Dimensional Fund Advisors LP trimmed its position in shares of Andersons Inc (NASDAQ:ANDE) by 0.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,373,331 shares of the basic materials company’s stock after selling 20,214 shares during the period. Dimensional Fund Advisors LP owned about 0.08% of Andersons worth $81,168,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. BlackRock Inc. boosted its position in Andersons by 7.0% in the 2nd quarter. BlackRock Inc. now owns 3,694,138 shares of the basic materials company’s stock valued at $126,339,000 after buying an additional 240,683 shares during the period. Victory Capital Management Inc. boosted its position in Andersons by 5.1% in the 2nd quarter. Victory Capital Management Inc. now owns 2,817,684 shares of the basic materials company’s stock valued at $96,365,000 after buying an additional 136,069 shares during the period. Deprince Race & Zollo Inc. boosted its position in Andersons by 2.1% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 866,977 shares of the basic materials company’s stock valued at $29,651,000 after buying an additional 17,986 shares during the period. Rutabaga Capital Management LLC MA boosted its position in Andersons by 1.2% in the 2nd quarter. Rutabaga Capital Management LLC MA now owns 540,423 shares of the basic materials company’s stock valued at $18,482,000 after buying an additional 6,162 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its position in Andersons by 12.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 408,547 shares of the basic materials company’s stock valued at $13,973,000 after buying an additional 44,235 shares during the period. 81.60% of the stock is owned by institutional investors.

In other news, insider Corbett J. Jorgenson sold 1,300 shares of the company’s 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 of the company’s stock, valued at approximately $697,322.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 5.50% of the stock is currently owned by corporate insiders.

Shares of ANDE opened at $39.15 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 market capitalization of $1.10 billion, a PE ratio of 27.66 and a beta of 1.35. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.34 and a quick ratio of 0.58.

Andersons (NASDAQ:ANDE) last announced its quarterly 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. equities analysts expect that Andersons Inc will post 1.88 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 22nd. Stockholders of record on Monday, October 1st will be given a $0.165 dividend. The ex-dividend date is Friday, September 28th. This represents a $0.66 annualized dividend and a dividend yield of 1.69%. Andersons’s payout ratio is presently 57.39%.

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

About Andersons

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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