Ameriprise Financial Inc. Purchases 81,777 Shares of The Andersons, Inc. (NASDAQ:ANDE)

Ameriprise Financial Inc. grew its position in The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 21.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 463,548 shares of the basic materials company's stock after purchasing an additional 81,777 shares during the period. Ameriprise Financial Inc. owned about 1.36% of Andersons worth $18,783,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. KBC Group NV raised its position in Andersons by 70.3% in the fourth quarter. KBC Group NV now owns 1,558 shares of the basic materials company's stock worth $63,000 after acquiring an additional 643 shares during the period. EverSource Wealth Advisors LLC grew its position in Andersons by 16.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,866 shares of the basic materials company's stock worth $116,000 after buying an additional 412 shares in the last quarter. Walleye Capital LLC bought a new position in shares of Andersons in the fourth quarter worth approximately $213,000. Arete Wealth Advisors LLC raised its position in shares of Andersons by 9.4% during the 4th quarter. Arete Wealth Advisors LLC now owns 6,710 shares of the basic materials company's stock valued at $272,000 after buying an additional 579 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Andersons during the fourth quarter valued at about $280,000. 87.06% of the stock is owned by institutional investors.

Andersons Stock Down 1.6%

ANDE stock traded down $0.58 during midday trading on Wednesday, hitting $35.04. The company's stock had a trading volume of 7,796 shares, compared to its average volume of 256,815. The company has a current ratio of 1.65, a quick ratio of 0.90 and a debt-to-equity ratio of 0.38. The Andersons, Inc. has a 12 month low of $31.03 and a 12 month high of $55.52. The company has a market cap of $1.20 billion, a PE ratio of 10.59 and a beta of 0.73. The firm's 50-day moving average is $38.77 and its 200-day moving average is $41.97.

Andersons (NASDAQ:ANDE - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The basic materials company reported $0.12 EPS for the quarter, beating analysts' consensus estimates of ($0.08) by $0.20. Andersons had a return on equity of 7.59% and a net margin of 1.01%. The company had revenue of $2.66 billion during the quarter, compared to analysts' expectations of $2.85 billion. During the same quarter in the prior year, the business earned $0.16 earnings per share. Andersons's revenue for the quarter was down 2.3% compared to the same quarter last year. On average, equities research analysts forecast that The Andersons, Inc. will post 3.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ANDE has been the subject of several analyst reports. Lake Street Capital cut their price target on shares of Andersons from $70.00 to $55.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. StockNews.com lowered shares of Andersons from a "buy" rating to a "hold" rating in a report on Thursday, May 15th. Stephens restated an "overweight" rating and issued a $55.00 target price on shares of Andersons in a research note on Wednesday, February 19th. Finally, BMO Capital Markets started coverage on shares of Andersons in a research note on Tuesday, May 6th. They set a "market perform" rating and a $45.00 price objective on the stock.

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.