Pinebridge Investments L.P. lifted its stake in shares of Andersons Inc (NASDAQ:ANDE) by 55.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 53,295 shares of the basic materials company’s stock after purchasing an additional 19,120 shares during the quarter. Pinebridge Investments L.P. owned about 0.19% of Andersons worth $1,660,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of ANDE. IndexIQ Advisors LLC grew its stake in shares of Andersons by 413.0% during the 3rd quarter. IndexIQ Advisors LLC now owns 3,360 shares of the basic materials company’s stock worth $115,000 after purchasing an additional 2,705 shares during the period. SG Americas Securities LLC grew its stake in shares of Andersons by 82.7% during the 3rd quarter. SG Americas Securities LLC now owns 5,498 shares of the basic materials company’s stock worth $188,000 after purchasing an additional 2,489 shares during the period. Public Employees Retirement System of Ohio grew its stake in shares of Andersons by 10.2% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,928 shares of the basic materials company’s stock worth $202,000 after purchasing an additional 549 shares during the period. Teacher Retirement System of Texas acquired a new stake in Andersons in the 4th quarter valued at about $284,000. Finally, Teachers Retirement System of The State of Kentucky grew its stake in Andersons by 37.6% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 10,250 shares of the basic materials company’s stock valued at $351,000 after acquiring an additional 2,800 shares during the last quarter. 79.27% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages recently commented on ANDE. Zacks Investment Research cut shares of Andersons from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 16th. BMO Capital Markets lowered their price objective on shares of Andersons from $39.00 to $34.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 8th. Finally, Buckingham Research cut shares of Andersons from a “buy” rating to a “neutral” rating in a research note on Wednesday, November 8th. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The stock currently has an average rating of “Hold” and an average target price of $34.50.
Shares of Andersons Inc (ANDE) opened at $35.00 on Friday. The company has a market cap of $989.62, a PE ratio of 26.44 and a beta of 1.28. Andersons Inc has a 12 month low of $29.60 and a 12 month high of $40.85. The company has a quick ratio of 0.47, a current ratio of 1.35 and a debt-to-equity ratio of 0.51.
Andersons (NASDAQ:ANDE) last issued its quarterly earnings data on Wednesday, February 14th. The basic materials company reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.20. The firm had revenue of $1 billion for the quarter, compared to analysts’ expectations of $1.21 billion. Andersons had a net margin of 1.12% and a return on equity of 4.83%. The firm’s revenue was down 9.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.36 EPS. equities analysts anticipate that Andersons Inc will post 1.63 earnings per share for the current year.
TRADEMARK VIOLATION NOTICE: This news story was first reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this news story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright laws. The legal version of this news story can be read at https://www.dispatchtribunal.com/2018/02/24/andersons-inc-ande-stake-boosted-by-pinebridge-investments-l-p.html.
The Andersons, Inc is a diversified company. The Company conducts business across North America in the grain, ethanol, plant nutrient and rail sectors. The Company also produces turf and cob products. The Company operates through segments, including Grain, Ethanol, Rail and Plant Nutrient. Its Grain business operates grain elevators in various states in the United States Corn Belt.
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).
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.