Rhumbline Advisers Has $2.94 Million Stake in The Andersons, Inc. (NASDAQ:ANDE)

Rhumbline Advisers boosted its position in shares of The Andersons, Inc. (NASDAQ:ANDE) by 1.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 107,456 shares of the basic materials company’s stock after buying an additional 1,888 shares during the period. Rhumbline Advisers owned approximately 0.32% of The Andersons worth $2,942,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Lazard Asset Management LLC acquired a new stake in The Andersons during the fourth quarter worth about $27,000. Vantage Consulting Group Inc acquired a new stake in shares of The Andersons in the 4th quarter valued at approximately $30,000. Cornerstone Investment Partners LLC acquired a new stake in shares of The Andersons in the 1st quarter valued at approximately $203,000. Commonwealth Equity Services LLC acquired a new stake in shares of The Andersons in the 1st quarter valued at approximately $205,000. Finally, Citigroup Inc. boosted its stake in shares of The Andersons by 201.1% in the 4th quarter. Citigroup Inc. now owns 7,932 shares of the basic materials company’s stock valued at $194,000 after purchasing an additional 5,298 shares in the last quarter. Hedge funds and other institutional investors own 75.28% of the company’s stock.

Shares of NASDAQ ANDE opened at $32.72 on Friday. The firm has a 50 day simple moving average of $29.98. The company has a market cap of $1.09 billion, a price-to-earnings ratio of 17.98 and a beta of 0.68. The Andersons, Inc. has a 1 year low of $12.27 and a 1 year high of $34.41. The company has a current ratio of 1.27, a quick ratio of 0.60 and a debt-to-equity ratio of 0.77.

The Andersons (NASDAQ:ANDE) last issued its quarterly earnings data on Monday, May 3rd. The basic materials company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.43. The business had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.21 billion. The Andersons had a net margin of 0.67% and a return on equity of 5.35%. Analysts predict that The Andersons, Inc. will post 1.84 EPS for the current year.

A number of equities research analysts have recently weighed in on the stock. BMO Capital Markets raised their price target on shares of The Andersons from $26.00 to $33.00 and gave the company a “market perform” rating in a research note on Thursday, May 6th. Zacks Investment Research upgraded shares of The Andersons from a “hold” rating to a “strong-buy” rating and set a $35.00 price target on the stock in a research note on Wednesday, May 5th. Finally, Seaport Global Securities restated a “neutral” rating on shares of The Andersons in a research note on Thursday, February 25th. Two investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $29.50.

About The Andersons

The Andersons, Inc, an agriculture company, operates in trade, ethanol, plant nutrient, and rail sectors in the United States and internationally. The company's Trade segment operates grain elevators; stores grains; and provides grain marketing, risk management, and corn origination services to its customers and affiliated ethanol facilities.

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Institutional Ownership by Quarter for The Andersons (NASDAQ:ANDE)

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