ProShare Advisors LLC boosted its position in shares of The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 17.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 178,644 shares of the basic materials company's stock after buying an additional 26,249 shares during the quarter. ProShare Advisors LLC owned 0.52% of Andersons worth $7,239,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its stake 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 buying an additional 412 shares in the last quarter. Arete Wealth Advisors LLC boosted its stake in Andersons by 9.4% during the fourth quarter. Arete Wealth Advisors LLC now owns 6,710 shares of the basic materials company's stock valued at $272,000 after buying an additional 579 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Andersons by 3.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,559 shares of the basic materials company's stock valued at $752,000 after buying an additional 634 shares in the last quarter. KBC Group NV boosted its stake in Andersons by 70.3% during the fourth 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. Finally, Sterling Capital Management LLC boosted its stake in Andersons by 9.0% during the fourth quarter. Sterling Capital Management LLC now owns 9,912 shares of the basic materials company's stock valued at $402,000 after buying an additional 819 shares in the last quarter. Institutional investors own 87.06% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on the company. Lake Street Capital decreased their target price on Andersons from $70.00 to $55.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Stephens reiterated an "overweight" rating and issued a $55.00 price target on shares of Andersons in a research report on Wednesday, February 19th. BMO Capital Markets initiated coverage on 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, Wall Street Zen lowered Andersons from a "buy" rating to a "hold" rating in a research report on Thursday, May 15th.
Check Out Our Latest Research Report on ANDE
Andersons Trading Down 0.4%
Shares of NASDAQ:ANDE traded down $0.12 during midday trading on Friday, reaching $34.01. The company had a trading volume of 208,807 shares, compared to its average volume of 259,004. 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 Andersons, Inc. has a 1-year low of $31.03 and a 1-year high of $55.52. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of 10.24 and a beta of 0.73. The company has a fifty day simple moving average of $38.24 and a two-hundred day simple moving average of $41.73.
Andersons (NASDAQ:ANDE - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The basic materials company reported $0.12 EPS for the quarter, topping analysts' consensus estimates of ($0.08) by $0.20. Andersons had a return on equity of 7.59% and a net margin of 1.01%. The firm had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.85 billion. During the same period last year, the company posted $0.16 EPS. The business's quarterly revenue was down 2.3% compared to the same quarter last year. Research analysts predict that The Andersons, Inc. will post 3.11 earnings per share for the current year.
About Andersons
(
Free Report)
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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