The Andersons, Inc. $ANDE Stake Lifted by SG Americas Securities LLC

SG Americas Securities LLC boosted its stake in The Andersons, Inc. (NASDAQ:ANDE) by 552.8% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 39,621 shares of the basic materials company’s stock after purchasing an additional 33,552 shares during the period. SG Americas Securities LLC’s holdings in Andersons were worth $1,456,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of ANDE. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Andersons by 7.7% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,279 shares of the basic materials company’s stock worth $304,000 after acquiring an additional 591 shares during the last quarter. Geode Capital Management LLC boosted its stake in Andersons by 0.6% during the 2nd quarter. Geode Capital Management LLC now owns 799,891 shares of the basic materials company’s stock valued at $29,400,000 after purchasing an additional 4,495 shares during the period. ProShare Advisors LLC boosted its stake in Andersons by 3.1% during the 2nd quarter. ProShare Advisors LLC now owns 177,089 shares of the basic materials company’s stock valued at $6,508,000 after purchasing an additional 5,268 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new position in Andersons in the 2nd quarter worth about $1,723,000. Finally, Jennison Associates LLC acquired a new stake in shares of Andersons in the second quarter valued at approximately $356,000. Institutional investors and hedge funds own 87.06% of the company’s stock.

Insider Activity

In other news, VP Anne G. Rex sold 3,000 shares of the business’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $51.36, for a total value of $154,080.00. Following the sale, the vice president owned 23,549 shares of the company’s stock, valued at approximately $1,209,476.64. The trade was a 11.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 4.30% of the company’s stock.

Analysts Set New Price Targets

ANDE has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Andersons in a report on Wednesday, October 8th. BMO Capital Markets raised their target price on Andersons from $45.00 to $50.00 and gave the company a “market perform” rating in a research report on Thursday, November 6th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Andersons currently has an average rating of “Moderate Buy” and an average price target of $53.33.

Andersons Trading Down 1.6%

Shares of NASDAQ:ANDE opened at $48.62 on Friday. The company has a 50 day moving average of $44.48 and a 200-day moving average of $39.67. The company has a current ratio of 2.01, a quick ratio of 1.30 and a debt-to-equity ratio of 0.36. The firm has a market cap of $1.65 billion, a P/E ratio of 20.69 and a beta of 0.76. The Andersons, Inc. has a twelve month low of $31.03 and a twelve month high of $51.89.

Andersons (NASDAQ:ANDE) last posted its quarterly earnings data on Tuesday, November 4th. The basic materials company reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.38. Andersons had a net margin of 0.70% and a return on equity of 5.28%. The business had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.85 billion. During the same quarter last year, the business earned $0.80 earnings per share. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. As a group, analysts anticipate that The Andersons, Inc. will post 3.11 earnings per share for the current fiscal 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.