Deutsche Bank AG Boosts Position in The Andersons, Inc. (NASDAQ:ANDE)

Deutsche Bank AG raised its stake in The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 18.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 58,194 shares of the basic materials company's stock after purchasing an additional 9,191 shares during the quarter. Deutsche Bank AG owned 0.17% of Andersons worth $2,358,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. KBC Group NV lifted its stake in Andersons by 70.3% during 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. EverSource Wealth Advisors LLC lifted its position in shares of Andersons by 16.8% during the fourth 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 purchased a new position in Andersons during the fourth quarter worth about $213,000. EP Wealth Advisors LLC grew its position in Andersons by 30.0% in the 4th 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 position in Andersons by 9.4% in the 4th quarter. Arete Wealth Advisors LLC now owns 6,710 shares of the basic materials company's stock worth $272,000 after purchasing an additional 579 shares in the last quarter. Institutional investors own 87.06% of the company's stock.

Analysts Set New Price Targets

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

Andersons Stock Performance

Shares of ANDE stock traded up $0.77 during trading hours on Tuesday, hitting $34.78. 78,841 shares of the company were exchanged, compared to its average volume of 258,298. 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 stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of 10.47 and a beta of 0.73. The firm has a fifty day simple moving average of $38.05 and a 200 day simple moving average of $41.58. 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 announced its quarterly earnings data 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. The business had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.85 billion. Andersons had a return on equity of 7.59% and a net margin of 1.01%. Andersons's revenue was down 2.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.16 earnings per share. Research analysts predict 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.