Jane Street Group LLC lifted its stake in The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 123.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 73,959 shares of the basic materials company's stock after buying an additional 40,833 shares during the quarter. Jane Street Group LLC owned about 0.22% of Andersons worth $2,997,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently made changes to their positions in the stock. KBC Group NV grew its position in shares of Andersons by 70.3% during the fourth 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. EverSource Wealth Advisors LLC grew its position in shares of Andersons by 16.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,866 shares of the basic materials company's stock worth $116,000 after purchasing an additional 412 shares in the last quarter. Walleye Capital LLC purchased a new stake in shares of Andersons during the fourth quarter worth about $213,000. Arete Wealth Advisors LLC grew 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 purchased a new stake in shares of Andersons during the fourth quarter worth about $280,000. Institutional investors own 87.06% of the company's stock.
Wall Street Analyst Weigh In
Several analysts recently issued reports on ANDE shares. BMO Capital Markets started coverage on Andersons in a research report on Tuesday, May 6th. They set a "market perform" rating and a $45.00 target price for the company. Stephens reiterated an "overweight" rating and set a $55.00 target price 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 report on Thursday. Finally, Lake Street Capital cut their price target on Andersons from $70.00 to $55.00 and set a "buy" rating for the company in a report on Thursday, May 8th.
Check Out Our Latest Stock Report on Andersons
Andersons Price Performance
NASDAQ ANDE traded up $0.63 during trading on Friday, hitting $36.07. 222,013 shares of the stock traded hands, compared to its average volume of 257,037. The company has a market capitalization of $1.23 billion, a P/E ratio of 10.86 and a beta of 0.73. The firm has a 50-day simple moving average of $38.99 and a 200-day simple moving average of $42.13. 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 12-month low of $31.03 and a 12-month high of $55.52.
Andersons (NASDAQ:ANDE - Get Free Report) last released its quarterly 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. The business had revenue of $2.66 billion during the quarter, compared to analysts' expectations of $2.85 billion. Andersons had a return on equity of 7.59% and a net margin of 1.01%. The firm's revenue for the quarter was down 2.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.16 EPS. As a group, analysts predict that The Andersons, Inc. will post 3.11 EPS for the current year.
Insider Transactions at Andersons
In other news, VP Weston Heide sold 800 shares of Andersons stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $48.00, for a total value 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 4.30% of the company's stock.
Andersons Company Profile
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Free Report)
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.
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