Charles Schwab Investment Management Inc. Purchases 18,482 Shares of The Andersons, Inc. (NASDAQ:ANDE)

Charles Schwab Investment Management Inc. raised its position in The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 2.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 683,933 shares of the basic materials company's stock after purchasing an additional 18,482 shares during the period. Charles Schwab Investment Management Inc. owned 2.03% of Andersons worth $39,354,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. C M Bidwell & Associates Ltd. acquired a new position in shares of Andersons in the third quarter valued at approximately $33,000. Mitsubishi UFJ Trust & Banking Corp bought a new position in Andersons during the 3rd quarter valued at $107,000. Meeder Asset Management Inc. acquired a new stake in shares of Andersons during the fourth quarter worth $110,000. Mackenzie Financial Corp acquired a new stake in shares of Andersons during the fourth quarter worth $215,000. Finally, Nomura Holdings Inc. acquired a new stake in shares of Andersons during the third quarter worth $216,000. 87.06% of the stock is owned by hedge funds and other institutional investors.

Andersons Stock Performance

ANDE stock traded down $0.40 on Monday, reaching $51.07. 151,278 shares of the company were exchanged, compared to its average volume of 181,928. The firm has a market capitalization of $1.74 billion, a PE ratio of 14.43 and a beta of 0.69. The Andersons, Inc. has a 12 month low of $38.53 and a 12 month high of $61.46. The stock's fifty day moving average price is $55.73 and its 200 day moving average price is $54.08. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.04 and a quick ratio of 1.13.

Andersons (NASDAQ:ANDE - Get Free Report) last issued its quarterly earnings results on Wednesday, May 15th. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.07). Andersons had a net margin of 0.89% and a return on equity of 7.93%. The firm had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $3.46 billion. During the same quarter in the prior year, the firm earned $0.20 earnings per share. The company's revenue was down 30.0% on a year-over-year basis. On average, research analysts anticipate that The Andersons, Inc. will post 2.54 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ANDE has been the subject of a number of recent analyst reports. StockNews.com lowered shares of Andersons from a "buy" rating to a "hold" rating in a research report on Thursday, May 9th. Roth Capital restated a "buy" rating and set a $65.00 price objective on shares of Andersons in a research report on Tuesday, February 6th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $62.50.

Insiders Place Their Bets

In other Andersons news, CEO Patrick E. Bowe sold 1,338 shares of the firm's stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $55.12, for a total value of $73,750.56. Following the completion of the sale, the chief executive officer now owns 89,315 shares in the company, valued at approximately $4,923,042.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Michael J. Anderson sold 3,000 shares of the firm's stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $59.00, for a total transaction of $177,000.00. Following the completion of the transaction, the director now owns 209,968 shares in the company, valued at approximately $12,388,112. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Patrick E. Bowe sold 1,338 shares of the firm's stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $55.12, for a total value of $73,750.56. Following the transaction, the chief executive officer now owns 89,315 shares of the company's stock, valued at approximately $4,923,042.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 45,245 shares of company stock worth $2,534,099. 5.10% of the stock is currently owned by company insiders.

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.