ProShare Advisors LLC Increases Holdings in The Andersons, Inc. (NASDAQ:ANDE)

ProShare Advisors LLC increased its position in The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 17.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 178,644 shares of the basic materials company's stock after acquiring an additional 26,249 shares during the period. ProShare Advisors LLC owned approximately 0.52% of Andersons worth $7,239,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Barclays PLC grew its holdings in 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 during the last quarter. Wedge Capital Management L L P NC purchased a new stake in shares of Andersons in the 4th quarter worth about $2,744,000. Inspire Investing LLC boosted its position in shares of Andersons by 18.4% in the 4th quarter. Inspire Investing LLC now owns 10,881 shares of the basic materials company's stock worth $441,000 after buying an additional 1,690 shares in the last quarter. Exchange Traded Concepts LLC grew its stake in Andersons by 5.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 20,951 shares of the basic materials company's stock valued at $849,000 after acquiring an additional 1,100 shares during the last quarter. Finally, KBC Group NV increased its holdings 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. 87.06% of the stock is owned by hedge funds and other institutional investors.

Andersons Price Performance

Andersons stock opened at $36.07 on Monday. The stock has a market capitalization of $1.23 billion, a P/E ratio of 10.86 and a beta of 0.73. The Andersons, Inc. has a 12-month low of $31.03 and a 12-month high of $55.52. 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's 50-day moving average is $38.99 and its two-hundred day moving average is $42.08.

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 (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.20. The business had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.85 billion. Andersons had a net margin of 1.01% and a return on equity of 7.59%. 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 firm posted $0.16 earnings per share. Equities analysts predict that The Andersons, Inc. will post 3.11 earnings per share for the current year.

Insiders Place Their Bets

In other Andersons news, VP Weston Heide sold 800 shares of Andersons stock in a transaction dated Wednesday, February 19th. The stock was 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 owns 16,104 shares in the company, valued at $772,992. The trade was a 4.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 4.30% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on ANDE shares. Stephens reaffirmed an "overweight" rating and issued a $55.00 price target on shares of Andersons in a report on Wednesday, February 19th. StockNews.com downgraded Andersons from a "buy" rating to a "hold" rating in a research report on Thursday. BMO Capital Markets assumed coverage on Andersons in a report on Tuesday, May 6th. They set a "market perform" rating and a $45.00 target price on the stock. Finally, Lake Street Capital cut their price target on Andersons from $70.00 to $55.00 and set a "buy" rating for the company in a report on Thursday, May 8th.

About Andersons

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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