One Wealth Advisors LLC Sells 355 Shares of The Andersons, Inc. (NASDAQ:ANDE)

One Wealth Advisors LLC lessened its position in The Andersons, Inc. (NASDAQ:ANDE) by 5.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,681 shares of the basic materials company’s stock after selling 355 shares during the quarter. One Wealth Advisors LLC’s holdings in Andersons were worth $335,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Creative Planning raised its position in Andersons by 6.2% in the 3rd quarter. Creative Planning now owns 5,261 shares of the basic materials company’s stock valued at $264,000 after buying an additional 309 shares during the last quarter. Exchange Traded Concepts LLC raised its position in Andersons by 21.3% in the 3rd quarter. Exchange Traded Concepts LLC now owns 19,851 shares of the basic materials company’s stock valued at $995,000 after buying an additional 3,490 shares during the last quarter. Inspire Investing LLC raised its position in Andersons by 15.5% in the 3rd quarter. Inspire Investing LLC now owns 9,191 shares of the basic materials company’s stock valued at $461,000 after buying an additional 1,234 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Andersons in the 3rd quarter valued at approximately $499,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in Andersons in the 2nd quarter valued at approximately $950,000. Institutional investors and hedge funds own 87.06% of the company’s stock.

Andersons Stock Down 0.7 %

Shares of NASDAQ:ANDE traded down $0.34 during trading on Thursday, hitting $48.71. 7,800 shares of the company were exchanged, compared to its average volume of 169,571. The stock has a market cap of $1.66 billion, a price-to-earnings ratio of 13.86 and a beta of 0.57. The Andersons, Inc. has a fifty-two week low of $44.65 and a fifty-two week high of $61.46. The firm has a fifty day moving average price of $48.99 and a two-hundred day moving average price of $51.25. The company has a current ratio of 2.07, a quick ratio of 1.44 and a debt-to-equity ratio of 0.36.

Andersons (NASDAQ:ANDE) last posted its quarterly earnings results on Tuesday, August 6th. The basic materials company reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.09 by ($0.04). The company had revenue of $2.80 billion for the quarter, compared to analyst estimates of $3.20 billion. Andersons had a return on equity of 6.99% and a net margin of 0.83%. The firm’s revenue for the quarter was down 30.5% compared to the same quarter last year. During the same period last year, the firm earned $1.52 EPS.

Andersons Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 1st will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.56%. The ex-dividend date is Tuesday, October 1st. Andersons’s dividend payout ratio (DPR) is 21.47%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Andersons from a “buy” rating to a “hold” rating in a research report on Wednesday, September 25th.

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.