Squarepoint Ops LLC Has $1.92 Million Position in The Andersons, Inc. (NASDAQ:ANDE)

Squarepoint Ops LLC raised its stake in The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 374.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,410 shares of the basic materials company's stock after purchasing an additional 37,410 shares during the quarter. Squarepoint Ops LLC owned about 0.14% of Andersons worth $1,921,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ANDE. American Century Companies Inc. boosted its stake in Andersons by 7.8% during the 4th quarter. American Century Companies Inc. now owns 1,166,781 shares of the basic materials company's stock valued at $47,278,000 after acquiring an additional 84,133 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Andersons by 15.2% during the 4th 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 in the last quarter. Northern Trust Corp lifted its holdings in Andersons by 11.0% in the fourth quarter. Northern Trust Corp now owns 615,897 shares of the basic materials company's stock worth $24,956,000 after purchasing an additional 61,250 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of Andersons by 21.4% in the 4th quarter. Ameriprise Financial Inc. now owns 463,548 shares of the basic materials company's stock worth $18,783,000 after acquiring an additional 81,777 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in Andersons by 10.6% during the 4th quarter. JPMorgan Chase & Co. now owns 397,691 shares of the basic materials company's stock valued at $16,114,000 after purchasing an additional 38,020 shares in the last quarter. 87.06% of the stock is owned by institutional investors and hedge funds.

Andersons Price Performance

Andersons stock traded up $0.08 on Friday, reaching $35.82. The company's stock had a trading volume of 516,114 shares, compared to its average volume of 261,251. The Andersons, Inc. has a twelve month low of $31.03 and a twelve month high of $55.52. The business's fifty day moving average price is $37.44 and its 200 day moving average price is $41.32. 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 company has a market cap of $1.22 billion, a price-to-earnings ratio of 10.79 and a beta of 0.73.

Andersons (NASDAQ:ANDE - Get Free Report) last posted its quarterly earnings results 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. Andersons had a return on equity of 7.59% and a net margin of 1.01%. The business had revenue of $2.66 billion for the quarter, compared to analysts' expectations of $2.85 billion. During the same quarter last year, the business earned $0.16 earnings per share. The firm's quarterly revenue was down 2.3% compared to the same quarter last year. Equities analysts expect that The Andersons, Inc. will post 3.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Wall Street Zen lowered shares of Andersons from a "buy" rating to a "hold" rating in a research report on Thursday, May 15th. Lake Street Capital lowered their price objective on shares of Andersons from $70.00 to $55.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. BMO Capital Markets began coverage on Andersons in a research note on Tuesday, May 6th. They set a "market perform" rating and a $45.00 price target for the company. Finally, Stephens restated an "overweight" rating and set a $55.00 target price on shares of Andersons in a report on Wednesday, February 19th.

Andersons Company 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.