The Andersons, Inc. (NASDAQ:ANDE) Shares Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. lifted its stake in shares of The Andersons, Inc. (NASDAQ:ANDE – Get Rating) by 12.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 26,814 shares of the basic materials company’s stock after purchasing an additional 2,871 shares during the quarter. Russell Investments Group Ltd. owned about 0.08% of Andersons worth $938,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Oppenheimer & Co. Inc. raised its position in shares of Andersons by 5.9% during the 4th quarter. Oppenheimer & Co. Inc. now owns 48,007 shares of the basic materials company’s stock worth $1,680,000 after purchasing an additional 2,663 shares during the period. Arizona State Retirement System increased its position in Andersons by 3.9% in the 4th quarter. Arizona State Retirement System now owns 9,077 shares of the basic materials company’s stock valued at $318,000 after acquiring an additional 343 shares during the period. SG Americas Securities LLC increased its position in Andersons by 104.4% in the 4th quarter. SG Americas Securities LLC now owns 8,168 shares of the basic materials company’s stock valued at $286,000 after acquiring an additional 4,171 shares during the period. ProShare Advisors LLC increased its position in Andersons by 18.2% in the 4th quarter. ProShare Advisors LLC now owns 255,346 shares of the basic materials company’s stock valued at $8,935,000 after acquiring an additional 39,269 shares during the period. Finally, Summit Global Investments increased its position in Andersons by 80.4% in the 4th quarter. Summit Global Investments now owns 20,658 shares of the basic materials company’s stock valued at $723,000 after acquiring an additional 9,208 shares during the period. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on ANDE. StockNews.com began coverage on Andersons in a research report on Thursday, May 18th. They issued a “hold” rating on the stock. Stephens raised their target price on Andersons from $45.00 to $55.00 and gave the company an “overweight” rating in a research report on Thursday, February 16th.

Andersons Stock Performance

Shares of NASDAQ ANDE opened at $40.57 on Friday. The stock has a fifty day moving average price of $40.56 and a two-hundred day moving average price of $38.93. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.71 and a current ratio of 1.44. The firm has a market cap of $1.37 billion, a P/E ratio of 12.68 and a beta of 0.73. The Andersons, Inc. has a 1 year low of $29.35 and a 1 year high of $46.48.

Andersons (NASDAQ:ANDE – Get Rating) last issued its quarterly 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. The firm had revenue of $3.88 billion during the quarter, compared to analyst estimates of $3.94 billion. Andersons had a return on equity of 9.98% and a net margin of 0.64%. The firm’s quarterly revenue was down 2.4% on a year-over-year basis. During the same period last year, the company posted $0.18 EPS. Research analysts forecast that The Andersons, Inc. will post 3.46 EPS for the current fiscal year.

Insider Buying and Selling at Andersons

In other news, Director Michael J. Anderson sold 5,000 shares of the firm’s stock in a transaction on Monday, February 27th. The stock was sold at an average price of $45.60, for a total transaction of $228,000.00. Following the completion of the sale, the director now directly owns 294,644 shares of the company’s stock, valued at approximately $13,435,766.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Michael J. Anderson sold 10,000 shares of the firm’s stock in a transaction 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 completion of the sale, the director now directly owns 281,644 shares of the company’s stock, valued at approximately $12,927,459.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Michael J. Anderson sold 5,000 shares of the firm’s stock in a transaction on Monday, February 27th. The stock was sold at an average price of $45.60, for a total value of $228,000.00. Following the sale, the director now directly owns 294,644 shares of the company’s stock, valued at $13,435,766.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,665 shares of company stock valued at $808,178. 5.70% of the stock is owned by corporate insiders.

About Andersons

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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.