American Century Companies Inc. Cuts Stake in The Andersons, Inc. $ANDE

American Century Companies Inc. trimmed its stake in The Andersons, Inc. (NASDAQ:ANDE) by 18.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 924,083 shares of the basic materials company’s stock after selling 215,695 shares during the quarter. American Century Companies Inc. owned about 2.70% of Andersons worth $33,960,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of ANDE. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Andersons in the 1st quarter valued at $352,000. Vestcor Inc raised its position in shares of Andersons by 13.5% in the 1st quarter. Vestcor Inc now owns 14,800 shares of the basic materials company’s stock worth $635,000 after buying an additional 1,762 shares during the period. Vanguard Group Inc. raised its position in shares of Andersons by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 4,113,185 shares of the basic materials company’s stock worth $176,579,000 after buying an additional 115,948 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Andersons by 6.5% in 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 acquiring an additional 48,596 shares during the last quarter. Finally, Mutual of America Capital Management LLC purchased a new stake in Andersons during the first quarter valued at about $201,000. Institutional investors and hedge funds own 87.06% of the company’s stock.

Insider Activity at Andersons

In other news, VP Anne G. Rex sold 3,000 shares of the stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $51.36, for a total transaction of $154,080.00. Following the completion of the transaction, the vice president directly owned 23,549 shares in the company, valued at approximately $1,209,476.64. This represents a 11.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 4.30% of the company’s stock.

Andersons Stock Performance

NASDAQ:ANDE opened at $51.53 on Friday. The firm has a 50-day moving average of $45.84 and a two-hundred day moving average of $40.37. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.01 and a quick ratio of 1.30. The stock has a market cap of $1.74 billion, a P/E ratio of 21.93 and a beta of 0.76. The Andersons, Inc. has a 1-year low of $31.03 and a 1-year high of $51.99.

Andersons (NASDAQ:ANDE) last released its quarterly earnings results on Tuesday, November 4th. The basic materials company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.46 by $0.38. Andersons had a return on equity of 5.28% and a net margin of 0.70%.The business had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.85 billion. During the same quarter in the previous year, the firm posted $0.80 earnings per share. The company’s revenue was up 2.2% compared to the same quarter last year. On average, research analysts expect that The Andersons, Inc. will post 3.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on ANDE shares. Weiss Ratings restated a “hold (c)” rating on shares of Andersons in a report on Wednesday, October 8th. BMO Capital Markets increased 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 analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Andersons presently has an average rating of “Moderate Buy” and a consensus price target of $53.33.

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.