Ethic Inc. Purchases Shares of 7,831 The Andersons, Inc. (NASDAQ:ANDE)

Ethic Inc. bought a new position in shares of The Andersons, Inc. (NASDAQ:ANDE - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 7,831 shares of the basic materials company's stock, valued at approximately $317,000.

A number of other large investors have also modified their holdings of ANDE. KBC Group NV grew its position in Andersons by 70.3% during the fourth 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 increased 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 purchasing an additional 412 shares in the last quarter. Walleye Capital LLC acquired a new position in Andersons during the fourth quarter worth $213,000. EP Wealth Advisors LLC boosted its position in Andersons by 30.0% during the fourth quarter. EP Wealth Advisors LLC now owns 6,557 shares of the basic materials company's stock worth $266,000 after purchasing an additional 1,513 shares in the last quarter. Finally, Arete Wealth Advisors LLC grew its holdings in 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 purchasing an additional 579 shares during the last quarter. 87.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on ANDE shares. Stephens reiterated an "overweight" rating and issued a $55.00 price objective on shares of Andersons in a research report on Wednesday, February 19th. Wall Street Zen downgraded Andersons from a "buy" rating to a "hold" rating in a research report on Thursday, May 15th. Lake Street Capital reduced their target price on Andersons from $70.00 to $55.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Finally, BMO Capital Markets assumed coverage on Andersons in a research report on Tuesday, May 6th. They set a "market perform" rating and a $45.00 price target for the company.

Andersons Trading Down 1.3%

Shares of NASDAQ ANDE traded down $0.44 during midday trading on Thursday, reaching $33.97. 15,823 shares of the stock were exchanged, compared to its average volume of 257,204. The stock has a 50 day moving average price of $38.62 and a 200-day moving average price of $41.92. 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 company has a market capitalization of $1.16 billion, a P/E ratio of 10.24 and a beta of 0.73. The Andersons, Inc. has a 52-week low of $31.03 and a 52-week high of $55.52.

Andersons (NASDAQ:ANDE - Get Free Report) last released its 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. The firm had revenue of $2.66 billion during the quarter, compared to analysts' expectations of $2.85 billion. Andersons had a net margin of 1.01% and a return on equity of 7.59%. Andersons's revenue for the quarter was down 2.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.16 EPS. Equities research analysts expect that The Andersons, Inc. will post 3.11 earnings per share for the current fiscal year.

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.