The Andersons, Inc. (NASDAQ:ANDE) Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System lowered its position in shares of The Andersons, Inc. (NASDAQ:ANDE) by 3.1% in the third quarter, HoldingsChannel.com reports. The firm owned 15,500 shares of the basic materials company’s stock after selling 500 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Andersons were worth $777,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of ANDE. Pacer Advisors Inc. lifted its holdings in Andersons by 8.8% during the 2nd 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 during the last quarter. American Century Companies Inc. lifted its stake in Andersons by 16.8% during the second quarter. American Century Companies Inc. now owns 933,968 shares of the basic materials company’s stock worth $46,325,000 after purchasing an additional 134,126 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Andersons by 8.7% in the second quarter. Victory Capital Management Inc. now owns 456,624 shares of the basic materials company’s stock valued at $22,649,000 after purchasing an additional 36,594 shares in the last quarter. Bank of New York Mellon Corp grew its position 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 valued at $16,701,000 after buying an additional 5,983 shares during the last quarter. Finally, Bridgeway Capital Management LLC increased its position in shares of Andersons by 3.7% during the first quarter. Bridgeway Capital Management LLC now owns 307,465 shares of the basic materials company’s stock worth $17,639,000 after purchasing an additional 11,025 shares in the last quarter. Hedge funds and other institutional investors own 87.06% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised Andersons from a “hold” rating to a “buy” rating in a research report on Thursday, October 24th.

Andersons Stock Performance

Shares of Andersons stock opened at $45.82 on Tuesday. The firm’s fifty day simple moving average is $48.55 and its 200-day simple moving average is $50.32. The Andersons, Inc. has a 12 month low of $44.65 and a 12 month high of $61.46. The stock has a market capitalization of $1.56 billion, a price-to-earnings ratio of 15.38 and a beta of 0.60. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.07 and a quick ratio of 1.44.

Andersons (NASDAQ:ANDE) last announced its earnings results on Tuesday, August 6th. The basic materials company reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.04). Andersons had a net margin of 0.83% and a return on equity of 6.99%. The business had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $3.20 billion. During the same period in the previous year, the company posted $1.52 earnings per share. Andersons’s quarterly revenue was down 30.5% on a year-over-year basis.

Andersons Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 1st were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $0.76 dividend on an annualized basis and a yield of 1.66%. Andersons’s payout ratio is 25.50%.

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.