PNC Financial Services Group Inc. trimmed its holdings in shares of Andersons Inc (NASDAQ:ANDE) by 17.0% in the third quarter, HoldingsChannel reports. The firm owned 22,048 shares of the basic materials company’s stock after selling 4,526 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Andersons were worth $830,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Principal Financial Group Inc. lifted its stake in Andersons by 2.4% in the 1st quarter. Principal Financial Group Inc. now owns 202,153 shares of the basic materials company’s stock valued at $6,691,000 after buying an additional 4,797 shares in the last quarter. First Trust Advisors LP lifted its stake in Andersons by 43.0% in the 2nd quarter. First Trust Advisors LP now owns 58,765 shares of the basic materials company’s stock valued at $2,010,000 after buying an additional 17,678 shares in the last quarter. Sei Investments Co. lifted its stake in Andersons by 4,996.6% in the 2nd quarter. Sei Investments Co. now owns 7,390 shares of the basic materials company’s stock valued at $253,000 after buying an additional 7,245 shares in the last quarter. Strs Ohio lifted its stake in Andersons by 1.8% in the 2nd quarter. Strs Ohio now owns 127,000 shares of the basic materials company’s stock valued at $4,343,000 after buying an additional 2,200 shares in the last quarter. Finally, SG Americas Securities LLC lifted its stake in Andersons by 95.4% in the 2nd quarter. SG Americas Securities LLC now owns 9,394 shares of the basic materials company’s stock valued at $321,000 after buying an additional 4,586 shares in the last quarter. 80.12% of the stock is owned by institutional investors and hedge funds.

Shares of Andersons stock opened at $30.53 on Friday. The stock has a market capitalization of $864.00 million, a P/E ratio of 25.44 and a beta of 1.17. Andersons Inc has a twelve month low of $29.86 and a twelve month high of $41.70. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.56 and a current ratio of 1.27.

Andersons (NASDAQ:ANDE) last issued its quarterly earnings results on Monday, November 5th. The basic materials company reported ($0.07) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.18). The company had revenue of $685.60 million during the quarter, compared to analysts’ expectations of $839.00 million. Andersons had a net margin of 2.66% and a return on equity of 4.05%. The company’s quarterly revenue was down 18.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.09 earnings per share. Sell-side analysts forecast that Andersons Inc will post 1.69 EPS for the current year.

In other Andersons news, insider Michael S. Irmen sold 5,564 shares of the firm’s stock in a transaction that occurred on Wednesday, November 28th. The shares were sold at an average price of $33.45, for a total value of $186,115.80. Following the transaction, the insider now directly owns 6,453 shares of the company’s stock, valued at approximately $215,852.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen F. Dowdle bought 2,000 shares of the firm’s stock in a transaction on Wednesday, November 7th. The stock was acquired at an average cost of $32.95 per share, for a total transaction of $65,900.00. Following the completion of the purchase, the director now directly owns 1,763 shares in the company, valued at $58,090.85. The disclosure for this purchase can be found here. Company insiders own 5.50% of the company’s stock.

ANDE has been the topic of a number of research reports. ValuEngine raised shares of Andersons from a “hold” rating to a “buy” rating in a research note on Monday, October 8th. TheStreet lowered shares of Andersons from a “b-” rating to a “c” rating in a research note on Thursday, November 8th. BidaskClub raised shares of Andersons from a “sell” rating to a “hold” rating in a research note on Thursday, November 15th. Finally, Zacks Investment Research lowered shares of Andersons from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 16th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Andersons has an average rating of “Hold” and a consensus price target of $41.33.

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Andersons Profile

The Andersons, Inc, an agriculture company, operates in the grain, ethanol, plant nutrient, and rail sectors in the United States and internationally. The company's Grain segment operates grain elevators; stores grains; and provides grain marketing, risk management, and corn origination services to its customers and affiliated ethanol facilities.

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Institutional Ownership by Quarter for Andersons (NASDAQ:ANDE)

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