New York State Teachers Retirement System Has $3.24 Million Holdings in The Andersons, Inc. (NASDAQ:ANDE)

New York State Teachers Retirement System reduced its position in The Andersons, Inc. (NASDAQ:ANDE) by 3.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 64,513 shares of the basic materials company’s stock after selling 2,302 shares during the period. New York State Teachers Retirement System owned about 0.19% of Andersons worth $3,235,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Summit Place Financial Advisors LLC boosted its stake in shares of Andersons by 5.9% during the 3rd quarter. Summit Place Financial Advisors LLC now owns 22,186 shares of the basic materials company’s stock worth $1,112,000 after acquiring an additional 1,230 shares in the last quarter. Inspire Advisors LLC boosted its stake in shares of Andersons by 11.8% during the 3rd quarter. Inspire Advisors LLC now owns 4,547 shares of the basic materials company’s stock worth $228,000 after acquiring an additional 480 shares in the last quarter. Creative Planning boosted its stake in shares of Andersons by 6.2% during the 3rd quarter. Creative Planning now owns 5,261 shares of the basic materials company’s stock worth $264,000 after acquiring an additional 309 shares in the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of Andersons by 21.3% during the 3rd quarter. Exchange Traded Concepts LLC now owns 19,851 shares of the basic materials company’s stock worth $995,000 after acquiring an additional 3,490 shares in the last quarter. Finally, Inspire Investing LLC boosted its stake in shares of Andersons by 15.5% during the 3rd quarter. Inspire Investing LLC now owns 9,191 shares of the basic materials company’s stock worth $461,000 after acquiring an additional 1,234 shares in the last quarter. 87.06% of the stock is owned by institutional investors and hedge funds.

Andersons Price Performance

Shares of NASDAQ:ANDE opened at $48.86 on Thursday. The business has a 50 day moving average price of $48.32 and a 200 day moving average price of $50.14. The Andersons, Inc. has a twelve month low of $41.76 and a twelve month high of $61.46. The company has a market cap of $1.66 billion, a price-to-earnings ratio of 14.57 and a beta of 0.60. The company has a quick ratio of 1.44, a current ratio of 2.07 and a debt-to-equity ratio of 0.36.

Andersons (NASDAQ:ANDE) last announced its earnings results on Monday, November 4th. The basic materials company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.37. Andersons had a return on equity of 6.99% and a net margin of 0.83%. The firm had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter in the prior year, the company earned $0.13 EPS. The firm’s revenue for the quarter was down 27.9% compared to the same quarter last year.

Andersons Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 1st were issued a $0.19 dividend. The ex-dividend date was Tuesday, October 1st. This represents a $0.76 annualized dividend and a yield of 1.56%. Andersons’s dividend payout ratio (DPR) is 25.50%.

Analyst Ratings Changes

Separately, StockNews.com downgraded Andersons from a “buy” rating to a “hold” rating in a research note on Tuesday.

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.