Andersons Inc (ANDE) Stake Raised by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. increased its position in shares of Andersons Inc (NASDAQ:ANDE) by 22.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 346,839 shares of the basic materials company’s stock after acquiring an additional 64,205 shares during the period. Schwab Charles Investment Management Inc. owned about 1.22% of Andersons worth $11,880,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the business. IndexIQ Advisors LLC raised its stake in Andersons by 413.0% during the third quarter. IndexIQ Advisors LLC now owns 3,360 shares of the basic materials company’s stock worth $115,000 after buying an additional 2,705 shares during the last quarter. Sei Investments Co. raised its stake in Andersons by 25.0% during the second quarter. Sei Investments Co. now owns 5,027 shares of the basic materials company’s stock worth $172,000 after buying an additional 1,006 shares during the last quarter. SG Americas Securities LLC raised its stake in Andersons by 82.7% during the third quarter. SG Americas Securities LLC now owns 5,498 shares of the basic materials company’s stock worth $188,000 after buying an additional 2,489 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in Andersons by 10.2% during the second quarter. Public Employees Retirement System of Ohio now owns 5,928 shares of the basic materials company’s stock worth $202,000 after buying an additional 549 shares during the last quarter. Finally, Aperio Group LLC raised its stake in Andersons by 1.7% during the second quarter. Aperio Group LLC now owns 7,264 shares of the basic materials company’s stock worth $248,000 after buying an additional 119 shares during the last quarter. Hedge funds and other institutional investors own 77.75% of the company’s stock.

Shares of Andersons Inc (NASDAQ:ANDE) opened at $32.75 on Friday. Andersons Inc has a 12 month low of $29.60 and a 12 month high of $41.45. The stock has a market cap of $905.98, a price-to-earnings ratio of -54.58 and a beta of 1.29. The company has a quick ratio of 0.56, a current ratio of 1.36 and a debt-to-equity ratio of 0.50.

Andersons (NASDAQ:ANDE) last issued its quarterly earnings data on Monday, November 6th. The basic materials company reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.07). Andersons had a positive return on equity of 3.91% and a negative net margin of 0.45%. The company had revenue of $836.60 million during the quarter, compared to the consensus estimate of $899.95 million. During the same quarter last year, the company posted $0.06 earnings per share. The firm’s revenue for the quarter was down 2.7% compared to the same quarter last year. analysts forecast that Andersons Inc will post 0.89 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 23rd. Stockholders of record on Tuesday, January 2nd will be issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date is Friday, December 29th. This is an increase from Andersons’s previous quarterly dividend of $0.16. Andersons’s dividend payout ratio (DPR) is presently -110.00%.

A number of equities research analysts have commented on ANDE shares. Zacks Investment Research upgraded shares of Andersons from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 1st. Buckingham Research cut shares of Andersons from a “buy” rating to a “neutral” rating in a report on Wednesday, November 8th. Finally, BMO Capital Markets lowered their price objective on shares of Andersons from $39.00 to $34.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 8th. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $34.50.

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About Andersons

The Andersons, Inc is a diversified company. The Company conducts business across North America in the grain, ethanol, plant nutrient and rail sectors. The Company also produces turf and cob products. The Company operates through segments, including Grain, Ethanol, Rail and Plant Nutrient. Its Grain business operates grain elevators in various states in the United States Corn Belt.

Institutional Ownership by Quarter for Andersons (NASDAQ:ANDE)

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