Intech Investment Management LLC Has $2.12 Million Holdings in The Andersons, Inc. (NASDAQ:ANDE)

Intech Investment Management LLC increased its position in shares of The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 375.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 42,225 shares of the basic materials company's stock after purchasing an additional 33,336 shares during the quarter. Intech Investment Management LLC owned 0.12% of Andersons worth $2,117,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. nVerses Capital LLC bought a new position in Andersons during the second quarter worth $25,000. EverSource Wealth Advisors LLC increased its position 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 worth $60,000 after buying an additional 828 shares during the period. Innealta Capital LLC acquired a new stake in Andersons in the second quarter worth $57,000. Inspire Advisors LLC acquired a new stake in Andersons in the second quarter worth $202,000. Finally, Edgestream Partners L.P. acquired a new stake in Andersons in the second quarter worth $219,000. 87.06% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Andersons Stock Performance

Shares of ANDE traded up $0.89 during trading hours on Monday, reaching $49.10. 457,854 shares of the company's stock traded hands, compared to its average volume of 174,392. The firm has a market capitalization of $1.67 billion, a price-to-earnings ratio of 14.03 and a beta of 0.60. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.98 and a quick ratio of 1.23. The Andersons, Inc. has a twelve month low of $41.76 and a twelve month high of $61.46. The business's fifty day simple moving average is $48.19 and its two-hundred day simple moving average is $49.33.

Andersons (NASDAQ:ANDE - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The basic materials company reported $0.80 EPS for the quarter, beating analysts' consensus estimates of $0.43 by $0.37. The company had revenue of $2.62 billion for 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 company's quarterly revenue was down 27.9% compared to the same quarter last year. During the same period last year, the company earned $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.