Truvestments Capital LLC Reduces Holdings in The Andersons, Inc. (NASDAQ:ANDE)

Truvestments Capital LLC reduced its stake in The Andersons, Inc. (NASDAQ:ANDE) by 66.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,520 shares of the basic materials company’s stock after selling 4,978 shares during the quarter. Truvestments Capital LLC’s holdings in Andersons were worth $145,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of ANDE. Vanguard Group Inc. increased its holdings in Andersons by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 3,971,447 shares of the basic materials company’s stock worth $204,569,000 after buying an additional 47,494 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of Andersons by 111.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 88,336 shares of the basic materials company’s stock valued at $5,083,000 after acquiring an additional 46,587 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Andersons by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,818,680 shares of the basic materials company’s stock worth $162,189,000 after acquiring an additional 46,203 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Andersons by 11.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 349,172 shares of the basic materials company’s stock worth $20,091,000 after purchasing an additional 36,146 shares during the last quarter. Finally, CWM LLC lifted its position in Andersons by 8,577.4% during the fourth quarter. CWM LLC now owns 19,611 shares of the basic materials company’s stock valued at $1,128,000 after purchasing an additional 19,385 shares during the period. 87.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Andersons from a “buy” rating to a “hold” rating in a research report on Thursday, May 9th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $62.50.

Andersons Stock Performance

Shares of NASDAQ ANDE traded up $0.75 during midday trading on Friday, reaching $54.98. 151,787 shares of the stock were exchanged, compared to its average volume of 167,387. The company has a quick ratio of 1.13, a current ratio of 2.04 and a debt-to-equity ratio of 0.38. The firm has a market cap of $1.87 billion, a price-to-earnings ratio of 15.53 and a beta of 0.61. The firm has a 50-day simple moving average of $50.20 and a two-hundred day simple moving average of $53.02. The Andersons, Inc. has a twelve month low of $45.07 and a twelve month high of $61.46.

Andersons (NASDAQ:ANDE) last announced its quarterly earnings results on Tuesday, May 7th. The basic materials company reported $0.16 earnings per share (EPS) for the quarter. Andersons had a net margin of 0.89% and a return on equity of 7.93%. The firm had revenue of $2.72 billion for the quarter.

Andersons Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 22nd. Investors of record on Monday, July 1st were paid a $0.19 dividend. The ex-dividend date of this dividend was Monday, July 1st. This represents a $0.76 annualized dividend and a dividend yield of 1.38%. Andersons’s dividend payout ratio is presently 21.47%.

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.