Principal Financial Group Inc. Trims Position in The Andersons, Inc. (NASDAQ:ANDE)

Principal Financial Group Inc. lessened its position in The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 7.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 151,626 shares of the basic materials company's stock after selling 12,772 shares during the quarter. Principal Financial Group Inc. owned about 0.45% of Andersons worth $7,603,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in ANDE. Pacer Advisors Inc. lifted its position in Andersons by 8.8% during the second quarter. Pacer Advisors Inc. now owns 3,737,703 shares of the basic materials company's stock worth $185,390,000 after buying an additional 303,711 shares in the last quarter. American Century Companies Inc. lifted its position 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 worth $46,325,000 after buying an additional 134,126 shares in the last quarter. Squarepoint Ops LLC purchased a new position in Andersons during the second quarter worth approximately $2,311,000. Victory Capital Management Inc. lifted its position 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 worth $22,649,000 after buying an additional 36,594 shares in the last quarter. Finally, Deerfield Management Company L.P. Series C purchased a new position in Andersons during the second quarter worth approximately $1,040,000. Hedge funds and other institutional investors own 87.06% of the company's stock.

Analyst Ratings Changes

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

Andersons Trading Down 0.1 %

NASDAQ:ANDE traded down $0.06 on Wednesday, reaching $47.13. The company's stock had a trading volume of 77,559 shares, compared to its average volume of 172,514. 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 stock has a 50 day moving average price of $48.10 and a 200 day moving average price of $49.50. The firm has a market cap of $1.61 billion, a price-to-earnings ratio of 13.48 and a beta of 0.60.

Andersons (NASDAQ:ANDE - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The basic materials company reported $0.80 earnings per share for the quarter, topping 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 company had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter in the prior year, the business earned $0.13 EPS. Andersons'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.