BNP Paribas Financial Markets Boosts Stock Holdings in The Andersons, Inc. (NASDAQ:ANDE)

BNP Paribas Financial Markets raised its holdings in The Andersons, Inc. (NASDAQ:ANDE) by 46.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,867 shares of the basic materials company’s stock after purchasing an additional 5,041 shares during the quarter. BNP Paribas Financial Markets’ holdings in Andersons were worth $796,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Pacer Advisors Inc. lifted its holdings in shares of Andersons by 8.8% in the 2nd quarter. Pacer Advisors Inc. now owns 3,737,703 shares of the basic materials company’s stock valued at $185,390,000 after buying an additional 303,711 shares during the period. American Century Companies Inc. lifted its holdings in Andersons by 16.8% in the second quarter. American Century Companies Inc. now owns 933,968 shares of the basic materials company’s stock valued at $46,325,000 after acquiring an additional 134,126 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Andersons by 23.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 652,579 shares of the basic materials company’s stock worth $32,720,000 after purchasing an additional 124,468 shares in the last quarter. Squarepoint Ops LLC acquired a new position in shares of Andersons during the 2nd quarter worth $2,311,000. Finally, Victory Capital Management Inc. increased its holdings in shares of Andersons by 8.7% in the 2nd quarter. Victory Capital Management Inc. now owns 456,624 shares of the basic materials company’s stock valued at $22,649,000 after purchasing an additional 36,594 shares in the last quarter. Hedge funds and other institutional investors own 87.06% of the company’s stock.

Insider Transactions at Andersons

In related news, insider Joseph E. Mcneely sold 2,382 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $47.73, for a total value of $113,692.86. Following the completion of the sale, the insider now directly owns 49,601 shares in the company, valued at approximately $2,367,455.73. The trade was a 4.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 5.10% of the company’s stock.

Analyst Ratings Changes

ANDE has been the topic of a number of research analyst reports. StockNews.com raised shares of Andersons from a “hold” rating to a “buy” rating in a report on Wednesday, November 13th. Stephens raised Andersons to a “strong-buy” rating in a research note on Monday, December 2nd.

Andersons Stock Performance

Shares of ANDE opened at $46.42 on Thursday. The Andersons, Inc. has a 12-month low of $41.76 and a 12-month high of $61.46. The stock has a market cap of $1.58 billion, a P/E ratio of 13.26 and a beta of 0.57. The company has a current ratio of 1.98, a quick ratio of 1.23 and a debt-to-equity ratio of 0.36. The company has a 50-day moving average of $47.56 and a two-hundred day moving average of $48.94.

Andersons (NASDAQ:ANDE) last posted its earnings results on Monday, November 4th. The basic materials company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.37. The firm had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.90 billion. Andersons had a return on equity of 8.21% and a net margin of 1.06%. Andersons’s revenue was down 27.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.13 EPS. As a group, research analysts predict that The Andersons, Inc. will post 2.9 EPS for the current fiscal year.

Andersons 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.