Thrivent Financial for Lutherans Sells 1,146 Shares of The Andersons, Inc. (NASDAQ:ANDE)

Thrivent Financial for Lutherans cut its stake in The Andersons, Inc. (NASDAQ:ANDE) by 4.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,231 shares of the basic materials company’s stock after selling 1,146 shares during the period. Thrivent Financial for Lutherans owned approximately 0.07% of Andersons worth $1,265,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its position in Andersons by 3.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 39,011 shares of the basic materials company’s stock worth $2,239,000 after purchasing an additional 1,382 shares during the period. Comerica Bank boosted its position 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 worth $1,090,000 after acquiring an additional 4,290 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake 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 valued at $60,000 after acquiring an additional 828 shares during the last quarter. CX Institutional raised its position in Andersons by 4.0% during the second quarter. CX Institutional now owns 54,943 shares of the basic materials company’s stock valued at $2,725,000 after purchasing an additional 2,093 shares in the last quarter. Finally, Diversified Trust Co raised its position in 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. 87.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Andersons Stock Down 0.4 %

ANDE stock opened at $47.74 on Monday. The stock has a market capitalization of $1.63 billion, a P/E ratio of 13.64 and a beta of 0.60. 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 firm has a 50-day moving average price of $48.06 and a 200-day moving average price of $49.22. 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 earnings results on Monday, November 4th. The basic materials company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.37. Andersons had a net margin of 1.06% and a return on equity of 8.21%. The firm had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter in the previous year, the firm posted $0.13 earnings per share. The company’s revenue was down 27.9% on a year-over-year basis.

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.