Point72 Asset Management L.P. Invests $653,000 in The Andersons, Inc. (NASDAQ:ANDE)

Point72 Asset Management L.P. bought a new stake in The Andersons, Inc. (NASDAQ:ANDE - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 16,109 shares of the basic materials company's stock, valued at approximately $653,000.

Other institutional investors have also recently made changes to their positions in the company. Tudor Investment Corp ET AL purchased a new stake in Andersons during the fourth quarter valued at about $591,000. Proficio Capital Partners LLC purchased a new position in Andersons in the 4th quarter valued at approximately $728,000. Empowered Funds LLC lifted its position in shares of Andersons by 5.8% during the fourth quarter. Empowered Funds LLC now owns 232,213 shares of the basic materials company's stock worth $9,364,000 after acquiring an additional 12,792 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Andersons by 14.2% in the fourth quarter. Bank of New York Mellon Corp now owns 353,271 shares of the basic materials company's stock worth $14,315,000 after acquiring an additional 44,022 shares during the period. Finally, Barclays PLC grew its position in shares of Andersons by 347.7% in the third quarter. Barclays PLC now owns 54,358 shares of the basic materials company's stock valued at $2,725,000 after purchasing an additional 42,217 shares in the last quarter. Hedge funds and other institutional investors own 87.06% of the company's stock.

Wall Street Analyst Weigh In

ANDE has been the topic of a number of recent research reports. Stephens reissued an "overweight" rating and set a $55.00 price objective on shares of Andersons in a report on Wednesday, February 19th. BMO Capital Markets assumed coverage on shares of Andersons in a research report on Tuesday, May 6th. They issued a "market perform" rating and a $45.00 price objective for the company. 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 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 Price Performance

Shares of NASDAQ:ANDE traded down $0.06 on Wednesday, hitting $34.91. The company's stock had a trading volume of 21,201 shares, compared to its average volume of 257,916. The company has a market capitalization of $1.19 billion, a PE ratio of 10.53 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 company has a 50-day simple moving average of $37.87 and a 200 day simple moving average of $41.53. 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 earnings results on Tuesday, May 6th. The basic materials company reported $0.12 earnings per share 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 for the quarter, compared to the consensus estimate of $2.85 billion. During the same period last year, the firm posted $0.16 earnings per share. Andersons's quarterly revenue was down 2.3% on a year-over-year basis. Sell-side analysts forecast that The Andersons, Inc. will post 3.11 EPS 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.