UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $4.02 Million Holdings in The Andersons, Inc. (NASDAQ:ANDE)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its position in shares of The Andersons, Inc. (NASDAQ:ANDE) by 2.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 80,262 shares of the basic materials company’s stock after selling 2,291 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.24% of Andersons worth $4,024,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in ANDE. Diversified Trust Co boosted its stake in shares of Andersons by 7.1% during the second quarter. Diversified Trust Co now owns 10,210 shares of the basic materials company’s stock valued at $506,000 after purchasing an additional 676 shares in the last quarter. Ellsworth Advisors LLC boosted its stake in shares of Andersons by 8.0% during the second quarter. Ellsworth Advisors LLC now owns 9,050 shares of the basic materials company’s stock valued at $449,000 after purchasing an additional 672 shares in the last quarter. Summit Global Investments boosted its stake in shares of Andersons by 9.5% during the second quarter. Summit Global Investments now owns 9,248 shares of the basic materials company’s stock valued at $459,000 after purchasing an additional 799 shares in the last quarter. SummerHaven Investment Management LLC boosted its stake in shares of Andersons by 1.8% during the second quarter. SummerHaven Investment Management LLC now owns 16,116 shares of the basic materials company’s stock valued at $799,000 after purchasing an additional 289 shares in the last quarter. Finally, Louisiana State Employees Retirement System boosted its stake in shares of Andersons by 2.6% during the second quarter. Louisiana State Employees Retirement System now owns 16,000 shares of the basic materials company’s stock valued at $794,000 after purchasing an additional 400 shares in the last quarter. 87.06% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Stephens raised Andersons to a “strong-buy” rating in a research note on Monday, December 2nd. StockNews.com raised Andersons from a “hold” rating to a “buy” rating in a research note on Wednesday, November 13th.

Andersons Price Performance

Andersons stock opened at $45.41 on Friday. The stock’s 50 day moving average is $47.50 and its 200 day moving average is $48.92. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.98 and a quick ratio of 1.23. The firm has a market cap of $1.55 billion, a P/E ratio of 12.97 and a beta of 0.57. The Andersons, Inc. has a one year low of $41.76 and a one year high of $61.46.

Andersons (NASDAQ:ANDE) last posted its quarterly earnings data on Monday, November 4th. The basic materials company reported $0.80 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 analyst estimates of $2.90 billion. Andersons had a return on equity of 8.21% and a net margin of 1.06%. The firm’s quarterly revenue was down 27.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.13 earnings per share. As a group, research analysts expect that The Andersons, Inc. will post 2.9 EPS for the current year.

Insiders Place Their Bets

In other Andersons news, insider Joseph E. Mcneely sold 2,382 shares of Andersons stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $47.73, for a total value of $113,692.86. Following the completion of the sale, the insider now directly owns 49,601 shares in the company, valued at approximately $2,367,455.73. The trade was a 4.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 5.10% of the stock is currently owned by corporate insiders.

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.