Intech Investment Management LLC Reduces Position in The Andersons, Inc. $ANDE

Intech Investment Management LLC cut its holdings in shares of The Andersons, Inc. (NASDAQ:ANDE) by 37.7% in the fourth quarter, HoldingsChannel reports. 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’s holdings in Andersons were worth $903,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its position in Andersons by 0.4% during 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. Optimize Financial Inc lifted its position in Andersons by 1.4% during the fourth quarter. Optimize Financial Inc now owns 14,657 shares of the basic materials company’s stock valued at $779,000 after purchasing an additional 208 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in Andersons during the fourth quarter valued at $5,273,000. Versor Investments LP acquired a new position in Andersons during the fourth quarter valued at $489,000. Finally, Strs Ohio acquired a new position in Andersons during the fourth quarter valued at $229,000. 87.06% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Andersons news, Director John T. Stout, Jr. sold 2,500 shares of the company’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $70.30, for a total value of $175,750.00. Following the completion of the transaction, the director owned 23,441 shares in the company, valued at approximately $1,647,902.30. This represents a 9.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Patrick E. Bowe sold 19,100 shares of the company’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $78.31, for a total transaction of $1,495,721.00. Following the completion of the transaction, the director owned 94,875 shares of the company’s stock, valued at approximately $7,429,661.25. This trade represents a 16.76% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 92,941 shares of company stock worth $7,020,459. Company insiders own 4.30% of the company’s stock.

Andersons Stock Performance

Shares of Andersons stock opened at $72.81 on Monday. The firm has a 50-day simple moving average of $72.92 and a two-hundred day simple moving average of $64.29. The company has a market cap of $2.48 billion, a P/E ratio of 19.36 and a beta of 0.64. The Andersons, Inc. has a fifty-two week low of $31.84 and a fifty-two week high of $82.11. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.62 and a current ratio of 1.37.

Andersons (NASDAQ:ANDE) last issued its quarterly earnings data 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 business had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.71 billion. Andersons had a net margin of 1.17% and a return on equity of 10.68%. The company’s revenue was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.12 earnings per share.

Analyst Upgrades and Downgrades

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

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.