D. E. Shaw & Co. Inc. Takes Position in The Andersons, Inc. (NASDAQ:ANDE)

D. E. Shaw & Co. Inc. purchased a new position in The Andersons, Inc. (NASDAQ:ANDE - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 181,482 shares of the basic materials company's stock, valued at approximately $7,354,000. D. E. Shaw & Co. Inc. owned approximately 0.53% of Andersons at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC grew its stake in Andersons by 16.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,866 shares of the basic materials company's stock valued at $116,000 after buying an additional 412 shares during the last quarter. Arete Wealth Advisors LLC increased its stake 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 valued at $272,000 after acquiring an additional 579 shares during the period. KBC Group NV raised its holdings in Andersons by 70.3% in the 4th 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 in the last quarter. Sterling Capital Management LLC increased its position in shares of Andersons by 9.0% during the fourth quarter. Sterling Capital Management LLC now owns 9,912 shares of the basic materials company's stock valued at $402,000 after purchasing an additional 819 shares during the period. Finally, Exchange Traded Concepts LLC raised its stake in shares of Andersons by 5.5% in the fourth quarter. Exchange Traded Concepts LLC now owns 20,951 shares of the basic materials company's stock valued at $849,000 after purchasing an additional 1,100 shares in the last quarter. 87.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Andersons

In related news, VP Weston Heide sold 800 shares of the stock in a transaction that occurred 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 owns 16,104 shares in the company, valued at approximately $772,992. This trade represents a 4.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 4.30% of the stock is currently owned by corporate insiders.

Andersons Trading Down 0.9%

Shares of Andersons stock traded down $0.33 during trading hours on Monday, hitting $35.74. The company's stock had a trading volume of 228,563 shares, compared to its average volume of 257,478. The company has a market capitalization of $1.22 billion, a PE ratio of 10.77 and a beta of 0.73. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.65 and a quick ratio of 0.90. The Andersons, Inc. has a 12 month low of $31.03 and a 12 month high of $55.52. The stock has a 50 day moving average of $38.99 and a 200 day moving average of $42.08.

Andersons (NASDAQ:ANDE - Get Free Report) last released its earnings results on Tuesday, May 6th. The basic materials company reported $0.12 earnings per share for the quarter, beating 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 business had revenue of $2.66 billion during the quarter, compared to analysts' expectations of $2.85 billion. During the same period last year, the business earned $0.16 earnings per share. The firm's revenue was down 2.3% on a year-over-year basis. Analysts predict that The Andersons, Inc. will post 3.11 earnings per share for the current year.

Analysts Set New Price Targets

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

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.