Man Group plc Grows Stock Holdings in The Andersons, Inc. (NASDAQ:ANDE)

Man Group plc lifted its position in shares of The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 4.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 178,597 shares of the basic materials company's stock after purchasing an additional 7,463 shares during the period. Man Group plc owned about 0.52% of Andersons worth $7,237,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. KBC Group NV lifted 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 worth $63,000 after purchasing an additional 643 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Andersons by 16.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,866 shares of the basic materials company's stock worth $116,000 after purchasing an additional 412 shares during the last quarter. Walleye Capital LLC purchased a new stake in shares of Andersons during the 4th quarter worth $213,000. EP Wealth Advisors LLC lifted its position in shares of Andersons by 30.0% during 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 during the last quarter. Finally, Arete Wealth Advisors LLC lifted its position in shares of Andersons by 9.4% during 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 during the last quarter. 87.06% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, VP Weston Heide sold 800 shares of the company's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $48.00, for a total value of $38,400.00. Following the completion of the sale, the vice president now directly owns 16,104 shares of the company's stock, valued at approximately $772,992. This represents a 4.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 4.30% of the company's stock.

Andersons Price Performance

Shares of ANDE opened at $35.74 on Tuesday. The Andersons, Inc. has a 1-year low of $31.03 and a 1-year high of $55.52. The stock has a market cap of $1.22 billion, a PE ratio of 10.77 and a beta of 0.73. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.65 and a quick ratio of 0.90. The firm has a fifty day moving average price of $38.88 and a 200 day moving average price of $42.02.

Andersons (NASDAQ:ANDE - Get Free Report) last announced its earnings results on Tuesday, May 6th. The basic materials company reported $0.12 EPS for the quarter, beating analysts' consensus estimates of ($0.08) by $0.20. Andersons had a net margin of 1.01% and a return on equity of 7.59%. The business had revenue of $2.66 billion during the quarter, compared to analysts' expectations of $2.85 billion. During the same period in the prior year, the company earned $0.16 earnings per share. The business's revenue was down 2.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Andersons, Inc. will post 3.11 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on ANDE shares. Stephens reaffirmed an "overweight" rating and set a $55.00 price objective on shares of Andersons in a research report on Wednesday, February 19th. StockNews.com cut shares of Andersons from a "buy" rating to a "hold" rating in a research report on Thursday, May 15th. BMO Capital Markets began coverage on shares of Andersons in a research report on Tuesday, May 6th. They issued a "market perform" rating and a $45.00 price target for the company. Finally, Lake Street Capital reduced their price target 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.

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.

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