Public Employees Retirement System of Ohio Invests $973,000 in The Andersons, Inc. (NASDAQ:ANDE)

Public Employees Retirement System of Ohio bought a new stake in The Andersons, Inc. (NASDAQ:ANDE - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 24,011 shares of the basic materials company's stock, valued at approximately $973,000. Public Employees Retirement System of Ohio owned approximately 0.07% of Andersons as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Barclays PLC grew its position 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 in the last quarter. KBC Group NV boosted its holdings 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 buying an additional 643 shares during the period. Empowered Funds LLC boosted its holdings in shares of Andersons by 5.8% during the 4th quarter. Empowered Funds LLC now owns 232,213 shares of the basic materials company's stock worth $9,364,000 after buying an additional 12,792 shares during the period. Rhumbline Advisers boosted its holdings in Andersons by 2.7% in the 4th quarter. Rhumbline Advisers now owns 100,952 shares of the basic materials company's stock valued at $4,091,000 after purchasing an additional 2,617 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in Andersons by 2.8% in the 4th quarter. Principal Financial Group Inc. now owns 155,942 shares of the basic materials company's stock valued at $6,319,000 after purchasing an additional 4,316 shares during the period. Institutional investors own 87.06% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on ANDE. Wall Street Zen downgraded shares of Andersons from a "buy" rating to a "hold" rating in a report on Thursday, May 15th. Lake Street Capital cut their price objective on shares of Andersons from $70.00 to $55.00 and set a "buy" rating for the company in a report on Thursday, May 8th. 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 target price for the company. Finally, Stephens restated an "overweight" rating and issued a $55.00 target price on shares of Andersons in a research report on Wednesday, February 19th.

Andersons Price Performance

Shares of NASDAQ:ANDE traded down $0.27 during midday trading on Thursday, hitting $34.20. The stock had a trading volume of 237,854 shares, compared to its average volume of 261,924. The company's 50-day moving average price is $36.93 and its 200-day moving average price is $41.07. The company has a market capitalization of $1.17 billion, a P/E ratio of 10.30 and a beta of 0.73. The company has a quick ratio of 0.90, a current ratio of 1.65 and a debt-to-equity ratio of 0.38. The Andersons, Inc. has a fifty-two week low of $31.03 and a fifty-two week high of $55.52.

Andersons (NASDAQ:ANDE - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 net margin of 1.01% and a return on equity of 7.59%. The firm's quarterly revenue was down 2.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.16 EPS. As a group, equities research analysts predict that The Andersons, Inc. will post 3.11 EPS for the current fiscal year.

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.