Swiss National Bank Raises Holdings in The Andersons, Inc. (NASDAQ:ANDE)

Swiss National Bank lifted its holdings in shares of The Andersons, Inc. (NASDAQ:ANDE – Get Rating) by 1.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 77,650 shares of the basic materials company’s stock after buying an additional 1,400 shares during the period. Swiss National Bank’s holdings in Andersons were worth $2,717,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Russell Investments Group Ltd. boosted its stake in shares of Andersons by 4.4% during the third quarter. Russell Investments Group Ltd. now owns 23,943 shares of the basic materials company’s stock worth $741,000 after buying an additional 999 shares during the period. Portolan Capital Management LLC acquired a new stake in shares of Andersons during the third quarter worth about $8,215,000. Delphia USA Inc. boosted its stake in shares of Andersons by 20.1% during the third quarter. Delphia USA Inc. now owns 13,767 shares of the basic materials company’s stock worth $427,000 after buying an additional 2,307 shares during the period. Watershed Asset Management L.L.C. acquired a new stake in shares of Andersons during the third quarter worth about $230,000. Finally, Retirement Guys Formula LLC lifted its position in Andersons by 30.4% in the third quarter. Retirement Guys Formula LLC now owns 12,597 shares of the basic materials company’s stock valued at $391,000 after purchasing an additional 2,935 shares during the period. Institutional investors and hedge funds own 83.81% of the company’s stock.

Andersons Price Performance

Shares of NASDAQ:ANDE opened at $41.30 on Wednesday. The Andersons, Inc. has a 52 week low of $29.35 and a 52 week high of $46.48. The company has a quick ratio of 0.71, a current ratio of 1.44 and a debt-to-equity ratio of 0.36. The company has a market cap of $1.39 billion, a P/E ratio of 12.91 and a beta of 0.73. The company has a 50-day moving average price of $40.52 and a 200 day moving average price of $38.90.

Andersons (NASDAQ:ANDE – Get Rating) last issued its earnings results on Tuesday, May 2nd. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.03. Andersons had a net margin of 0.64% and a return on equity of 9.98%. The company had revenue of $3.88 billion during the quarter, compared to analysts’ expectations of $3.94 billion. During the same period last year, the company posted $0.18 earnings per share. The firm’s quarterly revenue was down 2.4% compared to the same quarter last year. Research analysts predict that The Andersons, Inc. will post 3.46 earnings per share for the current year.

Insider Buying and Selling at Andersons

In other Andersons news, VP Anne G. Rex sold 2,665 shares of the stock in a transaction dated Tuesday, February 28th. The shares were sold at an average price of $45.47, for a total value of $121,177.55. Following the completion of the transaction, the vice president now directly owns 20,650 shares of the company’s stock, valued at $938,955.50. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, VP Anne G. Rex sold 2,665 shares of the firm’s stock in a transaction that occurred on Tuesday, February 28th. The shares were sold at an average price of $45.47, for a total transaction of $121,177.55. Following the completion of the transaction, the vice president now directly owns 20,650 shares of the company’s stock, valued at approximately $938,955.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Michael J. Anderson sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 2nd. The stock was sold at an average price of $45.90, for a total transaction of $459,000.00. Following the transaction, the director now directly owns 281,644 shares of the company’s stock, valued at $12,927,459.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 17,665 shares of company stock valued at $808,178. Corporate insiders own 5.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ANDE. Stephens raised their price objective on shares of Andersons from $45.00 to $55.00 and gave the company an “overweight” rating in a research report on Thursday, February 16th. StockNews.com began coverage on shares of Andersons in a research report on Thursday, May 18th. They issued a “hold” rating for the company.

Andersons Company Profile

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The Andersons, Inc is an agriculturally rooted diversified company, which engages in railcar leasing and repair, turf products production, and consumer retailing. It operates through the following segments: Trade, Renewables, and Plant Nutrient. The Trade segment includes commodity merchandising and the operation of terminal grain elevator facilities.