Martingale Asset Management L P Increases Stock Position in The Andersons, Inc. (NASDAQ:ANDE)

Martingale Asset Management L P grew its stake in shares of The Andersons, Inc. (NASDAQ:ANDE) by 1.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 61,245 shares of the basic materials company’s stock after acquiring an additional 713 shares during the quarter. Martingale Asset Management L P owned about 0.18% of Andersons worth $3,071,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in ANDE. CANADA LIFE ASSURANCE Co boosted its holdings in shares of Andersons by 8.9% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 28,292 shares of the basic materials company’s stock valued at $1,619,000 after acquiring an additional 2,324 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Andersons by 3.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 39,011 shares of the basic materials company’s stock valued at $2,239,000 after acquiring an additional 1,382 shares during the last quarter. Comerica Bank boosted its holdings in shares of Andersons by 29.2% during the 1st quarter. Comerica Bank now owns 18,993 shares of the basic materials company’s stock valued at $1,090,000 after acquiring an additional 4,290 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Andersons by 323.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,084 shares of the basic materials company’s stock valued at $60,000 after acquiring an additional 828 shares during the last quarter. Finally, CX Institutional boosted its holdings in shares of Andersons by 4.0% in the second quarter. CX Institutional now owns 54,943 shares of the basic materials company’s stock worth $2,725,000 after buying an additional 2,093 shares during the last quarter. Hedge funds and other institutional investors own 87.06% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Andersons from a “hold” rating to a “buy” rating in a report on Wednesday, November 13th.

Andersons Stock Performance

ANDE opened at $47.74 on Friday. 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 market cap of $1.63 billion, a price-to-earnings ratio of 13.64 and a beta of 0.60. The company’s 50 day moving average is $48.10 and its 200 day moving average is $49.28. The Andersons, Inc. has a 12-month low of $41.76 and a 12-month high of $61.46.

Andersons (NASDAQ:ANDE) last posted its quarterly earnings data on Monday, November 4th. The basic materials company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.37. The company had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.90 billion. Andersons had a net margin of 1.06% and a return on equity of 8.21%. The firm’s revenue was down 27.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.13 earnings per share.

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.