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

Point72 Asset Management L.P. purchased a new stake in The Andersons, Inc. (NASDAQ:ANDE - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 16,109 shares of the basic materials company's stock, valued at approximately $653,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ANDE. Cubist Systematic Strategies LLC acquired a new position in Andersons in the fourth quarter valued at approximately $8,545,000. Millennium Management LLC boosted its holdings in shares of Andersons by 3,547.8% in the fourth quarter. Millennium Management LLC now owns 204,532 shares of the basic materials company's stock valued at $8,288,000 after acquiring an additional 198,925 shares during the period. D. E. Shaw & Co. Inc. acquired a new stake in shares of Andersons in the fourth quarter valued at approximately $7,354,000. Balyasny Asset Management L.P. acquired a new stake in shares of Andersons in the fourth quarter valued at approximately $4,283,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Andersons by 15.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 751,624 shares of the basic materials company's stock valued at $30,456,000 after acquiring an additional 99,045 shares during the period. 87.06% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ANDE. Lake Street Capital decreased their price objective on Andersons from $70.00 to $55.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Stephens reissued an "overweight" rating and issued a $55.00 price objective on shares of Andersons in a report on Wednesday, February 19th. Wall Street Zen downgraded Andersons from a "buy" rating to a "hold" rating in a report on Thursday, May 15th. Finally, BMO Capital Markets assumed coverage on Andersons in a report on Tuesday, May 6th. They issued a "market perform" rating and a $45.00 price objective for the company.

Andersons Stock Performance

Shares of Andersons stock traded up $0.84 during trading hours on Tuesday, hitting $34.85. 83,987 shares of the company were exchanged, compared to its average volume of 258,332. The Andersons, Inc. has a 1 year low of $31.03 and a 1 year high of $55.52. 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 business has a 50-day moving average of $38.05 and a 200-day moving average of $41.58. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of 10.49 and a beta of 0.73.

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