Advisors Asset Management Inc. Has $1.62 Million Stock Holdings in The Andersons, Inc. (NASDAQ:ANDE)

Advisors Asset Management Inc. trimmed its holdings in The Andersons, Inc. (NASDAQ:ANDE) by 18.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,215 shares of the basic materials company’s stock after selling 7,420 shares during the quarter. Advisors Asset Management Inc. owned 0.09% of Andersons worth $1,615,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of ANDE. nVerses Capital LLC bought a new position in Andersons in the second quarter worth $25,000. EverSource Wealth Advisors LLC lifted its position in Andersons by 323.4% in the first quarter. EverSource Wealth Advisors LLC now owns 1,084 shares of the basic materials company’s stock worth $60,000 after purchasing an additional 828 shares during the period. Innealta Capital LLC bought a new position in Andersons in the second quarter worth $57,000. Inspire Advisors LLC bought a new position in Andersons in the second quarter worth $202,000. Finally, Edgestream Partners L.P. bought a new position in Andersons in the second quarter worth $219,000. 87.06% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Andersons Stock Up 0.7 %

Shares of NASDAQ ANDE opened at $48.21 on Monday. The stock has a market cap of $1.64 billion, a PE ratio of 13.77 and a beta of 0.60. The business has a fifty day moving average of $48.18 and a two-hundred day moving average of $49.36. The Andersons, Inc. has a 52-week low of $41.76 and a 52-week high of $61.46. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.23 and a current ratio of 1.98.

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