Victory Capital Management Inc. boosted its stake in shares of The Andersons Inc. (NASDAQ:ANDE) by 2.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,656,655 shares of the company’s stock after buying an additional 32,400 shares during the period. Victory Capital Management Inc. owned approximately 0.06% of The Andersons worth $59,938,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ANDE. Aperio Group LLC boosted its stake in shares of The Andersons by 3.2% in the third quarter. Aperio Group LLC now owns 6,660 shares of the company’s stock valued at $241,000 after buying an additional 204 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in shares of The Andersons by 10.6% in the third quarter. Advisors Asset Management Inc. now owns 11,323 shares of the company’s stock valued at $410,000 after buying an additional 1,085 shares during the last quarter. Chicago Equity Partners LLC bought a new stake in shares of The Andersons during the third quarter valued at approximately $810,000. Great West Life Assurance Co. Can boosted its stake in shares of The Andersons by 0.5% in the third quarter. Great West Life Assurance Co. Can now owns 34,896 shares of the company’s stock valued at $1,262,000 after buying an additional 181 shares during the last quarter. Finally, Alpha Windward LLC boosted its stake in shares of The Andersons by 2.5% in the third quarter. Alpha Windward LLC now owns 12,120 shares of the company’s stock valued at $439,000 after buying an additional 300 shares during the last quarter. 70.55% of the stock is owned by institutional investors.
The Andersons Inc. (NASDAQ:ANDE) traded down 4.59% during trading on Monday, hitting $38.45. The company’s stock had a trading volume of 112,453 shares. The firm has a 50 day moving average of $37.45 and a 200 day moving average of $35.76. The firm’s market cap is $1.09 billion. The Andersons Inc. has a 12 month low of $23.25 and a 12 month high of $40.75.
The Andersons (NASDAQ:ANDE) last issued its earnings results on Monday, November 7th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.18 by $0.12. The Andersons had a negative net margin of 1.14% and a positive return on equity of 0.83%. The company earned $859.60 million during the quarter, compared to analysts’ expectations of $966.51 million. During the same period last year, the business posted ($0.04) earnings per share. The company’s quarterly revenue was down 5.4% on a year-over-year basis. Equities research analysts predict that The Andersons Inc. will post $0.66 earnings per share for the current year.
ANDE has been the topic of several analyst reports. Zacks Investment Research upgraded The Andersons from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a report on Tuesday, September 27th. Buckingham Research upgraded The Andersons from a “neutral” rating to a “buy” rating and increased their price target for the stock from $40.00 to $42.00 in a report on Monday, September 26th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $42.67.
In other news, Director Jacqueline F. Woods sold 2,395 shares of the firm’s stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $36.01, for a total transaction of $86,243.95. Following the completion of the transaction, the director now directly owns 16,073 shares of the company’s stock, valued at approximately $578,788.73. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider William J. Wolf sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, November 18th. The stock was sold at an average price of $38.18, for a total transaction of $76,360.00. Following the transaction, the insider now directly owns 37,058 shares of the company’s stock, valued at $1,414,874.44. The disclosure for this sale can be found here. Insiders own 5.90% of the company’s stock.
About The Andersons
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, and has a consumer retailing presence. The Company operates through five segments: Grain, Ethanol, Rail, Plant Nutrient and Retail.