Ethic Inc. Purchases New Position in The Andersons, Inc. (NASDAQ:ANDE)

Ethic Inc. purchased a new position in shares of The Andersons, Inc. (NASDAQ:ANDE - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,831 shares of the basic materials company's stock, valued at approximately $317,000.

A number of other hedge funds have also recently added to or reduced their stakes in ANDE. Deutsche Bank AG grew its holdings in Andersons by 18.8% during the 4th quarter. Deutsche Bank AG now owns 58,194 shares of the basic materials company's stock worth $2,358,000 after acquiring an additional 9,191 shares during the last quarter. D. E. Shaw & Co. Inc. acquired a new stake in Andersons during the fourth quarter worth approximately $7,354,000. EP Wealth Advisors LLC increased its holdings in Andersons by 30.0% in 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. Cubist Systematic Strategies LLC acquired a new stake in shares of Andersons during the 4th quarter worth approximately $8,545,000. Finally, Bridgeway Capital Management LLC increased its stake in shares of Andersons by 2.6% in the 4th quarter. Bridgeway Capital Management LLC now owns 335,739 shares of the basic materials company's stock valued at $13,604,000 after acquiring an additional 8,492 shares in the last quarter. Institutional investors own 87.06% of the company's stock.

Insiders Place Their Bets

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 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. The trade was a 4.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 4.30% of the company's stock.

Analyst Ratings Changes

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

Andersons Stock Performance

NASDAQ ANDE traded down $0.12 during trading on Tuesday, hitting $35.62. 231,837 shares of the company's stock traded hands, compared to its average volume of 257,376. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of 10.73 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. The business has a 50 day moving average of $38.88 and a 200-day moving average of $42.02. The Andersons, Inc. has a 12-month low of $31.03 and a 12-month high of $55.52.

Andersons (NASDAQ:ANDE - Get Free Report) last released its quarterly earnings data 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 company had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.85 billion. During the same period last year, the firm earned $0.16 EPS. Andersons's revenue for the quarter 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 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.