Balyasny Asset Management L.P. Acquires New Holdings in The Andersons, Inc. (NASDAQ:ANDE)

Balyasny Asset Management L.P. purchased a new position in shares of The Andersons, Inc. (NASDAQ:ANDE - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 105,696 shares of the basic materials company's stock, valued at approximately $4,283,000. Balyasny Asset Management L.P. owned about 0.31% of Andersons at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of ANDE. Charles Schwab Investment Management Inc. raised its position in Andersons by 15.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 751,624 shares of the basic materials company's stock worth $30,456,000 after buying an additional 99,045 shares during the last quarter. Intech Investment Management LLC raised its position in Andersons by 221.3% during the 4th quarter. Intech Investment Management LLC now owns 135,678 shares of the basic materials company's stock worth $5,498,000 after buying an additional 93,453 shares during the last quarter. American Century Companies Inc. raised its position in Andersons by 7.8% during the 4th quarter. American Century Companies Inc. now owns 1,166,781 shares of the basic materials company's stock worth $47,278,000 after buying an additional 84,133 shares during the last quarter. Wellington Management Group LLP raised its position in Andersons by 150.2% during the 4th quarter. Wellington Management Group LLP now owns 139,626 shares of the basic materials company's stock worth $5,658,000 after buying an additional 83,817 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in Andersons by 21.4% during the 4th quarter. Ameriprise Financial Inc. now owns 463,548 shares of the basic materials company's stock worth $18,783,000 after buying an additional 81,777 shares during the last quarter. 87.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Andersons

In related news, VP Weston Heide sold 800 shares of the business's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $48.00, for a total value of $38,400.00. Following the sale, the vice president now directly owns 16,104 shares in the company, valued at approximately $772,992. The trade was a 4.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 4.30% of the company's stock.

Andersons Price Performance

Andersons stock traded up $0.73 during trading on Friday, reaching $36.17. The company had a trading volume of 62,015 shares, compared to its average volume of 255,915. The firm's 50-day simple moving average is $39.12 and its 200 day simple moving average is $42.20. The Andersons, Inc. has a 1-year low of $31.03 and a 1-year high of $55.52. The firm has a market capitalization of $1.24 billion, a PE ratio of 10.89 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.

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 (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.20. Andersons had a net margin of 1.01% and a return on equity of 7.59%. The company had revenue of $2.66 billion for the quarter, compared to analysts' expectations of $2.85 billion. During the same quarter in the previous year, the company posted $0.16 EPS. The firm's quarterly revenue was down 2.3% on a year-over-year basis. As a group, equities research analysts anticipate that The Andersons, Inc. will post 3.11 earnings per share for the current fiscal 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.