Northwestern Mutual Wealth Management Co. Buys 59,880 Shares of The Andersons, Inc. $ANDE

Northwestern Mutual Wealth Management Co. significantly increased its stake in The Andersons, Inc. by 4,985.8% during the second quarter, acquiring an additional 59,880 shares. This raised their total ownership to 61,081 shares, valued at $2,245,000. The Andersons, Inc. operates in trade, renewables, and nutrient sectors, with a market cap of $1.72 billion. The company's recent quarterly earnings exceeded expectations, reporting $0.84 EPS against a $0.46 estimate. Institutional investors own 87.06% of the stock.

Northwestern Mutual Wealth Management Co. raised its stake in The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 4,985.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 61,081 shares of the basic materials company's stock after buying an additional 59,880 shares during the period. Northwestern Mutual Wealth Management Co. owned about 0.18% of Andersons worth $2,245,000 at the end of the most recent quarter.

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Other hedge funds also recently made changes to their positions in the company. Trust Co. of Toledo NA OH bought a new position in Andersons in the second quarter valued at $114,000. Mutual of America Capital Management LLC bought a new position in shares of Andersons during the 1st quarter valued at about $201,000. XTX Topco Ltd purchased a new position in shares of Andersons during the 2nd quarter valued at about $201,000. Entropy Technologies LP purchased a new position in shares of Andersons during the 2nd quarter valued at about $216,000. Finally, PAX Financial Group LLC purchased a new stake in Andersons in the second quarter worth approximately $226,000. 87.06% of the stock is owned by institutional investors.

Insider Activity at Andersons

In related news, VP Anne G. Rex sold 3,000 shares of the firm's stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $51.36, for a total value 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 trade represents a 11.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 4.30% of the stock is currently owned by corporate insiders.

Andersons Trading Down 2.5%

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Shares of ANDE opened at $50.69 on Friday. The stock has a market capitalization of $1.72 billion, a P/E ratio of 23.69 and a beta of 0.79. The Andersons, Inc. has a twelve month low of $31.03 and a twelve month high of $53.29. The company has a quick ratio of 0.80, a current ratio of 1.47 and a debt-to-equity ratio of 0.47. The firm has a fifty day simple moving average of $46.86 and a two-hundred day simple moving average of $40.79.

Andersons (NASDAQ:ANDE - Get Free Report) last issued its quarterly earnings data on Tuesday, November 4th. The basic materials company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.46 by $0.38. Andersons had a net margin of 0.63% and a return on equity of 5.83%. The firm had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.85 billion. During the same period in the prior year, the firm posted $0.80 earnings per share. The company's quarterly revenue was up 2.2% compared to the same quarter last year. On average, research analysts anticipate that The Andersons, Inc. will post 3.11 EPS for the current year.

Analyst Ratings Changes

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A number of equities research analysts have recently weighed in on ANDE shares. Weiss Ratings restated a "hold (c)" rating on shares of Andersons in a report on Wednesday, October 8th. BMO Capital Markets lifted their target price on shares of Andersons from $45.00 to $50.00 and gave the stock a "market perform" rating in a research report on Thursday, November 6th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $53.33.

View Our Latest Stock Report on Andersons

About Andersons

(Free Report)

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.

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