Dimensional Fund Advisors LP Increases Holdings in The Andersons, Inc. (NASDAQ:ANDE)

Posted by Defense World Staff on Sep 8th, 2023

Dimensional Fund Advisors LP increased its stake in shares of The Andersons, Inc. (NASDAQ:ANDE – Free Report) by 4.1% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 2,698,679 shares of the basic materials company’s stock after acquiring an additional 106,738 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.08% of Andersons worth $111,509,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in ANDE. Millennium Management LLC increased its stake in Andersons by 822.0% during the second quarter. Millennium Management LLC now owns 502,720 shares of the basic materials company’s stock worth $16,585,000 after acquiring an additional 448,195 shares during the last quarter. Invesco Ltd. increased its stake in Andersons by 35.6% during the first quarter. Invesco Ltd. now owns 973,451 shares of the basic materials company’s stock worth $48,926,000 after acquiring an additional 255,347 shares during the last quarter. Loomis Sayles & Co. L P acquired a new stake in Andersons during the first quarter worth $7,076,000. BlackRock Inc. increased its stake in Andersons by 2.2% during the first quarter. BlackRock Inc. now owns 5,650,640 shares of the basic materials company’s stock worth $283,999,000 after acquiring an additional 120,906 shares during the last quarter. Finally, First Trust Advisors LP grew its stake in shares of Andersons by 914.7% in the fourth quarter. First Trust Advisors LP now owns 129,836 shares of the basic materials company’s stock valued at $4,543,000 after buying an additional 117,041 shares in the last quarter. Hedge funds and other institutional investors own 85.16% of the company’s stock.

Insider Activity at Andersons

In other Andersons news, CEO Patrick E. Bowe sold 2,498 shares of Andersons stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $53.45, for a total transaction of $133,518.10. Following the completion of the sale, the chief executive officer now directly owns 142,169 shares of the company’s stock, valued at approximately $7,598,933.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Andersons news, CEO Patrick E. Bowe sold 9,878 shares of Andersons stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $52.15, for a total transaction of $515,137.70. Following the completion of the sale, the chief executive officer now directly owns 132,291 shares of the company’s stock, valued at approximately $6,898,975.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Patrick E. Bowe sold 2,498 shares of Andersons stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $53.45, for a total value of $133,518.10. Following the sale, the chief executive officer now directly owns 142,169 shares of the company’s stock, valued at $7,598,933.05. The disclosure for this sale can be found here. Over the last three months, insiders sold 138,153 shares of company stock worth $7,033,450. Company insiders own 5.70% of the company’s stock.

Andersons Trading Up 0.2 %

NASDAQ:ANDE opened at $50.50 on Friday. The firm has a market cap of $1.70 billion, a PE ratio of 20.28 and a beta of 0.76. The stock has a fifty day moving average price of $49.77 and a 200 day moving average price of $44.69. The Andersons, Inc. has a 12-month low of $30.00 and a 12-month high of $53.45. The company has a current ratio of 1.82, a quick ratio of 1.11 and a debt-to-equity ratio of 0.40.

Andersons (NASDAQ:ANDE – Get Free Report) last released its earnings results on Wednesday, August 2nd. The basic materials company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.46. The firm had revenue of $4.02 billion during the quarter, compared to analyst estimates of $4.13 billion. Andersons had a return on equity of 7.79% and a net margin of 0.51%. Andersons’s revenue was down 9.7% compared to the same quarter last year. During the same period last year, the business posted $2.39 earnings per share. Sell-side analysts anticipate that The Andersons, Inc. will post 2.9 earnings per share for the current fiscal year.

Andersons Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Monday, October 2nd will be issued a $0.185 dividend. The ex-dividend date of this dividend is Friday, September 29th. This represents a $0.74 dividend on an annualized basis and a yield of 1.47%. Andersons’s dividend payout ratio (DPR) is presently 29.72%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on ANDE shares. StockNews.com started coverage on Andersons in a research note on Thursday, August 17th. They issued a “buy” rating for the company. Roth Mkm lifted their price objective on Andersons from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, August 3rd. Lake Street Capital lifted their price objective on Andersons from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, August 3rd. Finally, Stephens lifted their price objective on Andersons from $55.00 to $60.00 and gave the company an “overweight” rating in a research note on Thursday, August 3rd.

Get Our Latest Research Report on Andersons

Andersons Profile

(Free Report)

The Andersons, Inc operates in trade, renewables, and plant nutrient sectors in the United States and internationally. It operates through three segments: Trade, Renewables, and Plant Nutrient. 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, and corn oil.