De Lisle Partners LLP Increases Stock Holdings in The Andersons, Inc. (NASDAQ:ANDE)

De Lisle Partners LLP increased its stake in The Andersons, Inc. (NASDAQ:ANDE) by 37.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 52,916 shares of the basic materials company’s stock after acquiring an additional 14,366 shares during the quarter. De Lisle Partners LLP owned approximately 0.15% of Andersons worth $2,270,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Northern Trust Corp boosted its holdings in Andersons by 11.0% in the 4th quarter. Northern Trust Corp now owns 615,897 shares of the basic materials company’s stock worth $24,956,000 after buying an additional 61,250 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Andersons by 21.4% during the fourth quarter. Ameriprise Financial Inc. now owns 463,548 shares of the basic materials company’s stock worth $18,783,000 after purchasing an additional 81,777 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Andersons by 10.6% in the 4th quarter. JPMorgan Chase & Co. now owns 397,691 shares of the basic materials company’s stock valued at $16,114,000 after purchasing an additional 38,020 shares in the last quarter. Bridgeway Capital Management LLC boosted its stake in Andersons by 2.6% during the 4th quarter. Bridgeway Capital Management LLC now owns 335,739 shares of the basic materials company’s stock worth $13,604,000 after purchasing an additional 8,492 shares during the last quarter. Finally, Voloridge Investment Management LLC acquired a new stake in shares of Andersons in the fourth quarter valued at about $8,651,000. Institutional investors and hedge funds own 87.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Lake Street Capital lowered their price objective on Andersons from $70.00 to $55.00 and set a “buy” rating on the stock in a research note on Thursday, May 8th. BMO Capital Markets assumed coverage on shares of Andersons in a report on Tuesday, May 6th. They issued a “market perform” rating and a $45.00 price objective for the company. Finally, Wall Street Zen downgraded shares of Andersons from a “buy” rating to a “hold” rating in a research note on Thursday, May 15th.

Andersons Price Performance

ANDE stock opened at $36.09 on Tuesday. The Andersons, Inc. has a 52-week low of $31.03 and a 52-week high of $55.52. The company has a quick ratio of 0.89, a current ratio of 1.76 and a debt-to-equity ratio of 0.37. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 11.38 and a beta of 0.75. The business has a fifty day moving average of $36.33 and a two-hundred day moving average of $39.08.

Andersons (NASDAQ:ANDE) last issued its quarterly earnings data on Tuesday, May 6th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.20. The firm had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.85 billion. Andersons had a return on equity of 7.35% and a net margin of 0.97%. The company’s quarterly revenue was down 2.3% on a year-over-year basis. During the same period last year, the company earned $0.16 EPS. As a group, research analysts anticipate that The Andersons, Inc. will post 3.11 earnings per share for the current year.

Andersons Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 22nd. Investors of record on Tuesday, July 1st were given a dividend of $0.195 per share. The ex-dividend date of this dividend was Tuesday, July 1st. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.16%. Andersons’s payout ratio is currently 24.61%.

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.