First Trust Advisors LP lifted its position in shares of Andersons Inc (NASDAQ:ANDE) by 58.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 47,743 shares of the basic materials company’s stock after acquiring an additional 17,654 shares during the period. First Trust Advisors LP owned 0.17% of Andersons worth $1,635,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently added to or reduced their stakes in the company. Strs Ohio grew its position in Andersons by 1.1% in the 3rd quarter. Strs Ohio now owns 125,100 shares of the basic materials company’s stock valued at $4,284,000 after buying an additional 1,400 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in Andersons by 10.2% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,928 shares of the basic materials company’s stock valued at $202,000 after buying an additional 549 shares in the last quarter. Walthausen & Co. LLC bought a new position in Andersons in the 2nd quarter valued at about $11,260,000. The Manufacturers Life Insurance Company grew its position in Andersons by 0.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,957 shares of the basic materials company’s stock valued at $716,000 after buying an additional 181 shares in the last quarter. Finally, State Street Corp grew its position in Andersons by 0.6% in the 2nd quarter. State Street Corp now owns 664,780 shares of the basic materials company’s stock valued at $22,702,000 after buying an additional 4,120 shares in the last quarter. Institutional investors and hedge funds own 77.79% of the company’s stock.
Andersons Inc (NASDAQ ANDE) traded up $0.45 during trading hours on Friday, hitting $31.85. 457,160 shares of the stock traded hands, compared to its average volume of 128,219. Andersons Inc has a one year low of $29.60 and a one year high of $44.90. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.56 and a current ratio of 1.36. The company has a market cap of $914.48, a price-to-earnings ratio of 30.42 and a beta of 1.29.
Andersons (NASDAQ:ANDE) last posted its quarterly earnings data on Monday, November 6th. The basic materials company reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.07). Andersons had a negative net margin of 0.45% and a positive return on equity of 3.91%. The business had revenue of $836.60 million for the quarter, compared to the consensus estimate of $899.95 million. During the same quarter last year, the business posted $0.06 EPS. The business’s revenue for the quarter was down 2.7% on a year-over-year basis. equities analysts forecast that Andersons Inc will post 1.08 earnings per share for the current year.
ANDE has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Andersons from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 1st. BMO Capital Markets reduced their price objective on shares of Andersons from $39.00 to $34.00 and set a “market perform” rating for the company in a research report on Wednesday, November 8th. Buckingham Research lowered shares of Andersons from a “buy” rating to a “neutral” rating in a research report on Wednesday, November 8th. Finally, BidaskClub lowered shares of Andersons from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 24th. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $34.50.
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The Andersons, Inc is a diversified company. The Company conducts business across North America in the grain, ethanol, plant nutrient and rail sectors. The Company also produces turf and cob products. The Company operates through segments, including Grain, Ethanol, Rail and Plant Nutrient. Its Grain business operates grain elevators in various states in the United States Corn Belt.
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