The Andersons, Inc. (NASDAQ:ANDE) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado lowered its holdings in The Andersons, Inc. (NASDAQ:ANDE) by 6.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,575 shares of the basic materials company’s stock after selling 304 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Andersons were worth $227,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in ANDE. American Century Companies Inc. lifted its stake in shares of Andersons by 16.8% in the second quarter. American Century Companies Inc. now owns 933,968 shares of the basic materials company’s stock valued at $46,325,000 after purchasing an additional 134,126 shares during the period. Victory Capital Management Inc. lifted 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 period. Goldman Sachs Group Inc. boosted its stake in shares of Andersons by 11.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 349,172 shares of the basic materials company’s stock worth $20,091,000 after acquiring an additional 36,146 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Andersons by 1.8% in 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 acquiring an additional 5,983 shares during the period. Finally, Bridgeway Capital Management LLC increased 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 purchasing an additional 11,025 shares in the last quarter. 87.06% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com lowered Andersons from a “buy” rating to a “hold” rating in a report on Wednesday.

Andersons Stock Performance

NASDAQ:ANDE opened at $50.08 on Friday. 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 company has a market capitalization of $1.71 billion, a P/E ratio of 14.15 and a beta of 0.57. The firm has a 50-day moving average price of $49.71 and a two-hundred day moving average price of $51.82. The Andersons, Inc. has a twelve month low of $44.65 and a twelve month high of $61.46.

Andersons (NASDAQ:ANDE) last issued its quarterly earnings data on Tuesday, August 6th. The basic materials company reported $1.05 earnings per share (EPS) 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 analyst estimates of $3.20 billion. Andersons had a return on equity of 6.99% and a net margin of 0.83%. The company’s revenue for the quarter was down 30.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.52 earnings per share.

Andersons Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 1st will be given a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $0.76 annualized dividend and a dividend yield of 1.52%. Andersons’s dividend payout ratio is currently 21.47%.

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.