Public Sector Pension Investment Board Sells 1,700 Shares of The Andersons, Inc. (NASDAQ:ANDE)

Public Sector Pension Investment Board cut its position in The Andersons, Inc. (NASDAQ:ANDE) by 2.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,212 shares of the basic materials company’s stock after selling 1,700 shares during the quarter. Public Sector Pension Investment Board owned about 0.20% of Andersons worth $3,420,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Pacer Advisors Inc. boosted its holdings in shares of Andersons by 8.8% during the 2nd 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 during the period. American Century Companies Inc. boosted its stake in Andersons by 16.8% in 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 buying an additional 134,126 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Andersons by 23.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 652,579 shares of the basic materials company’s stock worth $32,720,000 after purchasing an additional 124,468 shares in the last quarter. Victory Capital Management Inc. grew its position in Andersons by 7.0% during the 3rd quarter. Victory Capital Management Inc. now owns 488,505 shares of the basic materials company’s stock worth $24,494,000 after acquiring an additional 31,881 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in Andersons by 1.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 336,714 shares of the basic materials company’s stock valued at $16,701,000 after acquiring an additional 5,983 shares during the period. Institutional investors own 87.06% of the company’s stock.

Analyst Ratings Changes

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

Andersons Stock Performance

Shares of ANDE stock opened at $47.86 on Wednesday. The company has a current ratio of 1.98, a quick ratio of 1.23 and a debt-to-equity ratio of 0.36. The firm has a fifty day simple moving average of $48.03 and a two-hundred day simple moving average of $49.17. The firm has a market capitalization of $1.63 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.

Andersons (NASDAQ:ANDE) last released 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 business 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%. Andersons’s quarterly revenue was down 27.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.13 EPS.

Insider Activity at Andersons

In other Andersons news, insider Joseph E. Mcneely sold 2,382 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $47.73, for a total value of $113,692.86. Following the completion of the sale, the insider now owns 49,601 shares in the company, valued at approximately $2,367,455.73. This trade represents a 4.58 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 5.10% of the stock is owned by insiders.

Andersons 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.