The Andersons, Inc. (NASDAQ:ANDE) Shares Purchased by Jane Street Group LLC

Jane Street Group LLC grew its holdings in shares of The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 123.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 73,959 shares of the basic materials company's stock after buying an additional 40,833 shares during the period. Jane Street Group LLC owned 0.22% of Andersons worth $2,997,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. American Century Companies Inc. lifted its holdings in Andersons by 7.8% during the 4th quarter. American Century Companies Inc. now owns 1,166,781 shares of the basic materials company's stock worth $47,278,000 after buying an additional 84,133 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Andersons by 15.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 751,624 shares of the basic materials company's stock worth $30,456,000 after buying an additional 99,045 shares during the last quarter. Northern Trust Corp lifted its holdings in Andersons by 11.0% during the 4th quarter. Northern Trust Corp now owns 615,897 shares of the basic materials company's stock worth $24,956,000 after buying an additional 61,250 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Andersons by 10.6% during the 4th quarter. JPMorgan Chase & Co. now owns 397,691 shares of the basic materials company's stock worth $16,114,000 after buying an additional 38,020 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Andersons by 14.2% during the 4th quarter. Bank of New York Mellon Corp now owns 353,271 shares of the basic materials company's stock worth $14,315,000 after buying an additional 44,022 shares during the last quarter. 87.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Lake Street Capital decreased 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. BMO Capital Markets assumed coverage on Andersons in a report on Tuesday, May 6th. They issued a "market perform" rating and a $45.00 target price for the company. Stephens reissued an "overweight" rating and issued a $55.00 target price on shares of Andersons in a report on Wednesday, February 19th. Finally, StockNews.com downgraded Andersons from a "buy" rating to a "hold" rating in a report on Thursday.

Insider Activity at Andersons

In related news, VP Weston Heide sold 800 shares of the business's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $48.00, for a total value of $38,400.00. Following the transaction, the vice president now owns 16,104 shares in the company, valued at $772,992. The trade was a 4.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 4.30% of the stock is currently owned by insiders.

Andersons Stock Performance

Shares of Andersons stock traded down $0.33 on Monday, hitting $35.74. The stock had a trading volume of 228,563 shares, compared to its average volume of 257,478. The Andersons, Inc. has a 52-week low of $31.03 and a 52-week high of $55.52. The company has a current ratio of 1.65, a quick ratio of 0.90 and a debt-to-equity ratio of 0.38. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of 10.77 and a beta of 0.73. The company's 50 day moving average price is $38.88 and its 200 day moving average price is $42.02.

Andersons (NASDAQ:ANDE - Get Free Report) last posted 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 business had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.85 billion. During the same period in the previous year, the business earned $0.16 EPS. The business's quarterly revenue was down 2.3% on a year-over-year basis. On average, research analysts anticipate that The Andersons, Inc. will post 3.11 EPS for the current 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.