Vest Financial LLC Takes Position in The Andersons, Inc. (NASDAQ:ANDE)

Vest Financial LLC bought a new stake in The Andersons, Inc. (NASDAQ:ANDE - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 68,584 shares of the basic materials company's stock, valued at approximately $2,944,000. Vest Financial LLC owned 0.20% of Andersons as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of ANDE. Barclays PLC raised its holdings in shares of Andersons by 347.7% in the 3rd quarter. Barclays PLC now owns 54,358 shares of the basic materials company's stock valued at $2,725,000 after buying an additional 42,217 shares during the period. KBC Group NV raised its holdings in shares of Andersons by 70.3% in the 4th 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 during the period. Empowered Funds LLC raised its holdings in shares of Andersons by 5.8% in the 4th quarter. Empowered Funds LLC now owns 232,213 shares of the basic materials company's stock valued at $9,364,000 after buying an additional 12,792 shares during the period. Rhumbline Advisers raised its holdings in shares of 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 buying an additional 2,617 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in shares of 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 buying an additional 4,316 shares during the period. Hedge funds and other institutional investors own 87.06% of the company's stock.

Wall Street Analyst Weigh In

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

Andersons Stock Up 1.4%

NASDAQ ANDE traded up $0.47 during trading hours on Friday, hitting $34.67. 214,203 shares of the company were exchanged, compared to its average volume of 263,400. The company has a 50 day moving average of $36.58 and a two-hundred day moving average of $40.78. 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 52-week low of $31.03 and a 52-week high of $55.52. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of 10.44 and a beta of 0.76.

Andersons (NASDAQ:ANDE - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The basic materials company reported $0.12 EPS for the quarter, beating 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 business had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.85 billion. During the same quarter in the prior year, the business posted $0.16 EPS. The business's revenue for the quarter was down 2.3% on a year-over-year basis. Equities research analysts anticipate that The Andersons, Inc. will post 3.11 earnings per share for the current year.

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.