EP Wealth Advisors LLC Buys New Position in The Andersons, Inc. (NASDAQ:ANDE)

EP Wealth Advisors LLC purchased a new position in The Andersons, Inc. (NASDAQ:ANDE) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 5,044 shares of the basic materials company’s stock, valued at approximately $253,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of ANDE. Intech Investment Management LLC grew its stake in shares of Andersons by 375.0% in the 3rd quarter. Intech Investment Management LLC now owns 42,225 shares of the basic materials company’s stock worth $2,117,000 after purchasing an additional 33,336 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Andersons by 23.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 652,579 shares of the basic materials company’s stock worth $32,720,000 after buying an additional 124,468 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Andersons by 13.1% in the second quarter. Renaissance Technologies LLC now owns 159,576 shares of the basic materials company’s stock valued at $7,915,000 after buying an additional 18,500 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Andersons by 7.0% during the 3rd quarter. Victory Capital Management Inc. now owns 488,505 shares of the basic materials company’s stock valued at $24,494,000 after acquiring an additional 31,881 shares during the last quarter. Finally, Deerfield Management Company L.P. Series C bought a new stake in shares of Andersons during the 2nd quarter worth $1,040,000. 87.06% of the stock is owned by institutional investors and hedge funds.

Andersons Trading Down 0.9 %

Andersons stock opened at $44.99 on Friday. The Andersons, Inc. has a 52 week low of $41.76 and a 52 week high of $61.46. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.23 and a current ratio of 1.98. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 12.85 and a beta of 0.57. The company has a 50 day moving average price of $47.41 and a 200 day moving average price of $48.87.

Andersons (NASDAQ:ANDE) last issued its earnings results on Monday, November 4th. The basic materials company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.43 by $0.37. The business had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.90 billion. Andersons had a return on equity of 8.21% and a net margin of 1.06%. Andersons’s revenue was down 27.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.13 earnings per share. Research analysts forecast that The Andersons, Inc. will post 2.9 EPS for the current year.

Insiders Place Their Bets

In other Andersons news, insider Joseph E. Mcneely sold 2,382 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $47.73, for a total value of $113,692.86. Following the completion of the sale, the insider now owns 49,601 shares in the company, valued at $2,367,455.73. This represents a 4.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 5.10% of the company’s stock.

Wall Street Analysts Forecast Growth

ANDE has been the topic of a number of recent analyst reports. Stephens raised Andersons to a “strong-buy” rating in a research report on Monday, December 2nd. StockNews.com upgraded Andersons from a “hold” rating to a “buy” rating in a report on Wednesday, November 13th.

Andersons Profile

The Andersons, Inc operates in trade, renewables, and nutrient and industrial sectors in the United States, Canada, Mexico, Egypt, Switzerland, and internationally. It operates through three segments: Trade, Renewables, and Nutrient & Industrial. The company’s Trade segment operates grain elevators; stores commodities; and provides grain marketing, risk management, and origination services, as well as sells commodities, such as corn, soybeans, wheat, oats, ethanol, and corn oil.