Comerica Bank Has $1.44 Million Stock Position in The Andersons, Inc. (NASDAQ:ANDE)

Comerica Bank grew its holdings in The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 203.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 35,609 shares of the basic materials company's stock after buying an additional 23,865 shares during the quarter. Comerica Bank owned 0.10% of Andersons worth $1,443,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. increased its position in shares of 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 purchasing an additional 99,045 shares in the last quarter. Intech Investment Management LLC grew its stake in Andersons by 221.3% during the fourth 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. grew its stake in Andersons by 7.8% during the fourth 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 increased its holdings in shares of Andersons by 150.2% during the fourth 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 in the last quarter. Finally, Wedge Capital Management L L P NC bought a new position in shares of Andersons in the fourth quarter valued at approximately $2,744,000. Institutional investors and hedge funds own 87.06% of the company's stock.

Andersons Stock Up 1.8%

Shares of ANDE stock traded up $0.63 on Friday, hitting $36.07. 47,508 shares of the stock were exchanged, compared to its average volume of 255,856. 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 firm has a market capitalization of $1.23 billion, a P/E ratio of 10.86 and a beta of 0.73. The Andersons, Inc. has a fifty-two week low of $31.03 and a fifty-two week high of $55.52. The business has a 50-day moving average of $39.12 and a 200 day moving average of $42.20.

Andersons (NASDAQ:ANDE - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The basic materials company reported $0.12 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 firm had revenue of $2.66 billion for the quarter, compared to analysts' expectations of $2.85 billion. During the same period in the previous year, the firm posted $0.16 EPS. The company's revenue for the quarter was down 2.3% on a year-over-year basis. Equities analysts anticipate that The Andersons, Inc. will post 3.11 EPS for the current year.

Insider Transactions at Andersons

In other Andersons news, VP Weston Heide sold 800 shares of the 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 transaction, the vice president now directly owns 16,104 shares of the company's stock, valued at $772,992. This represents a 4.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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

About Andersons

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.