Vest Financial LLC Buys Shares of 68,584 The Andersons, Inc. (NASDAQ:ANDE)

Vest Financial LLC purchased a new position in shares of The Andersons, Inc. (NASDAQ:ANDE - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 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.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC grew its holdings in Andersons by 22,491.5% in the 1st quarter. GAMMA Investing LLC now owns 77,489 shares of the basic materials company's stock valued at $3,327,000 after buying an additional 77,146 shares during the period. Wellington Management Group LLP grew its stake in shares of Andersons by 150.2% during the 4th quarter. Wellington Management Group LLP now owns 139,626 shares of the basic materials company's stock valued at $5,658,000 after buying an additional 83,817 shares during the period. Mackenzie Financial Corp increased its holdings in shares of Andersons by 228.3% during the 4th quarter. Mackenzie Financial Corp now owns 14,480 shares of the basic materials company's stock worth $587,000 after buying an additional 10,069 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Andersons in the 4th quarter worth $973,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Andersons by 15.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 92,692 shares of the basic materials company's stock valued at $3,756,000 after acquiring an additional 12,430 shares during the last quarter. Hedge funds and other institutional investors own 87.06% of the company's stock.

Andersons Price Performance

Shares of ANDE stock traded up $1.22 during mid-day trading on Tuesday, hitting $35.94. 215,220 shares of the stock traded hands, compared to its average volume of 264,601. The Andersons, Inc. has a twelve month low of $31.03 and a twelve month high of $55.52. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 10.83 and a beta of 0.76. The company's 50-day simple moving average is $36.30 and its 200-day simple moving average is $40.66. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.90 and a current ratio of 1.65.

Andersons (NASDAQ:ANDE - Get Free Report) last announced its 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. The company had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.85 billion. Andersons had a net margin of 1.01% and a return on equity of 7.59%. The company's revenue was down 2.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.16 EPS. As a group, equities research analysts expect that The Andersons, Inc. will post 3.11 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Stephens reaffirmed an "overweight" rating and set a $55.00 price target on shares of Andersons in a report on Wednesday, February 19th. 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. 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 for the company. Finally, Wall Street Zen downgraded Andersons from a "buy" rating to a "hold" rating in a research note on Thursday, May 15th.

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.