The Andersons, Inc. (ANDE) Shares Sold by Goldman Sachs Group Inc.
Goldman Sachs Group Inc. lowered its stake in The Andersons, Inc. (NASDAQ:ANDE) by 80.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,547 shares of the basic materials company’s stock after selling 46,465 shares during the quarter. Goldman Sachs Group Inc.’s holdings in The Andersons were worth $394,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Sei Investments Co. lifted its stake in The Andersons by 25.0% in 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 lifted its stake in The Andersons by 80.2% in 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. Candriam Luxembourg S.C.A. purchased a new stake in The Andersons in the 2nd quarter worth $239,000. Aperio Group LLC lifted its stake in The Andersons by 1.7% in the 2nd quarter. Aperio Group LLC now owns 7,264 shares of the basic materials company’s stock worth $248,000 after purchasing an additional 119 shares in the last quarter. Finally, KCG Holdings Inc. purchased a new stake in The Andersons in the 1st quarter worth $256,000. Institutional investors and hedge funds own 77.73% of the company’s stock.
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Several analysts have commented on ANDE shares. Stephens cut shares of The Andersons from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $42.00 to $35.00 in a research note on Monday, August 7th. Zacks Investment Research upgraded shares of The Andersons from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 1st. BMO Capital Markets reduced their target price on shares of The Andersons from $39.00 to $34.00 and set a “market perform” rating on the stock in a report on Wednesday, November 8th. Buckingham Research downgraded shares of The Andersons from a “buy” rating to a “neutral” rating in a report on Wednesday, November 8th. Finally, BidaskClub upgraded shares of The Andersons from a “strong sell” rating to a “sell” rating in a report on Friday, August 11th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $34.50.
Shares of The Andersons, Inc. (NASDAQ ANDE) opened at $30.00 on Thursday. The Andersons, Inc. has a fifty-two week low of $29.60 and a fifty-two week high of $44.90. The company has a quick ratio of 0.56, a current ratio of 1.36 and a debt-to-equity ratio of 0.50. The firm has a market cap of $863.44, a PE ratio of 28.73 and a beta of 1.35.
The Andersons (NASDAQ:ANDE) last posted its earnings results on Monday, November 6th. The basic materials company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.07). The Andersons had a positive return on equity of 3.91% and a negative net margin of 0.45%. The business had revenue of $836.60 million during the quarter, compared to the consensus estimate of $899.95 million. During the same quarter last year, the firm earned $0.06 earnings per share. The business’s quarterly revenue was down 2.7% on a year-over-year basis. research analysts anticipate that The Andersons, Inc. will post 1.34 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 23rd. Stockholders of record on Monday, October 2nd were issued a $0.16 dividend. The ex-dividend date of this dividend was Friday, September 29th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.13%. The Andersons’s dividend payout ratio (DPR) is presently -106.66%.
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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