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

Ameriprise Financial Inc. lifted its position in shares of The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 21.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. 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 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. KBC Group NV grew its position in shares of Andersons by 70.3% during the 4th quarter. KBC Group NV now owns 1,558 shares of the basic materials company's stock worth $63,000 after buying an additional 643 shares during the period. EverSource Wealth Advisors LLC lifted its stake in Andersons by 16.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,866 shares of the basic materials company's stock valued at $116,000 after acquiring an additional 412 shares in the last quarter. Walleye Capital LLC purchased a new position in Andersons during the fourth quarter worth about $213,000. Arete Wealth Advisors LLC grew its holdings in shares of Andersons by 9.4% in the fourth quarter. Arete Wealth Advisors LLC now owns 6,710 shares of the basic materials company's stock valued at $272,000 after acquiring an additional 579 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Andersons during the 4th quarter worth $280,000. Institutional investors own 87.06% of the company's stock.

Insider Buying and Selling at Andersons

In other news, VP Weston Heide sold 800 shares of Andersons stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $48.00, for a total transaction of $38,400.00. Following the transaction, the vice president now owns 16,104 shares in the company, valued at $772,992. This trade represents a 4.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 4.30% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. StockNews.com cut Andersons from a "buy" rating to a "hold" rating in a research note on Thursday. Lake Street Capital lowered their price target on shares of Andersons from $70.00 to $55.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. BMO Capital Markets assumed coverage on shares of Andersons in a research note on Tuesday, May 6th. They set a "market perform" rating and a $45.00 price target on the stock. Finally, Stephens reiterated an "overweight" rating and issued a $55.00 price objective on shares of Andersons in a research note on Wednesday, February 19th.

Andersons Trading Down 0.9%

NASDAQ:ANDE traded down $0.33 during midday trading on Monday, reaching $35.74. 228,563 shares of the stock traded hands, compared to its average volume of 257,478. The stock has a market capitalization of $1.22 billion, a P/E ratio of 10.77 and a beta of 0.73. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.90 and a current ratio of 1.65. The company has a fifty day moving average of $38.99 and a 200 day moving average of $42.08. The Andersons, Inc. has a 12 month low of $31.03 and a 12 month high of $55.52.

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

Andersons Company 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.