Empowered Funds LLC Acquires 1,558 Shares of The Andersons, Inc. $ANDE

Empowered Funds LLC boosted its holdings in shares of The Andersons, Inc. (NASDAQ:ANDE) by 0.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 233,771 shares of the basic materials company’s stock after purchasing an additional 1,558 shares during the period. Empowered Funds LLC owned 0.68% of Andersons worth $9,990,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. UniSuper Management Pty Ltd bought a new stake in Andersons during the 1st quarter worth about $999,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Andersons by 4.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,425 shares of the basic materials company’s stock worth $834,000 after purchasing an additional 866 shares in the last quarter. Bridgeway Capital Management LLC grew its stake in shares of Andersons by 1.1% during the first quarter. Bridgeway Capital Management LLC now owns 339,311 shares of the basic materials company’s stock valued at $14,567,000 after purchasing an additional 3,572 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Andersons by 5.5% during the first quarter. AQR Capital Management LLC now owns 40,727 shares of the basic materials company’s stock valued at $1,748,000 after purchasing an additional 2,137 shares during the last quarter. Finally, EP Wealth Advisors LLC increased its holdings in shares of Andersons by 65.4% in the first quarter. EP Wealth Advisors LLC now owns 10,847 shares of the basic materials company’s stock valued at $466,000 after purchasing an additional 4,290 shares in the last quarter. 87.06% of the stock is currently owned by institutional investors and hedge funds.

Andersons Price Performance

ANDE opened at $39.96 on Wednesday. The company has a fifty day moving average price of $38.25 and a two-hundred day moving average price of $38.33. The firm has a market capitalization of $1.37 billion, a PE ratio of 17.00 and a beta of 0.67. The Andersons, Inc. has a 52 week low of $31.03 and a 52 week high of $51.58. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.30 and a current ratio of 2.01.

Andersons (NASDAQ:ANDE) last posted its quarterly earnings results on Monday, August 4th. The basic materials company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.29). Andersons had a return on equity of 5.28% and a net margin of 0.70%.The company had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $2.86 billion. During the same quarter in the prior year, the business earned $1.05 earnings per share. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. As a group, analysts anticipate that The Andersons, Inc. will post 3.11 earnings per share for the current year.

Andersons Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be issued a dividend of $0.195 per share. The ex-dividend date is Wednesday, October 1st. This represents a $0.78 dividend on an annualized basis and a yield of 2.0%. Andersons’s dividend payout ratio (DPR) is 33.19%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded Andersons from a “buy” rating to a “hold” rating in a report on Thursday, May 15th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $51.67.

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.