Public Sector Pension Investment Board Increases Stake in The Andersons, Inc. (NASDAQ:ANDE)

Public Sector Pension Investment Board grew its holdings in shares of The Andersons, Inc. (NASDAQ:ANDE) by 8.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 69,912 shares of the basic materials company’s stock after purchasing an additional 5,362 shares during the quarter. Public Sector Pension Investment Board’s holdings in Andersons were worth $3,468,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Pacer Advisors Inc. lifted its position in Andersons by 8.8% during the second quarter. Pacer Advisors Inc. now owns 3,737,703 shares of the basic materials company’s stock worth $185,390,000 after buying an additional 303,711 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Andersons by 16.8% during the 2nd quarter. American Century Companies Inc. now owns 933,968 shares of the basic materials company’s stock worth $46,325,000 after acquiring an additional 134,126 shares during the period. Victory Capital Management Inc. boosted its position in shares of Andersons by 8.7% during the 2nd quarter. Victory Capital Management Inc. now owns 456,624 shares of the basic materials company’s stock valued at $22,649,000 after acquiring an additional 36,594 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Andersons by 11.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 349,172 shares of the basic materials company’s stock worth $20,091,000 after purchasing an additional 36,146 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in Andersons by 13.1% during the second quarter. Renaissance Technologies LLC now owns 159,576 shares of the basic materials company’s stock worth $7,915,000 after purchasing an additional 18,500 shares during the period. Hedge funds and other institutional investors own 87.06% of the company’s stock.

Andersons Stock Performance

Shares of Andersons stock opened at $50.08 on Friday. The business’s fifty day simple moving average is $49.71 and its 200-day simple moving average is $51.84. The company has a quick ratio of 1.44, a current ratio of 2.07 and a debt-to-equity ratio of 0.36. The firm has a market cap of $1.71 billion, a PE ratio of 14.15 and a beta of 0.57. The Andersons, Inc. has a 52 week low of $44.65 and a 52 week high of $61.46.

Andersons (NASDAQ:ANDE) last announced its earnings results 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). The company had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $3.20 billion. Andersons had a return on equity of 6.99% and a net margin of 0.83%. The company’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 Dividend Announcement

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

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Andersons from a “buy” rating to a “hold” rating in a research note on Wednesday.

Andersons Company 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.