3,616 Shares in Andersons Inc (ANDE) Acquired by ClariVest Asset Management LLC

ClariVest Asset Management LLC purchased a new stake in shares of Andersons Inc (NASDAQ:ANDE) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 3,616 shares of the basic materials company’s stock, valued at approximately $137,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. increased its position in shares of Andersons by 7.0% during the 2nd quarter. BlackRock Inc. now owns 3,694,138 shares of the basic materials company’s stock valued at $126,339,000 after purchasing an additional 240,683 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Andersons by 2.4% during the 1st quarter. Principal Financial Group Inc. now owns 202,153 shares of the basic materials company’s stock valued at $6,691,000 after purchasing an additional 4,797 shares during the last quarter. Northern Trust Corp increased its holdings in Andersons by 0.7% in the 2nd quarter. Northern Trust Corp now owns 1,179,087 shares of the basic materials company’s stock worth $40,324,000 after acquiring an additional 7,703 shares in the last quarter. SG Americas Securities LLC increased its holdings in Andersons by 95.4% in the 2nd quarter. SG Americas Securities LLC now owns 9,394 shares of the basic materials company’s stock worth $321,000 after acquiring an additional 4,586 shares in the last quarter. Finally, Sei Investments Co. increased its holdings in Andersons by 4,996.6% in the 2nd quarter. Sei Investments Co. now owns 7,390 shares of the basic materials company’s stock worth $253,000 after acquiring an additional 7,245 shares in the last quarter. 79.04% of the stock is owned by hedge funds and other institutional investors.

In other Andersons news, Director Stephen F. Dowdle purchased 2,000 shares of the company’s stock in a transaction on Wednesday, November 7th. The stock was acquired at an average cost of $32.95 per share, for a total transaction of $65,900.00. Following the purchase, the director now directly owns 1,763 shares of the company’s stock, valued at approximately $58,090.85. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Stephen F. Dowdle purchased 1,950 shares of the company’s stock in a transaction on Friday, November 9th. The stock was acquired at an average price of $33.24 per share, with a total value of $64,818.00. Following the completion of the purchase, the director now directly owns 3,693 shares in the company, valued at $122,755.32. The disclosure for this purchase can be found here. Corporate insiders own 5.50% of the company’s stock.

Andersons stock opened at $32.97 on Friday. The company has a market capitalization of $921.73 million, a P/E ratio of 28.67 and a beta of 1.24. Andersons Inc has a 12-month low of $29.86 and a 12-month high of $41.70. The company has a quick ratio of 0.56, a current ratio of 1.27 and a debt-to-equity ratio of 0.52.

Andersons (NASDAQ:ANDE) last released its earnings results on Monday, November 5th. The basic materials company reported ($0.07) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.18). Andersons had a return on equity of 4.05% and a net margin of 2.66%. The firm had revenue of $685.60 million during the quarter, compared to analysts’ expectations of $839.00 million. During the same period in the prior year, the company posted $0.09 earnings per share. The company’s revenue was down 18.0% compared to the same quarter last year. Analysts forecast that Andersons Inc will post 1.72 EPS for the current year.

ANDE has been the subject of several analyst reports. Buckingham Research increased their target price on shares of Andersons from $35.00 to $40.00 and gave the stock a “neutral” rating in a report on Thursday, August 9th. TheStreet raised shares of Andersons from a “c” rating to a “b” rating in a report on Friday, August 10th. BMO Capital Markets increased their target price on shares of Andersons from $36.00 to $40.00 and gave the stock a “market perform” rating in a report on Thursday, August 9th. ValuEngine lowered shares of Andersons from a “buy” rating to a “hold” rating in a report on Tuesday, October 16th. Finally, Zacks Investment Research lowered shares of Andersons from a “hold” rating to a “sell” rating in a report on Wednesday, August 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $41.33.

TRADEMARK VIOLATION WARNING: “3,616 Shares in Andersons Inc (ANDE) Acquired by ClariVest Asset Management LLC” was reported by WKRB News and is owned by of WKRB News. If you are reading this article on another domain, it was stolen and reposted in violation of United States and international trademark & copyright laws. The correct version of this article can be read at https://www.wkrb13.com/2018/11/24/3616-shares-in-andersons-inc-ande-acquired-by-clarivest-asset-management-llc.html.

About Andersons

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

Recommended Story: Cash Flow

Want to see what other hedge funds are holding ANDE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Andersons Inc (NASDAQ:ANDE).

Institutional Ownership by Quarter for Andersons (NASDAQ:ANDE)

Receive News & Ratings for Andersons Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Andersons and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply