The Andersons, Inc. (NASDAQ:ANDE) Shares Sold by Peregrine Capital Management LLC

Peregrine Capital Management LLC lowered its stake in The Andersons, Inc. (NASDAQ:ANDE) by 0.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,179 shares of the basic materials company’s stock after selling 455 shares during the period. Peregrine Capital Management LLC owned about 0.38% of Andersons worth $6,457,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its holdings in shares of Andersons by 2.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 683,933 shares of the basic materials company’s stock valued at $39,354,000 after acquiring an additional 18,482 shares during the last quarter. Chesapeake Capital Corp IL purchased a new position in Andersons during the 4th quarter worth approximately $999,000. Mackenzie Financial Corp purchased a new position in Andersons during the 4th quarter worth approximately $215,000. TD Asset Management Inc grew its stake in Andersons by 18.4% during the 4th quarter. TD Asset Management Inc now owns 33,500 shares of the basic materials company’s stock worth $1,928,000 after buying an additional 5,200 shares during the last quarter. Finally, Panagora Asset Management Inc. grew its stake in Andersons by 5.2% during the 2nd quarter. Panagora Asset Management Inc. now owns 207,913 shares of the basic materials company’s stock worth $10,312,000 after buying an additional 10,222 shares during the last quarter. Hedge funds and other institutional investors own 87.06% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Andersons from a “buy” rating to a “hold” rating in a report on Friday, August 16th.

Andersons Price Performance

Shares of Andersons stock traded up $0.54 during trading on Friday, reaching $50.97. The company’s stock had a trading volume of 144,674 shares, compared to its average volume of 174,565. 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 Andersons, Inc. has a 12-month low of $45.07 and a 12-month high of $61.46. The company has a market capitalization of $1.74 billion, a P/E ratio of 14.25 and a beta of 0.61. The business has a 50 day moving average price of $49.86 and a 200-day moving average price of $52.58.

Andersons (NASDAQ:ANDE) last posted its earnings results on Tuesday, August 6th. The basic materials company reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.04). The firm had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $3.20 billion. Andersons had a return on equity of 7.93% and a net margin of 0.89%. The firm’s revenue for the quarter was down 30.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.52 earnings per share.

Andersons Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 22nd. Investors of record on Tuesday, October 1st will be paid a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $0.76 annualized dividend and a yield of 1.49%. Andersons’s payout ratio is currently 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.