Intech Investment Management LLC Lowers Holdings in The Andersons, Inc. $ANDE

Intech Investment Management LLC decreased its position in The Andersons, Inc. (NASDAQ:ANDE) by 37.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,985 shares of the basic materials company’s stock after selling 10,260 shares during the period. Intech Investment Management LLC owned 0.05% of Andersons worth $903,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Geode Capital Management LLC boosted its holdings in shares of Andersons by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 822,812 shares of the basic materials company’s stock valued at $43,757,000 after purchasing an additional 3,259 shares during the period. Invesco Ltd. boosted its holdings in shares of Andersons by 1.8% in the third quarter. Invesco Ltd. now owns 509,820 shares of the basic materials company’s stock valued at $20,296,000 after purchasing an additional 9,245 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of Andersons by 2.2% in the third quarter. Ameriprise Financial Inc. now owns 506,222 shares of the basic materials company’s stock valued at $20,153,000 after purchasing an additional 10,698 shares during the period. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Andersons by 162.8% in the third quarter. Jacobs Levy Equity Management Inc. now owns 438,219 shares of the basic materials company’s stock valued at $17,445,000 after purchasing an additional 271,451 shares during the period. Finally, Qube Research & Technologies Ltd boosted its holdings in shares of Andersons by 36.5% in the third quarter. Qube Research & Technologies Ltd now owns 373,196 shares of the basic materials company’s stock valued at $14,857,000 after purchasing an additional 99,819 shares during the period. Hedge funds and other institutional investors own 87.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on ANDE shares. Wall Street Zen raised shares of Andersons from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Weiss Ratings raised shares of Andersons from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. BMO Capital Markets lifted their price objective on shares of Andersons from $65.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday, February 19th. Benchmark lifted their price objective on shares of Andersons from $75.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Finally, UBS Group set a $90.00 price objective on shares of Andersons in a report on Wednesday, May 20th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Andersons has an average rating of “Moderate Buy” and a consensus price target of $85.00.

Andersons Price Performance

NASDAQ ANDE opened at $72.81 on Monday. The firm’s fifty day simple moving average is $72.92 and its two-hundred day simple moving average is $64.29. The company has a current ratio of 1.37, a quick ratio of 0.62 and a debt-to-equity ratio of 0.43. The Andersons, Inc. has a 12-month low of $31.84 and a 12-month high of $82.11. The firm has a market capitalization of $2.48 billion, a P/E ratio of 19.36 and a beta of 0.64.

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

Insider Activity

In other news, Director John T. Stout, Jr. sold 2,500 shares of the business’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $70.30, for a total transaction 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Patrick E. Bowe sold 16,466 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $80.76, for a total transaction of $1,329,794.16. Following the sale, the director directly owned 78,409 shares in the company, valued at $6,332,310.84. This trade represents a 17.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 92,941 shares of company stock valued at $7,020,459 over the last ninety days. 4.30% of the stock is currently owned by insiders.

Andersons Profile

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.