The Andersons, Inc. (NASDAQ:ANDE) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lessened its stake in The Andersons, Inc. (NASDAQ:ANDE) by 7.8% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 151,626 shares of the basic materials company’s stock after selling 12,772 shares during the quarter. Principal Financial Group Inc. owned 0.45% of Andersons worth $7,603,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Pacer Advisors Inc. grew its holdings in shares of Andersons by 8.8% during the second quarter. Pacer Advisors Inc. now owns 3,737,703 shares of the basic materials company’s stock worth $185,390,000 after purchasing an additional 303,711 shares during the last quarter. American Century Companies Inc. increased its position in Andersons by 16.8% during the 2nd quarter. American Century Companies Inc. now owns 933,968 shares of the basic materials company’s stock worth $46,325,000 after purchasing an additional 134,126 shares in the last quarter. Victory Capital Management Inc. boosted its position in Andersons by 8.7% during the second quarter. Victory Capital Management Inc. now owns 456,624 shares of the basic materials company’s stock worth $22,649,000 after acquiring an additional 36,594 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Andersons by 1.8% in the second quarter. Bank of New York Mellon Corp now owns 336,714 shares of the basic materials company’s stock valued at $16,701,000 after purchasing an additional 5,983 shares during the period. Finally, Bridgeway Capital Management LLC increased its stake in shares of Andersons by 3.7% during the 1st quarter. Bridgeway Capital Management LLC now owns 307,465 shares of the basic materials company’s stock valued at $17,639,000 after acquiring an additional 11,025 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 upgraded shares of Andersons from a “hold” rating to a “buy” rating in a report on Wednesday, November 13th.

Andersons Stock Down 2.4 %

Shares of Andersons stock opened at $47.19 on Wednesday. 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 stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of 13.48 and a beta of 0.60. The Andersons, Inc. has a twelve month low of $41.76 and a twelve month high of $61.46. The business’s 50 day simple moving average is $48.10 and its 200-day simple moving average is $49.50.

Andersons (NASDAQ:ANDE) last released its quarterly earnings data on Monday, November 4th. The basic materials company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.37. Andersons had a return on equity of 8.21% and a net margin of 1.06%. The business 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 EPS. The company’s 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.