Versor Investments LP Acquires New Holdings in The Andersons, Inc. $ANDE

Versor Investments LP purchased a new position in The Andersons, Inc. (NASDAQ:ANDEFree Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 9,200 shares of the basic materials company’s stock, valued at approximately $489,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ANDE. AQR Capital Management LLC raised its position in Andersons by 5.5% in the first quarter. AQR Capital Management LLC now owns 40,727 shares of the basic materials company’s stock worth $1,748,000 after acquiring an additional 2,137 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Andersons by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,425 shares of the basic materials company’s stock worth $834,000 after acquiring an additional 866 shares in the last quarter. Cetera Investment Advisers bought a new stake in Andersons in the second quarter worth about $257,000. XTX Topco Ltd bought a new stake in Andersons in the second quarter worth about $201,000. Finally, Norges Bank bought a new stake in Andersons in the second quarter worth about $1,036,000. 87.06% of the stock is currently owned by institutional investors.

Andersons Trading Up 0.9%

Shares of ANDE opened at $72.23 on Friday. The business’s 50-day moving average price is $71.86 and its 200 day moving average price is $61.68. The stock has a market capitalization of $2.46 billion, a P/E ratio of 19.21 and a beta of 0.69. The Andersons, Inc. has a 1-year low of $31.84 and a 1-year high of $82.11. The company has a current ratio of 1.37, a quick ratio of 0.62 and a debt-to-equity ratio of 0.43.

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

Insider Buying and Selling

In related news, VP Anne G. Rex sold 2,624 shares of Andersons stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $65.16, for a total value of $170,979.84. Following the transaction, the vice president owned 23,829 shares of the company’s stock, valued at approximately $1,552,697.64. This trade represents a 9.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John T. Stout, Jr. sold 2,500 shares of Andersons stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $70.30, for a total value of $175,750.00. Following the completion of the transaction, the director directly owned 23,441 shares in the company, valued at $1,647,902.30. This represents a 9.64% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 95,565 shares of company stock worth $7,191,438. Company insiders own 4.30% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. BMO Capital Markets boosted their price target on shares of Andersons from $65.00 to $75.00 and gave the stock an “outperform” rating in a research report on Thursday, February 19th. Weiss Ratings upgraded shares of Andersons from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, May 7th. Benchmark boosted their price target on shares of Andersons from $75.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Finally, Wall Street Zen upgraded shares of Andersons from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Andersons currently has an average rating of “Moderate Buy” and an average target price of $82.50.

Check Out Our Latest Stock Report on Andersons

About Andersons

(Free Report)

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.

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Institutional Ownership by Quarter for Andersons (NASDAQ:ANDE)

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