Global Thematic Partners LLC decreased its stake in The Andersons, Inc. (NASDAQ:ANDE) by 12.7% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 11,661 shares of the basic materials company’s stock after selling 1,703 shares during the period. Global Thematic Partners LLC’s holdings in The Andersons were worth $398,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. State of Alaska Department of Revenue boosted its stake in The Andersons by 1.8% in the first quarter. State of Alaska Department of Revenue now owns 2,890 shares of the basic materials company’s stock valued at $109,000 after buying an additional 50 shares during the period. Louisiana State Employees Retirement System boosted its stake in The Andersons by 0.9% in the second quarter. Louisiana State Employees Retirement System now owns 10,750 shares of the basic materials company’s stock valued at $367,000 after buying an additional 100 shares during the period. Arizona State Retirement System boosted its stake in The Andersons by 0.7% in the second quarter. Arizona State Retirement System now owns 13,761 shares of the basic materials company’s stock valued at $470,000 after buying an additional 100 shares during the period. Aperio Group LLC boosted its stake in The Andersons by 1.7% in the second quarter. Aperio Group LLC now owns 7,264 shares of the basic materials company’s stock valued at $248,000 after buying an additional 119 shares during the period. Finally, Advisors Asset Management Inc. boosted its stake in The Andersons by 1.1% in the first quarter. Advisors Asset Management Inc. now owns 11,714 shares of the basic materials company’s stock valued at $444,000 after buying an additional 128 shares during the period. Institutional investors own 75.50% of the company’s stock.

Shares of The Andersons, Inc. (NASDAQ ANDE) opened at 32.05 on Monday. The firm has a 50-day moving average of $33.65 and a 200-day moving average of $36.08. The Andersons, Inc. has a 12-month low of $31.65 and a 12-month high of $44.90. The firm’s market capitalization is $908.62 million.

The Andersons (NASDAQ:ANDE) last issued its quarterly earnings data on Thursday, August 3rd. The basic materials company reported $0.54 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.71 by $0.17. The Andersons had a positive return on equity of 3.77% and a negative net margin of 0.47%. The company had revenue of $993.70 million during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter last year, the company posted $0.51 earnings per share. The firm’s revenue for the quarter was down 6.6% compared to the same quarter last year. Equities analysts anticipate that The Andersons, Inc. will post $1.71 earnings per share for the current year.

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Several research firms have recently weighed in on ANDE. BMO Capital Markets decreased their price objective on shares of The Andersons from $41.00 to $39.00 and set a “market perform” rating for the company in a research report on Friday, May 5th. BidaskClub upgraded shares of The Andersons from a “strong sell” rating to a “sell” rating in a report on Friday, August 11th. Zacks Investment Research upgraded shares of The Andersons from a “strong sell” rating to a “hold” rating in a report on Thursday, July 6th. Finally, Stephens cut shares of The Andersons from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $42.00 to $35.00 in a report on Monday, August 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $40.00.

About The Andersons

The Andersons, Inc is a diversified company. The Company conducts business across North America in the grain, ethanol, plant nutrient and rail sectors. The Company also produces turf and cob products, and has a consumer retailing presence. The Company operates through segments, including Grain, Ethanol, Rail, Plant Nutrient and Retail.

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Institutional Ownership by Quarter for The Andersons (NASDAQ:ANDE)

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