Northern Trust Corp Acquires 61,250 Shares of The Andersons, Inc. (NASDAQ:ANDE)

Northern Trust Corp raised its holdings in The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 11.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 615,897 shares of the basic materials company's stock after purchasing an additional 61,250 shares during the quarter. Northern Trust Corp owned approximately 1.81% of Andersons worth $24,956,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. KBC Group NV raised its holdings in shares of Andersons by 70.3% in the fourth 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 last quarter. EverSource Wealth Advisors LLC increased its position in Andersons by 16.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,866 shares of the basic materials company's stock valued at $116,000 after acquiring an additional 412 shares in the last quarter. Walleye Capital LLC bought a new position in shares of Andersons in the fourth quarter worth about $213,000. Arete Wealth Advisors LLC lifted its position in shares of Andersons by 9.4% during the fourth quarter. Arete Wealth Advisors LLC now owns 6,710 shares of the basic materials company's stock worth $272,000 after purchasing an additional 579 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Andersons during the fourth quarter worth approximately $280,000. Institutional investors and hedge funds own 87.06% of the company's stock.

Andersons Trading Up 1.8%

Shares of ANDE stock traded up $0.63 during trading hours on Friday, reaching $36.07. The company had a trading volume of 47,508 shares, compared to its average volume of 255,856. The Andersons, Inc. has a 1-year low of $31.03 and a 1-year high of $55.52. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.65 and a quick ratio of 0.90. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 10.86 and a beta of 0.73. The company has a 50 day moving average of $39.12 and a 200 day moving average of $42.20.

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 for the quarter, beating the consensus estimate of ($0.08) by $0.20. Andersons had a return on equity of 7.59% and a net margin of 1.01%. The firm had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.85 billion. During the same quarter in the prior year, the firm posted $0.16 earnings per share. The company's quarterly revenue was down 2.3% on a year-over-year basis. On average, equities research analysts anticipate that The Andersons, Inc. will post 3.11 EPS for the current year.

Wall Street Analysts Forecast Growth

ANDE has been the subject of several research analyst reports. Stephens restated an "overweight" rating and issued a $55.00 price objective on shares of Andersons in a research report on Wednesday, February 19th. StockNews.com cut Andersons from a "buy" rating to a "hold" rating in a research note on Thursday. Lake Street Capital dropped their price objective on Andersons from $70.00 to $55.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Finally, BMO Capital Markets assumed coverage on shares of Andersons in a research note on Tuesday, May 6th. They issued a "market perform" rating and a $45.00 target price on the stock.

Insider Activity

In related news, VP Weston Heide sold 800 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $48.00, for a total transaction of $38,400.00. Following the completion of the transaction, the vice president now owns 16,104 shares in the company, valued at approximately $772,992. The trade was a 4.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.30% of the stock is currently owned by company insiders.

Andersons 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.