The Andersons, Inc. (NASDAQ:ANDE) Shares Bought by Bank of America Corp DE

Bank of America Corp DE lifted its position in shares of The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 60.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,639 shares of the basic materials company's stock after acquiring an additional 28,182 shares during the quarter. Bank of America Corp DE owned 0.22% of Andersons worth $3,024,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of ANDE. KBC Group NV boosted its position in Andersons by 70.3% during the fourth quarter. KBC Group NV now owns 1,558 shares of the basic materials company's stock worth $63,000 after acquiring an additional 643 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Andersons by 16.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,866 shares of the basic materials company's stock worth $116,000 after purchasing an additional 412 shares during the last quarter. Walleye Capital LLC acquired a new stake in shares of Andersons during the fourth quarter worth $213,000. Arete Wealth Advisors LLC grew its position in shares of Andersons by 9.4% in the fourth quarter. Arete Wealth Advisors LLC now owns 6,710 shares of the basic materials company's stock valued at $272,000 after purchasing an additional 579 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Andersons in the fourth quarter valued at $280,000. Institutional investors and hedge funds own 87.06% of the company's stock.

Andersons Stock Down 0.5%

NASDAQ ANDE traded down $0.18 during mid-day trading on Wednesday, reaching $35.13. 24,326 shares of the company's stock traded hands, compared to its average volume of 260,762. The company has a fifty day simple moving average of $37.11 and a 200-day simple moving average of $41.11. The Andersons, Inc. has a 1-year low of $31.03 and a 1-year high of $55.52. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 10.58 and a beta of 0.73. The company has a current ratio of 1.65, a quick ratio of 0.90 and a debt-to-equity ratio of 0.38.

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. Andersons had a return on equity of 7.59% and a net margin of 1.01%. The firm had revenue of $2.66 billion for the quarter, compared to analysts' expectations of $2.85 billion. During the same quarter in the prior year, the firm posted $0.16 earnings per share. Andersons's revenue for the quarter was down 2.3% compared to the same quarter last year. As a group, equities research analysts expect that The Andersons, Inc. will post 3.11 EPS for the current year.

Analyst Ratings Changes

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

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.