Voloridge Investment Management LLC Acquires New Shares in The Andersons, Inc. (NASDAQ:ANDE)

Voloridge Investment Management LLC purchased a new stake in The Andersons, Inc. (NASDAQ:ANDE - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 213,492 shares of the basic materials company's stock, valued at approximately $8,651,000. Voloridge Investment Management LLC owned 0.63% of Andersons at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. KBC Group NV boosted its stake 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 acquiring an additional 643 shares in the last quarter. 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 acquiring an additional 412 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of Andersons in the 4th quarter valued at about $189,000. Sherbrooke Park Advisers LLC bought a new position in shares of Andersons during the 4th quarter worth approximately $212,000. Finally, Walleye Capital LLC purchased a new stake in Andersons during the 4th quarter worth approximately $213,000. 87.06% of the stock is owned by institutional investors.

Andersons Trading Down 0.1%

ANDE traded down $0.04 during midday trading on Friday, reaching $35.70. 125,291 shares of the company were exchanged, compared to its average volume of 259,062. The stock has a market capitalization of $1.22 billion, a P/E ratio of 10.79 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 stock's 50-day simple moving average is $37.58 and its 200 day simple moving average is $41.40. The Andersons, Inc. has a one year low of $31.03 and a one year high of $55.52.

Andersons (NASDAQ:ANDE - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The basic materials company reported $0.12 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $2.85 billion. During the same period in the prior year, the company earned $0.16 EPS. Andersons's revenue for the quarter was down 2.3% on a year-over-year basis. As a group, analysts forecast that The Andersons, Inc. will post 3.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ANDE has been the subject of a number of research analyst reports. Lake Street Capital reduced 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. BMO Capital Markets began coverage on shares of Andersons in a report on Tuesday, May 6th. They issued a "market perform" rating and a $45.00 target price on the stock. Wall Street Zen lowered shares of Andersons from a "buy" rating to a "hold" rating in a research report on Thursday, May 15th. Finally, Stephens reissued an "overweight" rating and set a $55.00 target price on shares of Andersons in a research report on Wednesday, February 19th.

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.