Ameriprise Financial Inc. Increases Holdings in The Andersons, Inc. (NASDAQ:ANDE)

Ameriprise Financial Inc. grew its position in shares of The Andersons, Inc. (NASDAQ:ANDE) by 5.6% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 373,640 shares of the basic materials company’s stock after buying an additional 19,823 shares during the quarter. Ameriprise Financial Inc. owned 1.32% of The Andersons worth $12,760,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently bought and sold shares of ANDE. Wells Fargo & Company MN raised its holdings in shares of The Andersons by 23.6% in the 1st quarter. Wells Fargo & Company MN now owns 38,835 shares of the basic materials company’s stock worth $1,472,000 after purchasing an additional 7,427 shares during the period. Great West Life Assurance Co. Can raised its holdings in shares of The Andersons by 5.5% in the 1st quarter. Great West Life Assurance Co. Can now owns 35,834 shares of the basic materials company’s stock worth $1,356,000 after purchasing an additional 1,859 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of The Andersons by 2.7% in the 1st quarter. Bank of New York Mellon Corp now owns 407,646 shares of the basic materials company’s stock worth $15,450,000 after purchasing an additional 10,669 shares during the period. Karp Capital Management Corp bought a new stake in shares of The Andersons in the 1st quarter worth approximately $271,000. Finally, State of Tennessee Treasury Department raised its holdings in shares of The Andersons by 17.8% in the 1st quarter. State of Tennessee Treasury Department now owns 24,727 shares of the basic materials company’s stock worth $937,000 after purchasing an additional 3,732 shares during the period. 77.02% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: “Ameriprise Financial Inc. Increases Holdings in The Andersons, Inc. (NASDAQ:ANDE)” was originally posted by BBNS and is the property of of BBNS. If you are reading this story on another domain, it was illegally copied and republished in violation of international copyright and trademark laws. The legal version of this story can be viewed at https://baseballnewssource.com/markets/ameriprise-financial-inc-increases-holdings-in-the-andersons-inc-ande/1701002.html.

A number of research firms recently commented on ANDE. BidaskClub cut shares of The Andersons from a “sell” rating to a “strong sell” rating in a report on Thursday, August 24th. Stephens cut shares of The Andersons from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $42.00 to $35.00 in a report on Monday, August 7th. Finally, Zacks Investment Research raised shares of The Andersons from a “strong sell” rating to a “hold” rating in a report on Thursday, July 6th.

Shares of The Andersons, Inc. (NASDAQ:ANDE) opened at 36.25 on Wednesday. The company’s market cap is $1.03 billion. The Andersons, Inc. has a one year low of $30.80 and a one year high of $44.90. The firm’s 50-day moving average is $33.40 and its 200-day moving average is $34.51.

The Andersons (NASDAQ:ANDE) last released its quarterly earnings results on Thursday, August 3rd. The basic materials company reported $0.54 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.71 by ($0.17). The Andersons had a positive return on equity of 3.77% and a negative net margin of 0.47%. The business had revenue of $993.70 million during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the previous year, the business posted $0.51 earnings per share. The firm’s revenue was down 6.6% on a year-over-year basis. On average, equities analysts anticipate that The Andersons, Inc. will post $1.52 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 23rd. Shareholders of record on Monday, October 2nd will be given a $0.16 dividend. The ex-dividend date is Friday, September 29th. This represents a $0.64 annualized dividend and a yield of 1.77%. The Andersons’s payout ratio is presently -101.59%.

The Andersons Profile

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.

Institutional Ownership by Quarter for The Andersons (NASDAQ:ANDE)

Receive News & Ratings for The Andersons Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Andersons Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Justin Turner Joining Postseason Legends
Justin Turner Joining Postseason Legends
PED Use Cost Alex Rodriguez Millions and His Reputation
PED Use Cost Alex Rodriguez Millions and His Reputation
Yankees to Send Masahiro Tanaka Against Astros in Game 1
Yankees to Send Masahiro Tanaka Against Astros in Game 1
Red Sox Waste Little Time in Firing John Farrell
Red Sox Waste Little Time in Firing John Farrell
Washington Nationals Sans Strasburg for Game 4 at Wrigley
Washington Nationals Sans Strasburg for Game 4 at Wrigley
Red Sox Beat Houston Sunday to Avoid Elimination
Red Sox Beat Houston Sunday to Avoid Elimination


Leave a Reply

 
© 2006-2017 BBNS.