Jacobs Levy Equity Management Inc. Reduces Stock Position in The Andersons, Inc. (NASDAQ:ANDE)

Jacobs Levy Equity Management Inc. cut its stake in shares of The Andersons, Inc. (NASDAQ:ANDE) by 1.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 271,759 shares of the basic materials company’s stock after selling 4,850 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in Andersons were worth $15,591,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of ANDE. SummerHaven Investment Management LLC grew its position in Andersons by 1.3% during the fourth quarter. SummerHaven Investment Management LLC now owns 15,650 shares of the basic materials company’s stock valued at $901,000 after buying an additional 200 shares during the period. GAMMA Investing LLC grew its position in shares of Andersons by 65.8% during the 1st quarter. GAMMA Investing LLC now owns 524 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 208 shares during the period. Cornercap Investment Counsel Inc. increased its stake in shares of Andersons by 1.6% in the 4th quarter. Cornercap Investment Counsel Inc. now owns 13,790 shares of the basic materials company’s stock worth $793,000 after purchasing an additional 222 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in Andersons by 2.2% in the 1st quarter. Russell Investments Group Ltd. now owns 10,834 shares of the basic materials company’s stock worth $622,000 after purchasing an additional 235 shares during the period. Finally, Summit Place Financial Advisors LLC raised its holdings in Andersons by 1.2% in the 1st quarter. Summit Place Financial Advisors LLC now owns 20,616 shares of the basic materials company’s stock worth $1,183,000 after purchasing an additional 236 shares during the period. 87.06% of the stock is owned by institutional investors.

Andersons Price Performance

Shares of NASDAQ ANDE traded down $0.51 during midday trading on Wednesday, reaching $54.29. The stock had a trading volume of 23,928 shares, compared to its average volume of 177,205. The company has a market capitalization of $1.85 billion, a price-to-earnings ratio of 15.48 and a beta of 0.61. The Andersons, Inc. has a 12-month low of $45.07 and a 12-month high of $61.46. The stock has a 50-day moving average of $50.32 and a 200-day moving average of $53.05. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.13 and a current ratio of 2.04.

Andersons (NASDAQ:ANDE) last issued its earnings results on Tuesday, May 7th. The basic materials company reported $0.16 earnings per share for the quarter. The company had revenue of $2.72 billion during the quarter. Andersons had a net margin of 0.89% and a return on equity of 7.93%.

Andersons Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 22nd. Investors of record on Monday, July 1st were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.40%. The ex-dividend date was Monday, July 1st. Andersons’s dividend payout ratio (DPR) is presently 21.47%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Andersons from a “buy” rating to a “hold” rating in a report on Thursday, May 9th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $62.50.

Andersons Company 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.