UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Stock Holdings in The Andersons, Inc. (NASDAQ:ANDE)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 15.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 92,692 shares of the basic materials company's stock after purchasing an additional 12,430 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.27% of Andersons worth $3,756,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Voloridge Investment Management LLC acquired a new position in Andersons during the fourth quarter worth approximately $8,651,000. Cubist Systematic Strategies LLC acquired a new position in shares of Andersons in the 4th quarter valued at $8,545,000. Millennium Management LLC raised its position in Andersons by 3,547.8% in the 4th quarter. Millennium Management LLC now owns 204,532 shares of the basic materials company's stock valued at $8,288,000 after purchasing an additional 198,925 shares during the last quarter. D. E. Shaw & Co. Inc. acquired a new stake in Andersons during the 4th quarter worth $7,354,000. Finally, Balyasny Asset Management L.P. purchased a new position in Andersons during the 4th quarter worth $4,283,000. 87.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on ANDE shares. Lake Street Capital reduced their target price 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. Stephens reiterated an "overweight" rating and issued a $55.00 price objective on shares of Andersons in a research report on Wednesday, February 19th. BMO Capital Markets initiated coverage on shares of Andersons in a report on Tuesday, May 6th. They set a "market perform" rating and a $45.00 target price for the company. Finally, Wall Street Zen cut shares of Andersons from a "buy" rating to a "hold" rating in a research report on Thursday, May 15th.

Andersons Price Performance

Shares of NASDAQ:ANDE traded up $0.47 on Friday, hitting $34.67. The company had a trading volume of 214,203 shares, compared to its average volume of 263,400. The company has a current ratio of 1.65, a quick ratio of 0.90 and a debt-to-equity ratio of 0.38. The company has a market cap of $1.19 billion, a PE ratio of 10.44 and a beta of 0.76. The Andersons, Inc. has a 52-week low of $31.03 and a 52-week high of $55.52. The business has a 50 day moving average of $36.58 and a 200 day moving average of $40.78.

Andersons (NASDAQ:ANDE - Get Free Report) last released its earnings results on Tuesday, May 6th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.08) by $0.20. The company had revenue of $2.66 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the firm earned $0.16 EPS. As a group, equities analysts anticipate that The Andersons, Inc. will post 3.11 earnings per share 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.