Andersons Inc (ANDE) Stake Decreased by Keybank National Association OH

Keybank National Association OH trimmed its holdings in Andersons Inc (NASDAQ:ANDE) by 14.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 50,075 shares of the basic materials company’s stock after selling 8,500 shares during the quarter. Keybank National Association OH owned approximately 0.18% of Andersons worth $1,885,000 at the end of the most recent quarter.

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

Shares of NASDAQ:ANDE opened at $32.97 on Friday. Andersons Inc has a 12-month low of $29.86 and a 12-month high of $41.70. The firm has a market capitalization of $921.73 million, a PE ratio of 28.67 and a beta of 1.24. The company has a current ratio of 1.27, a quick ratio of 0.56 and a debt-to-equity ratio of 0.52.

Andersons (NASDAQ:ANDE) last posted its quarterly earnings data on Monday, November 5th. The basic materials company reported ($0.07) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.18). The business had revenue of $685.60 million during the quarter, compared to analyst estimates of $839.00 million. Andersons had a return on equity of 4.05% and a net margin of 2.66%. The firm’s revenue for the quarter was down 18.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.09 EPS. On average, equities research analysts forecast that Andersons Inc will post 1.72 EPS for the current year.

ANDE has been the topic of a number of analyst reports. Zacks Investment Research downgraded Andersons from a “hold” rating to a “sell” rating in a report on Wednesday, August 1st. Stephens upgraded Andersons from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $35.50 to $44.00 in a report on Wednesday, August 8th. BMO Capital Markets lifted their price target on Andersons from $36.00 to $40.00 and gave the company a “market perform” rating in a report on Thursday, August 9th. Buckingham Research lifted their price target on Andersons from $35.00 to $40.00 and gave the company a “neutral” rating in a report on Thursday, August 9th. Finally, TheStreet upgraded Andersons from a “c” rating to a “b” rating in a report on Friday, August 10th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. Andersons currently has a consensus rating of “Hold” and a consensus target price of $41.33.

In other Andersons news, Director Stephen F. Dowdle acquired 2,000 shares of the stock in a transaction dated Wednesday, November 7th. The stock was purchased at an average price of $32.95 per share, with a total value of $65,900.00. Following the transaction, the director now directly owns 1,763 shares of the company’s stock, valued at $58,090.85. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Stephen F. Dowdle acquired 1,950 shares of the stock in a transaction dated Friday, November 9th. The stock was acquired at an average cost of $33.24 per share, with a total value of $64,818.00. Following the transaction, 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. 5.50% of the stock is owned by company insiders.

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Andersons Profile

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.

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Institutional Ownership by Quarter for Andersons (NASDAQ:ANDE)

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