Dimensional Fund Advisors LP Has $138.24 Million Holdings in The Andersons, Inc. (NASDAQ:ANDE)

Dimensional Fund Advisors LP reduced its position in The Andersons, Inc. (NASDAQ:ANDE) by 0.7% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 2,786,981 shares of the basic materials company’s stock after selling 18,425 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.08% of Andersons worth $138,235,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Chesapeake Capital Corp IL acquired a new position in shares of Andersons during the 4th quarter valued at about $999,000. Panagora Asset Management Inc. increased its holdings in shares of Andersons by 5.2% during the 2nd quarter. Panagora Asset Management Inc. now owns 207,913 shares of the basic materials company’s stock valued at $10,312,000 after acquiring an additional 10,222 shares during the last quarter. TD Asset Management Inc increased its holdings in shares of Andersons by 18.4% during the 4th quarter. TD Asset Management Inc now owns 33,500 shares of the basic materials company’s stock valued at $1,928,000 after acquiring an additional 5,200 shares during the last quarter. Jupiter Asset Management Ltd. acquired a new position in shares of Andersons during the 1st quarter valued at about $443,000. Finally, UniSuper Management Pty Ltd acquired a new position in shares of Andersons during the 1st quarter valued at about $434,000. 87.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Andersons Stock Performance

Shares of NASDAQ 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 business’s 50-day simple moving average is $49.81 and its 200-day simple moving average is $51.97. 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 Andersons, Inc. has a 52 week low of $44.65 and a 52 week high of $61.46.

Andersons (NASDAQ:ANDE) last released its earnings results on Tuesday, August 6th. The basic materials company reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.04). The business had revenue of $2.80 billion during 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 business’s quarterly revenue was down 30.5% compared to the same quarter last year. During the same period last year, the business earned $1.52 EPS.

Andersons Announces Dividend

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

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.