Charles Schwab Investment Management Inc. Acquires 124,468 Shares of The Andersons, Inc. (NASDAQ:ANDE)

Charles Schwab Investment Management Inc. raised its holdings in shares of The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 23.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 652,579 shares of the basic materials company's stock after purchasing an additional 124,468 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.92% of Andersons worth $32,720,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Pacer Advisors Inc. raised its holdings 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 worth $185,390,000 after purchasing an additional 303,711 shares during the period. American Century Companies Inc. raised its holdings in Andersons by 16.8% during the second quarter. American Century Companies Inc. now owns 933,968 shares of the basic materials company's stock valued at $46,325,000 after acquiring an additional 134,126 shares during the period. Squarepoint Ops LLC bought a new stake in Andersons during the second quarter valued at about $2,311,000. Victory Capital Management Inc. raised its holdings 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 valued at $22,649,000 after acquiring an additional 36,594 shares during the period. Finally, Intech Investment Management LLC raised its holdings in Andersons by 375.0% during the third quarter. Intech Investment Management LLC now owns 42,225 shares of the basic materials company's stock valued at $2,117,000 after acquiring an additional 33,336 shares during the period. 87.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Insider Buying and Selling at Andersons

In other news, insider Joseph E. Mcneely sold 2,382 shares of Andersons stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $47.73, for a total transaction of $113,692.86. Following the completion of the sale, the insider now owns 49,601 shares of the company's stock, valued at approximately $2,367,455.73. The trade was a 4.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 5.10% of the company's stock.

Andersons Trading Down 1.9 %

ANDE traded down $0.91 on Wednesday, hitting $46.95. The company had a trading volume of 198,188 shares, compared to its average volume of 175,667. The company has a market cap of $1.60 billion, a PE ratio of 13.67 and a beta of 0.57. The Andersons, Inc. has a 12-month low of $41.76 and a 12-month high of $61.46. The company has a quick ratio of 1.23, a current ratio of 1.98 and a debt-to-equity ratio of 0.36. The business's fifty day simple moving average is $47.98 and its 200 day simple moving average is $49.15.

Andersons (NASDAQ:ANDE - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The basic materials company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.43 by $0.37. The company had revenue of $2.62 billion during 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 revenue was down 27.9% on a year-over-year basis. During the same quarter last year, the business posted $0.13 earnings per share.

About Andersons

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.