First Trust Advisors LP increased its position in shares of Andersons Inc (NASDAQ:ANDE) by 18.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 69,396 shares of the basic materials company’s stock after buying an additional 10,631 shares during the period. First Trust Advisors LP owned about 0.25% of Andersons worth $2,613,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Piedmont Investment Advisors LLC acquired a new position in Andersons in the second quarter valued at approximately $212,000. Luminus Management LLC acquired a new position in Andersons in the second quarter valued at approximately $239,000. Sei Investments Co. boosted its holdings in Andersons by 4,996.6% in the second quarter. Sei Investments Co. now owns 7,390 shares of the basic materials company’s stock valued at $253,000 after purchasing an additional 7,245 shares in the last quarter. Xact Kapitalforvaltning AB acquired a new position in Andersons in the second quarter valued at approximately $291,000. Finally, SG Americas Securities LLC boosted its holdings in Andersons by 95.4% in the second quarter. SG Americas Securities LLC now owns 9,394 shares of the basic materials company’s stock valued at $321,000 after purchasing an additional 4,586 shares in the last quarter. Hedge funds and other institutional investors own 79.04% of the company’s stock.
ANDE stock opened at $33.39 on Friday. The company has a market capitalization of $959.37 million, a PE ratio of 28.25 and a beta of 1.24. Andersons Inc has a twelve month low of $29.86 and a twelve month high of $41.70. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.27 and a quick ratio of 0.56.
Andersons (NASDAQ:ANDE) last posted its quarterly earnings data on Monday, November 5th. The basic materials company reported ($0.07) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.18). The firm had revenue of $685.60 million during the quarter, compared to analyst estimates of $839.00 million. Andersons had a net margin of 2.66% and a return on equity of 4.05%. Andersons’s revenue was down 18.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.09 earnings per share. On average, sell-side analysts predict that Andersons Inc will post 1.72 EPS for the current year.
In related news, insider Michael S. Irmen sold 5,564 shares of the stock in a transaction on Wednesday, November 28th. The stock was sold at an average price of $33.45, for a total transaction of $186,115.80. Following the completion of the sale, the insider now directly owns 6,453 shares of the company’s stock, valued at $215,852.85. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Stephen F. Dowdle purchased 1,950 shares of the firm’s stock in a transaction that occurred on Friday, November 9th. The shares were bought at an average cost of $33.24 per share, with a total value of $64,818.00. Following the completion of the acquisition, the director now owns 3,693 shares of the company’s stock, valued at $122,755.32. The disclosure for this purchase can be found here. 5.50% of the stock is currently owned by corporate insiders.
A number of equities analysts recently issued reports on ANDE shares. Stephens raised Andersons from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $35.50 to $44.00 in a report on Wednesday, August 8th. BMO Capital Markets increased their price objective on Andersons from $36.00 to $40.00 and gave the company a “market perform” rating in a report on Thursday, August 9th. Buckingham Research increased their price objective on Andersons from $35.00 to $40.00 and gave the company a “neutral” rating in a report on Thursday, August 9th. TheStreet raised Andersons from a “c” rating to a “b” rating in a report on Friday, August 10th. Finally, ValuEngine downgraded Andersons from a “buy” rating to a “hold” rating in a report on Thursday, September 27th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $41.33.
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The Andersons, Inc, an agriculture company, operates in the grain, ethanol, plant nutrient, and rail sectors in the United States and internationally. The company's Grain segment operates grain elevators; stores grains; and provides grain marketing, risk management, and corn origination services to its customers and affiliated ethanol facilities.
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