BNP Paribas Arbitrage SA cut its stake in shares of The Andersons Inc. (NASDAQ:ANDE) by 44.3% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 5,052 shares of the company’s stock after selling 4,019 shares during the period. BNP Paribas Arbitrage SA’s holdings in The Andersons were worth $183,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ANDE. Emerald Acquisition Ltd. bought a new position in The Andersons during the second quarter valued at $22,446,000. Victory Capital Management Inc. boosted its position in The Andersons by 16.1% in the second quarter. Victory Capital Management Inc. now owns 1,624,255 shares of the company’s stock valued at $57,726,000 after buying an additional 225,625 shares during the period. Bank of Montreal Can bought a new position in The Andersons during the second quarter valued at $7,165,000. Hillcrest Asset Management LLC bought a new position in The Andersons during the first quarter valued at $4,612,000. Finally, Renaissance Technologies LLC boosted its position in The Andersons by 25.1% in the first quarter. Renaissance Technologies LLC now owns 500,376 shares of the company’s stock valued at $15,717,000 after buying an additional 100,476 shares during the period. Institutional investors own 74.86% of the company’s stock.
Shares of The Andersons Inc. (NASDAQ:ANDE) opened at 36.15 on Friday. The stock has a 50 day moving average of $35.88 and a 200-day moving average of $34.26. The Andersons Inc. has a 12 month low of $23.25 and a 12 month high of $38.74. The company’s market cap is $1.02 billion.
The Andersons (NASDAQ:ANDE) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by $0.07. The Andersons had a positive return on equity of 0.45% and a negative net margin of 1.19%. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter in the previous year, the business posted $1.09 EPS. The firm’s revenue for the quarter was down 10.4% compared to the same quarter last year. On average, analysts forecast that The Andersons Inc. will post $1.00 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 24th. Shareholders of record on Monday, October 3rd will be issued a dividend of $0.155 per share. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $0.62 annualized dividend and a yield of 1.72%. The Andersons’s payout ratio is -35.84%.
Several research analysts have recently weighed in on ANDE shares. Buckingham Research upgraded shares of The Andersons from a “neutral” rating to a “buy” rating and upped their price target for the company from $40.00 to $42.00 in a report on Monday, September 26th. Zacks Investment Research cut shares of The Andersons from a “buy” rating to a “hold” rating in a report on Monday, August 1st. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The Andersons currently has an average rating of “Buy” and a consensus target price of $39.75.
The Andersons Company Profile
The Andersons, Inc is a diversified company. The Company conducts business across North America in the grain, ethanol, plant nutrient and rail sectors. The Company also produces turf and cob products, and has a consumer retailing presence. The Company operates through five segments: Grain, Ethanol, Rail, Plant Nutrient and Retail.
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