Comerica Bank Boosts Stock Holdings in The Andersons, Inc. (NASDAQ:ANDE)

Comerica Bank grew its position in The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 203.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 35,609 shares of the basic materials company's stock after buying an additional 23,865 shares during the period. Comerica Bank owned 0.10% of Andersons worth $1,443,000 at the end of the most recent reporting period.

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

Andersons Stock Down 2.8%

Shares of NASDAQ ANDE traded down $1.02 during trading hours on Wednesday, hitting $35.34. 357,398 shares of the stock were exchanged, compared to its average volume of 255,471. The Andersons, Inc. has a 12 month low of $31.03 and a 12 month high of $55.52. The firm has a fifty day moving average price of $39.43 and a 200-day moving average price of $42.33. The company has a quick ratio of 0.90, a current ratio of 1.65 and a debt-to-equity ratio of 0.38. The company has a market cap of $1.21 billion, a PE ratio of 10.64 and a beta of 0.73.

Andersons (NASDAQ:ANDE - Get Free Report) last released its quarterly earnings data 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 return on equity of 7.59% and a net margin of 1.01%. The business had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.85 billion. During the same quarter last year, the business posted $0.16 EPS. The company's revenue was down 2.3% on a year-over-year basis. On average, sell-side analysts expect that The Andersons, Inc. will post 3.11 EPS for the current year.

Insider Buying and Selling at Andersons

In related 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 sale, the vice president now directly 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 Securities & Exchange Commission, which is available through the SEC website. Company insiders own 4.30% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on ANDE shares. BMO Capital Markets started coverage on shares of Andersons in a research report on Tuesday, May 6th. They set a "market perform" rating and a $45.00 target price for the company. StockNews.com raised shares of Andersons from a "hold" rating to a "buy" rating in a research report on Wednesday, May 7th. Lake Street Capital decreased their target price on shares of Andersons from $70.00 to $55.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Finally, Stephens restated an "overweight" rating and issued a $55.00 price target on shares of Andersons in a research report on Wednesday, February 19th.

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.