Deutsche Bank AG Buys 9,191 Shares of The Andersons, Inc. (NASDAQ:ANDE)

Deutsche Bank AG lifted its stake in The Andersons, Inc. (NASDAQ:ANDE) by 18.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 58,194 shares of the basic materials company’s stock after buying an additional 9,191 shares during the quarter. Deutsche Bank AG owned approximately 0.17% of Andersons worth $2,358,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cubist Systematic Strategies LLC bought a new stake in Andersons in the 4th quarter valued at $8,545,000. D. E. Shaw & Co. Inc. purchased a new position in shares of Andersons during the fourth quarter valued at about $7,354,000. Balyasny Asset Management L.P. bought a new stake in shares of Andersons in the fourth quarter worth about $4,283,000. Charles Schwab Investment Management Inc. lifted its position in shares of Andersons by 15.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 751,624 shares of the basic materials company’s stock worth $30,456,000 after buying an additional 99,045 shares in the last quarter. Finally, Intech Investment Management LLC lifted its position in shares of Andersons by 221.3% in the fourth quarter. Intech Investment Management LLC now owns 135,678 shares of the basic materials company’s stock worth $5,498,000 after buying an additional 93,453 shares in the last quarter. Institutional investors own 87.06% of the company’s stock.

Wall Street Analyst Weigh In

ANDE has been the subject of several research analyst reports. Stephens restated an “overweight” rating and set a $55.00 price target on shares of Andersons in a report on Wednesday, February 19th. Lake Street Capital lowered their target price on Andersons from $70.00 to $55.00 and set a “buy” rating for the company in a research report on Thursday, May 8th. BMO Capital Markets started coverage on shares of Andersons in a report on Tuesday, May 6th. They issued a “market perform” rating and a $45.00 target price for the company. Finally, Wall Street Zen cut shares of Andersons from a “buy” rating to a “hold” rating in a research report on Thursday, May 15th.

Andersons Stock Down 0.8%

Shares of NASDAQ:ANDE opened at $34.13 on Friday. The company has a market cap of $1.17 billion, a price-to-earnings ratio of 10.28 and a beta of 0.73. The Andersons, Inc. has a 12 month low of $31.03 and a 12 month high of $55.52. The company has a current ratio of 1.65, a quick ratio of 0.90 and a debt-to-equity ratio of 0.38. The company has a 50-day moving average price of $38.43 and a 200 day moving average price of $41.84.

Andersons (NASDAQ:ANDE) last issued its quarterly earnings data on Tuesday, May 6th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.20. The business had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.85 billion. Andersons had a return on equity of 7.59% and a net margin of 1.01%. The company’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.16 earnings per share. As a group, equities research analysts predict that The Andersons, Inc. will post 3.11 earnings per share for the current year.

About Andersons

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.