Loomis Sayles & Co. L P Sells 119,743 Shares of The Andersons, Inc. (NASDAQ:ANDE)

Loomis Sayles & Co. L P reduced its stake in The Andersons, Inc. (NASDAQ:ANDE) by 45.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 145,335 shares of the basic materials company’s stock after selling 119,743 shares during the quarter. Loomis Sayles & Co. L P owned approximately 0.43% of Andersons worth $7,287,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of ANDE. Pacer Advisors Inc. raised its position in Andersons by 8.8% in the 2nd quarter. Pacer Advisors Inc. now owns 3,737,703 shares of the basic materials company’s stock valued at $185,390,000 after buying an additional 303,711 shares during the last quarter. American Century Companies Inc. raised its position in Andersons by 16.8% in the 2nd quarter. American Century Companies Inc. now owns 933,968 shares of the basic materials company’s stock valued at $46,325,000 after buying an additional 134,126 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Andersons by 23.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 652,579 shares of the basic materials company’s stock valued at $32,720,000 after buying an additional 124,468 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in Andersons in the 2nd quarter valued at $2,311,000. Finally, Victory Capital Management Inc. raised its position in Andersons by 8.7% in the 2nd quarter. Victory Capital Management Inc. now owns 456,624 shares of the basic materials company’s stock valued at $22,649,000 after buying an additional 36,594 shares during the last quarter. 87.06% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Andersons Trading Up 0.2 %

Shares of Andersons stock opened at $47.93 on Thursday. The Andersons, Inc. has a 1 year low of $41.76 and a 1 year high of $61.46. The firm has a market cap of $1.63 billion, a PE ratio of 13.69 and a beta of 0.60. The stock has a fifty day moving average price of $48.17 and a 200-day moving average price of $49.29. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.98 and a quick ratio of 1.23.

Andersons (NASDAQ:ANDE) last announced its earnings results on Monday, November 4th. The basic materials company reported $0.80 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same period last year, the firm posted $0.13 EPS. The business’s revenue was down 27.9% compared to the same quarter last year.

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.