Edgestream Partners L.P. Makes New Investment in The Andersons, Inc. $ANDE

Edgestream Partners L.P. acquired a new position in shares of The Andersons, Inc. (NASDAQ:ANDE) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 68,749 shares of the basic materials company’s stock, valued at approximately $2,527,000. Edgestream Partners L.P. owned about 0.20% of Andersons at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vest Financial LLC grew its stake in shares of Andersons by 43.5% in the second quarter. Vest Financial LLC now owns 98,442 shares of the basic materials company’s stock valued at $3,618,000 after buying an additional 29,858 shares in the last quarter. Magnetar Financial LLC acquired a new stake in Andersons in the second quarter valued at $1,331,000. PAX Financial Group LLC acquired a new stake in Andersons in the second quarter valued at $226,000. Acadian Asset Management LLC grew its position in shares of Andersons by 61.8% in the 1st quarter. Acadian Asset Management LLC now owns 67,745 shares of the basic materials company’s stock valued at $2,903,000 after acquiring an additional 25,885 shares during the period. Finally, Inspire Advisors LLC increased its stake in shares of Andersons by 165.7% during the 2nd quarter. Inspire Advisors LLC now owns 14,236 shares of the basic materials company’s stock worth $523,000 after purchasing an additional 8,879 shares during the last quarter. Institutional investors and hedge funds own 87.06% of the company’s stock.

Andersons Stock Performance

ANDE opened at $50.69 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.47 and a quick ratio of 0.80. The business has a fifty day simple moving average of $46.86 and a 200 day simple moving average of $40.79. The Andersons, Inc. has a 1 year low of $31.03 and a 1 year high of $53.29. The company has a market capitalization of $1.72 billion, a PE ratio of 23.69 and a beta of 0.79.

Andersons (NASDAQ:ANDE) last posted its quarterly earnings data on Tuesday, November 4th. The basic materials company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.38. The firm had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.85 billion. Andersons had a return on equity of 5.83% and a net margin of 0.63%.The company’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.80 EPS. Research analysts expect that The Andersons, Inc. will post 3.11 EPS for the current year.

Insiders Place Their Bets

In other Andersons news, VP Anne G. Rex sold 3,000 shares of the business’s stock in a transaction dated Wednesday, November 12th. The shares were 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. The trade was a 11.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 4.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

ANDE has been the subject of several recent analyst reports. BMO Capital Markets raised their target price on shares of Andersons from $45.00 to $50.00 and gave the company a “market perform” rating in a research note on Thursday, November 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Andersons in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Andersons has a consensus rating of “Moderate Buy” and a consensus price target of $53.33.

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.