ProShare Advisors LLC Trims Stake in The Andersons, Inc. $ANDE

ProShare Advisors LLC decreased its position in shares of The Andersons, Inc. (NASDAQ:ANDE) by 20.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 124,782 shares of the basic materials company’s stock after selling 31,589 shares during the period. ProShare Advisors LLC’s holdings in Andersons were worth $6,635,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Versor Investments LP purchased a new position in shares of Andersons during the 4th quarter worth approximately $489,000. Strs Ohio purchased a new position in shares of Andersons during the 4th quarter worth approximately $229,000. Horizon Investments LLC purchased a new position in shares of Andersons during the 4th quarter worth approximately $829,000. New York State Teachers Retirement System grew its holdings in shares of Andersons by 2.3% during the 4th quarter. New York State Teachers Retirement System now owns 57,113 shares of the basic materials company’s stock worth $3,037,000 after acquiring an additional 1,292 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of Andersons by 17.0% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 41,219 shares of the basic materials company’s stock worth $2,192,000 after acquiring an additional 5,983 shares during the period. Hedge funds and other institutional investors own 87.06% of the company’s stock.

Analysts Set New Price Targets

ANDE has been the topic of a number of research analyst reports. Wall Street Zen upgraded Andersons from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Benchmark upped their target price on Andersons from $75.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. UBS Group set a $90.00 target price on Andersons in a report on Wednesday. Weiss Ratings upgraded Andersons from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. Finally, BMO Capital Markets upped their target price on Andersons from $65.00 to $75.00 and gave the stock an “outperform” rating in a report on Thursday, February 19th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $85.00.

Insider Transactions at Andersons

In other news, Director John T. Stout, Jr. sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $70.30, for a total value of $175,750.00. Following the sale, the director directly owned 23,441 shares of the company’s stock, valued at $1,647,902.30. The trade was a 9.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Brian K. Walz sold 8,975 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $70.74, for a total value of $634,891.50. Following the completion of the sale, the vice president directly owned 11,913 shares in the company, valued at approximately $842,725.62. This represents a 42.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 95,565 shares of company stock valued at $7,191,438 in the last ninety days. 4.30% of the stock is currently owned by corporate insiders.

Andersons Stock Performance

Shares of ANDE opened at $70.85 on Friday. The company has a quick ratio of 0.62, a current ratio of 1.37 and a debt-to-equity ratio of 0.43. The business’s 50 day moving average price is $72.49 and its 200-day moving average price is $62.58. The Andersons, Inc. has a 52 week low of $31.84 and a 52 week high of $82.11. The stock has a market cap of $2.41 billion, a P/E ratio of 18.84 and a beta of 0.69.

Andersons (NASDAQ:ANDE) last issued its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.42. Andersons had a return on equity of 10.68% and a net margin of 1.17%.The firm had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.71 billion. During the same period in the previous year, the firm posted $0.12 EPS. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year.

About Andersons

The Andersons, Inc operates as a diversified agriculture company offering a broad range of products and services to farmers, retailers and industrial customers. Through its Grain Group, the company purchases, stores, merchandises and transports corn, soybeans and other commodities, while its Renewables Group produces ethanol and distillers grains at multiple plants in the U.S. The Rail Group provides locomotive leasing, railcar repair and related maintenance services, and the Horticulture Group supplies turf, specialty and horticultural products to landscaping professionals and consumer lawn and garden retailers.

Founded in 1947 and headquartered in Maumee, Ohio, The Andersons has grown from a regional grain elevator operator into an integrated agribusiness platform.