Deutsche Bank AG Buys 9,191 Shares of The Andersons, Inc. (NASDAQ:ANDE)

Deutsche Bank AG increased its holdings in The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 18.8% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 58,194 shares of the basic materials company's stock after buying an additional 9,191 shares during the period. Deutsche Bank AG owned 0.17% of Andersons worth $2,358,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. KBC Group NV raised its position in shares of 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 buying an additional 643 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in 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 stake in Andersons during the fourth quarter valued at about $213,000. EP Wealth Advisors LLC lifted its stake 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 during the last quarter. Finally, Arete Wealth Advisors LLC boosted its holdings in shares of 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.

Wall Street Analysts Forecast Growth

ANDE has been the topic of a number of research reports. BMO Capital Markets began coverage on Andersons in a report on Tuesday, May 6th. They set a "market perform" rating and a $45.00 price objective on the stock. Stephens restated an "overweight" rating and issued a $55.00 price objective on shares of Andersons in a report on Wednesday, February 19th. Wall Street Zen cut shares of Andersons from a "buy" rating to a "hold" rating in a research note on Thursday, May 15th. Finally, Lake Street Capital decreased their target price on shares of Andersons from $70.00 to $55.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th.

Andersons Trading Down 0.3%

ANDE stock traded down $0.12 during trading on Wednesday, hitting $34.86. 13,793 shares of the company traded hands, compared to its average volume of 257,890. 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 company has a 50-day moving average of $37.87 and a 200-day moving average of $41.53. The firm has a market capitalization of $1.19 billion, a PE ratio of 10.50 and a beta of 0.73. The Andersons, Inc. has a 1 year low of $31.03 and a 1 year high of $55.52.

Andersons (NASDAQ:ANDE - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.08) by $0.20. The business had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.85 billion. Andersons had a net margin of 1.01% and a return on equity of 7.59%. The company's revenue was down 2.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.16 EPS. Analysts predict that The Andersons, Inc. will post 3.11 earnings per share for the current fiscal year.

Andersons Company 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.