James Investment Research Inc. Boosts Stake in The Andersons, Inc. (NASDAQ:ANDE)

James Investment Research Inc. raised its position in The Andersons, Inc. (NASDAQ:ANDE) by 7.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,478 shares of the basic materials company’s stock after buying an additional 675 shares during the period. James Investment Research Inc.’s holdings in Andersons were worth $475,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. increased its stake in shares of 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 purchasing an additional 303,711 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Andersons by 16.8% during the 2nd 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. increased its stake in shares of Andersons by 8.7% during the 2nd quarter. Victory Capital Management Inc. now owns 456,624 shares of the basic materials company’s stock worth $22,649,000 after purchasing an additional 36,594 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Andersons by 1.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 336,714 shares of the basic materials company’s stock worth $16,701,000 after purchasing an additional 5,983 shares during the last quarter. Finally, Bridgeway Capital Management LLC increased its stake in shares of Andersons by 3.7% during the 1st 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 during the last quarter. Hedge funds and other institutional investors own 87.06% of the company’s stock.

Andersons Stock Down 0.4 %

Andersons stock opened at $45.20 on Friday. The Andersons, Inc. has a 1-year low of $44.65 and a 1-year high of $61.46. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of 15.17 and a beta of 0.57. The company has a current ratio of 2.07, a quick ratio of 1.44 and a debt-to-equity ratio of 0.36. The firm has a 50 day simple moving average of $48.55 and a 200 day simple moving average of $50.41.

Andersons (NASDAQ:ANDE) last released its quarterly earnings data on Tuesday, August 6th. The basic materials company reported $1.05 earnings per share 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 quarter in the prior year, the firm posted $1.52 earnings per share. The firm’s quarterly revenue was down 30.5% on a year-over-year basis.

Andersons Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 1st were paid a $0.19 dividend. The ex-dividend date was Tuesday, October 1st. This represents a $0.76 dividend on an annualized basis and a yield of 1.68%. Andersons’s dividend payout ratio is 25.50%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Andersons from a “hold” rating to a “buy” rating in a research note on Thursday, October 24th.

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.