The Andersons, Inc. $ANDE Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC lifted its stake in The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 552.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,621 shares of the basic materials company's stock after buying an additional 33,552 shares during the period. SG Americas Securities LLC owned approximately 0.12% of Andersons worth $1,456,000 as of its most recent SEC filing.

• 6 best ethanol stocks to buy now

Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. lifted its position in Andersons by 2.9% during the 1st quarter. Vanguard Group Inc. now owns 4,113,185 shares of the basic materials company's stock worth $176,579,000 after acquiring an additional 115,948 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Andersons by 6.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 800,220 shares of the basic materials company's stock valued at $34,353,000 after purchasing an additional 48,596 shares during the period. Geode Capital Management LLC raised its stake in shares of Andersons by 0.6% during the second quarter. Geode Capital Management LLC now owns 799,891 shares of the basic materials company's stock valued at $29,400,000 after purchasing an additional 4,495 shares during the period. Invesco Ltd. lifted its position in shares of Andersons by 12.5% during the first quarter. Invesco Ltd. now owns 615,797 shares of the basic materials company's stock worth $26,436,000 after purchasing an additional 68,498 shares in the last quarter. Finally, Bridgeway Capital Management LLC boosted its stake in shares of Andersons by 1.1% in the first quarter. Bridgeway Capital Management LLC now owns 339,311 shares of the basic materials company's stock valued at $14,567,000 after purchasing an additional 3,572 shares during the period. 87.06% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ANDE has been the topic of several analyst reports. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Andersons in a research note on Wednesday, October 8th. BMO Capital Markets lifted their target price on Andersons from $45.00 to $50.00 and gave the stock a "market perform" rating in a research report on Thursday, November 6th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $53.33.

• Try These 2 Stocks to Play the Wheat Rally

Get Our Latest Analysis on Andersons

Insider Activity at Andersons

In related news, VP Anne G. Rex sold 3,000 shares of the business's stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $51.36, for a total transaction of $154,080.00. Following the completion of the sale, the vice president owned 23,549 shares of the company's stock, valued at $1,209,476.64. This represents a 11.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 4.30% of the company's stock.

Andersons Trading Down 1.6%

• United Natural Foods’ Risk-Reward Tradeoff Looks Appetizing

NASDAQ:ANDE opened at $48.62 on Friday. The company has a quick ratio of 1.30, a current ratio of 2.01 and a debt-to-equity ratio of 0.36. The business's 50 day moving average is $44.48 and its two-hundred day moving average is $39.67. The Andersons, Inc. has a 52 week low of $31.03 and a 52 week high of $51.89. The company has a market cap of $1.65 billion, a PE ratio of 20.69 and a beta of 0.76.

Andersons (NASDAQ:ANDE - Get Free Report) last issued its quarterly earnings results on Tuesday, November 4th. The basic materials company reported $0.84 earnings per share for the quarter, beating analysts' consensus estimates of $0.46 by $0.38. The business had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.85 billion. Andersons had a return on equity of 5.28% and a net margin of 0.70%.The business's quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.80 EPS. On average, analysts predict that The Andersons, Inc. will post 3.11 EPS for the current year.

Andersons Company 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.

Read More

• Five stocks we like better than Andersons
• What is the Nasdaq? Complete Overview with History
• Datavault AI Just Raised Guidance by 400%—Are You Paying Attention?
• Why is the Ex-Dividend Date Significant to Investors?
• Peter Thiel Dumps NVIDIA and Slashes Tesla Stake—Is the AI Bubble About to Pop?
• How to Know if a Stock Pays Dividends and When They Are Paid Out
• Why Lithium Americas Could Be a 2030 Power Play—Not a 2025 One

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Andersons Right Now?

Before you consider Andersons, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Andersons wasn't on the list.

While Andersons currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here