Allspring Global Investments Holdings LLC Cuts Stock Position in The Andersons, Inc. (NASDAQ:ANDE)

Allspring Global Investments Holdings LLC cut its position in The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 86.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,273 shares of the basic materials company's stock after selling 74,564 shares during the period. Allspring Global Investments Holdings LLC's holdings in Andersons were worth $565,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. nVerses Capital LLC purchased a new stake in Andersons during the 2nd quarter valued at about $25,000. Larson Financial Group LLC acquired a new stake in shares of Andersons in the first quarter valued at approximately $57,000. Innealta Capital LLC acquired a new stake in shares of Andersons in the second quarter valued at approximately $57,000. EverSource Wealth Advisors LLC lifted its position in Andersons by 323.4% during the first quarter. EverSource Wealth Advisors LLC now owns 1,084 shares of the basic materials company's stock worth $60,000 after buying an additional 828 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in Andersons during the first quarter worth $193,000. 87.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Andersons from a "hold" rating to a "buy" rating in a research note on Thursday, October 24th.

Andersons Trading Down 0.4 %

ANDE stock traded down $0.20 during trading on Friday, reaching $45.20. 150,213 shares of the stock were exchanged, compared to its average volume of 167,386. The business has a 50 day moving average price of $48.55 and a 200-day moving average price of $50.41. The Andersons, Inc. has a 1 year low of $44.65 and a 1 year high of $61.46. The company has a current ratio of 2.07, a quick ratio of 1.44 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of 15.17 and a beta of 0.57.

Andersons (NASDAQ:ANDE - Get Free Report) last released its quarterly earnings data 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 business had revenue of $2.80 billion during the quarter, compared to analyst estimates of $3.20 billion. Andersons had a net margin of 0.83% and a return on equity of 6.99%. The company's revenue was down 30.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.52 earnings per share.

Andersons Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 1st were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date was Tuesday, October 1st. Andersons's payout ratio is 25.50%.

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.