Wellington Management Group LLP Purchases 83,817 Shares of The Andersons, Inc. (NASDAQ:ANDE)

Wellington Management Group LLP grew its stake in The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 150.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 139,626 shares of the basic materials company's stock after purchasing an additional 83,817 shares during the period. Wellington Management Group LLP owned about 0.41% of Andersons worth $5,658,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its stake in shares of Andersons by 16.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,866 shares of the basic materials company's stock valued at $116,000 after buying an additional 412 shares during the period. Arete Wealth Advisors LLC raised its holdings in Andersons by 9.4% in the 4th quarter. Arete Wealth Advisors LLC now owns 6,710 shares of the basic materials company's stock valued at $272,000 after acquiring an additional 579 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Andersons by 3.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,559 shares of the basic materials company's stock worth $752,000 after acquiring an additional 634 shares during the period. KBC Group NV grew its holdings in shares of Andersons by 70.3% during the 4th quarter. KBC Group NV now owns 1,558 shares of the basic materials company's stock worth $63,000 after purchasing an additional 643 shares in the last quarter. Finally, Sterling Capital Management LLC increased its position in shares of Andersons by 9.0% during the fourth quarter. Sterling Capital Management LLC now owns 9,912 shares of the basic materials company's stock valued at $402,000 after purchasing an additional 819 shares during the period. Institutional investors own 87.06% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on ANDE. BMO Capital Markets assumed coverage on Andersons in a research report on Tuesday, May 6th. They issued a "market perform" rating and a $45.00 target price for the company. Wall Street Zen downgraded shares of Andersons from a "buy" rating to a "hold" rating in a report on Thursday, May 15th. Stephens reiterated an "overweight" rating and set a $55.00 target price on shares of Andersons in a research report on Wednesday, February 19th. Finally, Lake Street Capital dropped their price target on shares of Andersons from $70.00 to $55.00 and set a "buy" rating for the company in a research report on Thursday, May 8th.

Andersons Price Performance

ANDE stock traded up $0.27 during trading on Friday, hitting $34.47. The company had a trading volume of 111,259 shares, compared to its average volume of 261,804. The company has a fifty day moving average price of $36.76 and a two-hundred day moving average price of $40.97. The Andersons, Inc. has a fifty-two week low of $31.03 and a fifty-two week high of $55.52. The company has a market cap of $1.18 billion, a P/E ratio of 10.38 and a beta of 0.76. 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 issued its quarterly earnings data 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. Andersons had a return on equity of 7.59% and a net margin of 1.01%. The company had revenue of $2.66 billion during the quarter, compared to analysts' expectations of $2.85 billion. During the same period last year, the business earned $0.16 earnings per share. The business's revenue was down 2.3% on a year-over-year basis. Equities research analysts expect 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.