California Public Employees Retirement System lessened its stake in shares of The Andersons, Inc. (NASDAQ:ANDE) by 17.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,800 shares of the basic materials company’s stock after selling 12,000 shares during the quarter. California Public Employees Retirement System owned approximately 0.20% of The Andersons worth $1,974,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Sei Investments Co. increased its position in The Andersons by 25.0% during the 2nd quarter. Sei Investments Co. now owns 5,027 shares of the basic materials company’s stock worth $172,000 after purchasing an additional 1,006 shares in the last quarter. State of Alaska Department of Revenue increased its position in The Andersons by 80.2% during the 2nd quarter. State of Alaska Department of Revenue now owns 5,208 shares of the basic materials company’s stock worth $177,000 after purchasing an additional 2,318 shares in the last quarter. KCG Holdings Inc. purchased a new stake in The Andersons during the 1st quarter worth about $256,000. Candriam Luxembourg S.C.A. purchased a new stake in The Andersons during the 2nd quarter worth about $239,000. Finally, Karp Capital Management Corp purchased a new stake in The Andersons during the 1st quarter worth about $271,000. Hedge funds and other institutional investors own 77.04% of the company’s stock.
A number of analysts recently commented on ANDE shares. Stephens cut The Andersons from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $42.00 to $35.00 in a research report on Monday, August 7th. Zacks Investment Research upgraded The Andersons from a “strong sell” rating to a “hold” rating in a research report on Wednesday. Finally, BidaskClub upgraded The Andersons from a “strong sell” rating to a “sell” rating in a research report on Friday, August 11th.
The Andersons (NASDAQ:ANDE) last posted its quarterly earnings results on Thursday, August 3rd. The basic materials company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.17). The business had revenue of $993.70 million for the quarter, compared to analyst estimates of $1.06 billion. The Andersons had a negative net margin of 0.47% and a positive return on equity of 3.77%. The firm’s quarterly revenue was down 6.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.51 earnings per share.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 23rd. Investors of record on Monday, October 2nd were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.72%. The ex-dividend date was Friday, September 29th. The Andersons’s payout ratio is -101.59%.
About The Andersons
The Andersons, Inc is a diversified company. The Company conducts business across North America in the grain, ethanol, plant nutrient and rail sectors. The Company also produces turf and cob products, and has a consumer retailing presence. The Company operates through segments, including Grain, Ethanol, Rail, Plant Nutrient and Retail.
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