Russell Investments Group Ltd. raised its holdings in Andersons Inc (NASDAQ:ANDE) by 43.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 276,936 shares of the basic materials company’s stock after acquiring an additional 83,866 shares during the period. Russell Investments Group Ltd. owned approximately 0.98% of Andersons worth $9,470,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new stake in shares of Andersons during the 1st quarter worth approximately $153,000. Piedmont Investment Advisors LLC acquired a new stake in shares of Andersons during the 2nd quarter worth approximately $212,000. Candriam Luxembourg S.C.A. acquired a new stake in shares of Andersons during the 1st quarter worth approximately $232,000. Sei Investments Co. increased its holdings in shares of Andersons by 4,996.6% during the 2nd quarter. Sei Investments Co. now owns 7,390 shares of the basic materials company’s stock worth $253,000 after buying an additional 7,245 shares during the last quarter. Finally, Barclays PLC increased its holdings in shares of Andersons by 50.3% during the 1st quarter. Barclays PLC now owns 8,284 shares of the basic materials company’s stock worth $274,000 after buying an additional 2,773 shares during the last quarter. Institutional investors own 81.64% of the company’s stock.

Andersons stock opened at $40.10 on Friday. Andersons Inc has a fifty-two week low of $29.60 and a fifty-two week high of $41.70. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.34 and a quick ratio of 0.58. The company has a market capitalization of $1.13 billion, a P/E ratio of 28.40 and a beta of 1.35.

Andersons (NASDAQ:ANDE) last posted its earnings results on Tuesday, August 7th. The basic materials company reported $0.76 earnings per share for the quarter. Andersons had a net margin of 2.68% and a return on equity of 4.92%. The firm had revenue of $911.40 million during the quarter. sell-side analysts expect that Andersons Inc will post 1.88 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 22nd. Investors of record on Monday, October 1st will be issued a $0.165 dividend. The ex-dividend date is Friday, September 28th. This represents a $0.66 annualized dividend and a yield of 1.65%. Andersons’s dividend payout ratio (DPR) is presently 57.39%.

In related news, insider Corbett J. Jorgenson sold 1,300 shares of Andersons stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $37.90, for a total value of $49,270.00. Following the completion of the sale, the insider now owns 18,399 shares in the company, valued at approximately $697,322.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.50% of the stock is currently owned by company insiders.

A number of analysts have recently issued reports on ANDE shares. BidaskClub upgraded shares of Andersons from a “hold” rating to a “buy” rating in a report on Monday, June 18th. Buckingham Research raised their price target on shares of Andersons from $35.00 to $40.00 and gave the stock a “neutral” rating in a report on Thursday, August 9th. TheStreet upgraded shares of Andersons from a “c” rating to a “b” rating in a report on Friday, August 10th. BMO Capital Markets lifted their target price on shares of Andersons from $36.00 to $40.00 and gave the company a “market perform” rating in a report on Thursday, August 9th. Finally, Zacks Investment Research downgraded shares of Andersons from a “hold” rating to a “sell” rating in a report on Wednesday, August 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. Andersons currently has an average rating of “Hold” and a consensus target price of $41.33.

Andersons Company Profile

The Andersons, Inc, an agriculture company, operates in the grain, ethanol, plant nutrient, and rail sectors in the United States and internationally. The company's Grain segment operates grain elevators; stores grains; and provides grain marketing, risk management, and corn origination services to its customers and affiliated ethanol facilities.

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Institutional Ownership by Quarter for Andersons (NASDAQ:ANDE)

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