acquired a new position in shares of Andersons in the 1st quarter valued at about $5,439,000. Finally, Vanguard Group Inc. boosted its holdings in shares of Andersons by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 4,113,185 shares of the basic materials company’s stock valued at $176,579,000 after buying an additional 115,948 shares during the period. 87.06% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of Andersons from a “buy” rating to a “hold” rating in a report on Thursday, May 15th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Andersons currently has a consensus rating of “Moderate Buy” and a consensus price target of $51.67.

Andersons Stock Performance

Shares of ANDE opened at $41.40 on Friday. The firm’s 50 day moving average is $38.12 and its 200-day moving average is $38.47. The stock has a market capitalization of $1.42 billion, a P/E ratio of 17.62 and a beta of 0.67. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.01 and a quick ratio of 1.30. The Andersons, Inc. has a 12-month low of $31.03 and a 12-month high of $51.58.

Andersons (NASDAQ:ANDE) last announced its quarterly earnings data on Monday, August 4th. The basic materials company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.29). The business had revenue of $3.14 billion during the quarter, compared to analyst estimates of $2.86 billion. Andersons had a return on equity of 5.28% and a net margin of 0.70%.The business’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.05 EPS. Equities research analysts anticipate that The Andersons, Inc. will post 3.11 EPS for the current fiscal year.

Andersons Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Wednesday, October 1st will be given a $0.195 dividend. This represents a $0.78 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Wednesday, October 1st. Andersons’s dividend payout ratio (DPR) is 33.19%.

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.