EP Wealth Advisors LLC Increases Holdings in The Andersons, Inc. (NASDAQ:ANDE)

EP Wealth Advisors LLC lifted its position in shares of The Andersons, Inc. (NASDAQ:ANDE) by 30.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,557 shares of the basic materials company’s stock after buying an additional 1,513 shares during the period. EP Wealth Advisors LLC’s holdings in Andersons were worth $266,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of ANDE. Cubist Systematic Strategies LLC purchased a new position in shares of Andersons during the 4th quarter valued at about $8,545,000. Balyasny Asset Management L.P. purchased a new position in shares of Andersons during the 4th quarter valued at about $4,283,000. Charles Schwab Investment Management Inc. grew its position in Andersons by 15.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 751,624 shares of the basic materials company’s stock worth $30,456,000 after acquiring an additional 99,045 shares during the last quarter. Intech Investment Management LLC increased its stake in Andersons by 221.3% in the 4th quarter. Intech Investment Management LLC now owns 135,678 shares of the basic materials company’s stock worth $5,498,000 after purchasing an additional 93,453 shares during the period. Finally, American Century Companies Inc. increased its stake in Andersons by 7.8% in the 4th quarter. American Century Companies Inc. now owns 1,166,781 shares of the basic materials company’s stock worth $47,278,000 after purchasing an additional 84,133 shares during the period. 87.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on ANDE shares. StockNews.com raised Andersons from a “hold” rating to a “buy” rating in a research note on Wednesday, May 7th. BMO Capital Markets started coverage on Andersons in a research note on Tuesday, May 6th. They issued a “market perform” rating and a $45.00 price target on the stock. Lake Street Capital decreased their price target on Andersons from $70.00 to $55.00 and set a “buy” rating on the stock in a research note on Thursday, May 8th. Finally, Stephens reaffirmed an “overweight” rating and issued a $55.00 price target on shares of Andersons in a research note on Wednesday, February 19th.

Insider Transactions at Andersons

In other news, VP Weston Heide sold 800 shares of Andersons stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $48.00, for a total value of $38,400.00. Following the sale, the vice president now directly owns 16,104 shares in the company, valued at approximately $772,992. This trade represents a 4.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 4.30% of the company’s stock.

Andersons Price Performance

Shares of ANDE stock opened at $36.36 on Wednesday. The firm has a market cap of $1.24 billion, a P/E ratio of 10.95 and a beta of 0.73. The Andersons, Inc. has a fifty-two week low of $31.03 and a fifty-two week high of $55.52. The business’s 50 day moving average price is $39.43 and its 200-day moving average price is $42.33. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.90 and a current ratio of 1.65.

Andersons (NASDAQ:ANDE) last issued its quarterly earnings data on Tuesday, May 6th. The basic materials company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.20. The firm had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.85 billion. Andersons had a return on equity of 7.59% and a net margin of 1.01%. The business’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same period last year, the company earned $0.16 EPS. On average, equities research analysts anticipate that The Andersons, Inc. will post 3.11 earnings per share for the current year.

Andersons Profile

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.