PNC Financial Services Group Inc. lowered its holdings in shares of The Andersons, Inc. (NASDAQ:ANDE – Get Rating) by 17.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,426 shares of the basic materials company’s stock after selling 3,788 shares during the period. PNC Financial Services Group Inc. owned about 0.05% of Andersons worth $610,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. BlackRock Inc. grew its holdings in shares of Andersons by 2.2% during the first quarter. BlackRock Inc. now owns 5,650,640 shares of the basic materials company’s stock worth $283,999,000 after buying an additional 120,906 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Andersons by 2.1% during the third quarter. Vanguard Group Inc. now owns 3,870,779 shares of the basic materials company’s stock worth $120,110,000 after buying an additional 79,627 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Andersons by 1.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,591,941 shares of the basic materials company’s stock worth $90,693,000 after buying an additional 36,273 shares in the last quarter. State Street Corp grew its holdings in shares of Andersons by 1.2% during the third quarter. State Street Corp now owns 1,237,728 shares of the basic materials company’s stock worth $38,629,000 after buying an additional 14,313 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Andersons by 35.6% during the first quarter. Invesco Ltd. now owns 973,451 shares of the basic materials company’s stock worth $48,926,000 after buying an additional 255,347 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on the stock. StockNews.com assumed coverage on shares of Andersons in a report on Thursday, May 18th. They set a “hold” rating for the company. Stephens boosted their target price on shares of Andersons from $45.00 to $55.00 and gave the company an “overweight” rating in a report on Thursday, February 16th.
Andersons Price Performance
Andersons (NASDAQ:ANDE – Get Rating) last released its earnings results on Tuesday, May 2nd. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.03. Andersons had a net margin of 0.64% and a return on equity of 9.98%. The firm had revenue of $3.88 billion during the quarter, compared to the consensus estimate of $3.94 billion. During the same period in the previous year, the firm earned $0.18 earnings per share. Andersons’s revenue was down 2.4% compared to the same quarter last year. Sell-side analysts predict that The Andersons, Inc. will post 3.46 earnings per share for the current year.
About Andersons
The Andersons, Inc is an agriculturally rooted diversified company, which engages in railcar leasing and repair, turf products production, and consumer retailing. It operates through the following segments: Trade, Renewables, and Plant Nutrient. The Trade segment includes commodity merchandising and the operation of terminal grain elevator facilities.
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