Exploring The Andersons, Inc. (ANDE) Investor Profile: Who’s Buying and Why?

You're looking at The Andersons, Inc. (ANDE) and asking the right question: who is defintely buying this stock, and more importantly, why are they doing it now? Forget the noise; the story is in the institutional ownership, which sits at a formidable 87.06% as of late 2025, signaling serious conviction from the big money. When you see names like Blackrock Inc. holding a 15.64% stake, or Vanguard Group Inc. owning 12.06%, you know the capital is sticky.

These firms aren't chasing a quick trade; they're betting on the core business strength-the Trade, Renewables, and Nutrient & Industrial segments-which drove a trailing 12-month revenue of $11.6B through Q3 2025. This is a story of a diversified agriculture company weathering commodity volatility. So, are these giants buying because they see the full-year 2025 consensus EPS estimate of $3.11 as a floor, or because they expect the Renewables segment, which reported a strong Q3 net income of $20 million, to continue driving growth? Let's dig into the filings and see where their money is truly going.

Who Invests in The Andersons, Inc. (ANDE) and Why?

The Andersons, Inc. (ANDE) investor base is defintely dominated by institutional money, which is typical for a mid-cap company in the stable-but-cyclical agribusiness sector. You see a clear split: the majority are large, long-term funds, but a significant portion are retail investors drawn to the company's dividend history.

As of late 2025, institutional investors-think mutual funds, pension funds, and endowments-own approximately 87.06% of the outstanding shares. This high concentration means the stock's price movements are heavily influenced by the quarterly rebalancing and strategic moves of giants like BlackRock, Inc., Vanguard Group Inc, and Dimensional Fund Advisors LP, all of whom are among the largest holders. Retail investors and other individual accounts, while smaller in percentage, still represent a crucial base, often holding for decades.

Investment Motivations: Stability and Strategic Growth

Investors are attracted to The Andersons, Inc. for a few concrete reasons, and they boil down to a mix of reliable income and strategic positioning in the evolving agricultural supply chain. The company's long-standing commitment to returning capital is a major draw for income-focused portfolios.

The dividend track record is a huge anchor. The Andersons, Inc. has increased its dividend for 28 consecutive years, which is a powerful signal of financial discipline and stability, especially in a volatile commodity market. For the 2025 fiscal year, the annual dividend stands at $0.78 per share, translating to a yield of roughly 1.58%. This consistent payout makes it a core holding for many retirement and income-focused mutual funds.

Beyond the dividend, the growth story centers on strategic investments. The company is actively integrating new acquisitions, like the Skyland Grain, LLC locations, which expands its trade flows. Plus, the Q3 2025 earnings report showed an adjusted Earnings Per Share (EPS) of $0.84, significantly beating the analyst consensus of $0.46. This kind of earnings surprise, driven by efficient operations in the Trade and Renewables segments, signals strong execution and future potential. The company also finished 2024 with a healthy cash balance of $562 million, which provides the flexibility to fund these growth initiatives.

Strategies: Long-Term Holding and Value Rotation

Given the ownership structure, the dominant strategy is long-term, passive holding. When Vanguard Group Inc or BlackRock, Inc. hold millions of shares, they are generally not day-trading them; they are holding them as part of broad-market index funds or sector-specific exchange-traded funds (ETFs). This creates a floor of stability for the stock.

• Passive/Long-Term Holding: Index funds and large institutions use The Andersons, Inc. for exposure to the U.S. agribusiness sector, holding the stock for years to track the market.
• Income Investing: Retirees and dividend funds buy the stock specifically for the predictable $0.78 annual dividend, often reinvesting it through a Dividend Reinvestment Plan (DRIP).
• Value Investing: Value managers are attracted to the company's strong asset base-including 290 million bushels of grain storage capacity-and its relatively low P/E ratio of 28.82 compared to the broader market. They see the stock as trading below its intrinsic value, especially when factoring in projects like the Port of Houston expansion set for mid-2026.

Here's the quick math: A Payout Ratio of 36.45% means the company is paying out only a fraction of its earnings as dividends, leaving plenty of capital to fund growth projects and maintain that 28-year dividend streak. That's a key data point for a value investor. You can learn more about the company's long-term vision in Mission Statement, Vision, & Core Values of The Andersons, Inc. (ANDE).

Institutional Ownership and Major Shareholders of The Andersons, Inc. (ANDE)

The Andersons, Inc. (ANDE) is overwhelmingly controlled by institutional money, which tells you a lot about its stability and the professional conviction in its long-term agricultural and renewables strategy. As of the end of the third quarter of 2025, institutional investors held approximately 82.10% of the company's outstanding shares. This high concentration-totaling around 36.9 million shares-means the stock's price movements and strategic direction are defintely influenced by a few major players.

This level of institutional backing, with 545 different institutional owners, signals that The Andersons, Inc. is viewed as a serious, investable entity in the agricultural supply chain and renewables space, not a speculative play. The total value of these institutional holdings sits at roughly $1.327 billion, based on the recent share price of approximately $48.95 per share as of November 2025.

The Top Institutional Investors: Who's Buying and Holding

When you look at the shareholder register, the usual suspects-the passive index giants-dominate the top spots. These firms are buying The Andersons, Inc. primarily because it's a component of various indices and ETFs (Exchange-Traded Funds), but their sheer size gives them enormous influence.

The three largest holders, as of the September 30, 2025, filings, are BlackRock, Inc., Vanguard Group Inc, and Dimensional Fund Advisors LP. They are the bedrock of the institutional base:

• BlackRock, Inc.: Holds the largest stake with 5,291,746 shares, representing a commanding 15.64% of the company.
• Vanguard Group Inc: The second-largest, holding 4,079,516 shares, or 12.06% ownership.
• Dimensional Fund Advisors LP: A significant factor with 2,331,965 shares, accounting for 6.89% of the float.

Here's the quick math on the top five, showing just how concentrated the ownership is among these financial behemoths:

Recent Changes in Institutional Ownership: A Mixed Signal

The most recent 13F filings show a mixed picture, which is typical for a company navigating a complex commodity and renewable fuels landscape. While the overall institutional ownership remains high, some major players have been subtly adjusting their positions.

For the third quarter of 2025, BlackRock, Inc. showed a clear vote of confidence, increasing its stake by 100,102 shares, a growth of nearly 1.93%. Geode Capital Management LLC also significantly boosted its holdings by 2.46%, adding 19,662 shares. This accumulation suggests a positive view on the company's recent strategic moves, particularly in the Renewables segment.

But not everyone was buying. Vanguard Group Inc slightly trimmed its position by 0.328%, selling 13,405 shares, and Dimensional Fund Advisors LP reduced its stake by 0.689%, selling 16,173 shares. These small reductions from passive managers are often portfolio rebalancing moves, not necessarily a negative verdict on the company itself, but they still represent a slight reduction in capital commitment.

The Impact of Institutional Investors on Strategy and Stock Price

The role of these large investors goes beyond simply holding shares; they are a critical validation of The Andersons, Inc.'s strategic pivot toward high-growth areas. Their collective capital provides the liquidity and stability that allows management to execute on major capital projects.

For example, the institutional support validates the company's move to acquire full ownership of its ethanol plants in the second quarter of 2025. This move, which gives The Andersons, Inc. 100% of the cash flow from these strategic assets, is a capital-intensive decision that institutional investors are implicitly endorsing. The Renewables segment subsequently reported a strong adjusted pretax income of $46 million in Q3 2025, partly due to year-to-date 45Z tax credits, which is a clear signal that the strategy is paying off.

Their buying and selling patterns act like a massive, slow-moving tide for the stock price. When BlackRock, Inc. adds 100,102 shares, it creates a floor of demand. Conversely, large-scale selling by a major mutual fund can put serious downward pressure on the stock. You can dive deeper into the company's business model and history here: The Andersons, Inc. (ANDE): History, Ownership, Mission, How It Works & Makes Money.

What this estimate hides is the potential for activist investors, who tend to hold a smaller stake but push for significant operational or governance changes. For now, the ownership profile suggests a stable, long-term investor base that is comfortable with the current management team and its focus on integrating new assets and capitalizing on trends like low-carbon fuels and export capacity via projects like the Port of Houston expansion.

Key Investors and Their Impact on The Andersons, Inc. (ANDE)

The Andersons, Inc. (ANDE) is overwhelmingly owned by institutional money, which means the stock's stability and strategic direction are largely influenced by the world's largest passive and quantitative funds. As of late 2025, institutional investors and hedge funds control an astonishing 87.06% of the company's stock, which is a massive signal of market trust and long-term positioning.

The top shareholders are the usual suspects, the giants of the indexing world, who primarily hold shares to track the market. This high concentration of passive money generally translates to less volatility and a greater focus on long-term, management-backed strategy, rather than aggressive, short-term activist pressure. You see this pattern often in stable, dividend-paying companies like The Andersons, Inc., which has a 30-year track record of consistent dividend payments.

The Big Three: Passive Powerhouses

The three largest institutional holders of The Andersons, Inc. stock are Blackrock, Inc., The Vanguard Group, Inc., and Dimensional Fund Advisors LP. These firms hold billions of dollars in assets under management and their stakes are substantial, giving them significant voting power in corporate matters like director elections and executive compensation.

Here's the quick math on their holdings, based on the latest available 2025 fiscal year data:

Blackrock, Inc. actually increased its stake by over 100,102 shares in the third quarter of 2025, showing continued confidence in the company's direction, especially its focus on the Renewables segment and leveraging the new 45Z tax credits. The Vanguard Group, Inc. and Dimensional Fund Advisors LP made minor trims, but their overall positions remain massive. It's defintely a case of long-term conviction, not trading.

Investor Influence: Stability Over Activism

The influence of these major shareholders is subtle but powerful. They are not classic activist investors (the kind who demand board seats and push for immediate sales or breakups). Instead, their power lies in corporate governance-they are the ones voting on management's proposals.

In the May 8, 2025, Annual Meeting, shareholders overwhelmingly approved all key proposals, including the election of directors and the advisory vote on executive compensation. This tells you two things: first, there is no organized shareholder revolt, and second, the big institutional holders are content with the current leadership and strategic path, which includes the integration of the Skyland acquisition and a focus on operational efficiency.

• Passive Support: Provides a stable floor for the stock price.
• Governance Focus: Ensures management remains accountable but supports long-term plans.
• Low Volatility: Dampens extreme price swings compared to stocks with high hedge fund ownership.

Recent Moves and Insider Signals

While the big institutions are largely stable, it's always worth watching insider activity, as they have the most intimate knowledge of the business. In a notable transaction on November 12, 2025, VP Anne G. Rex sold 3,000 shares at a price of $51.36 per share. This sale, valued at over $154,080, is a signal to monitor, as insiders have sold more stock than they have bought in the last twelve months.

This insider selling is small relative to the company's $1.66 billion market capitalization, but it's a data point to factor into your risk assessment, especially when considering the mixed Q3 2025 results-an earnings per share (EPS) beat of $0.84 against a consensus of $0.46, but a revenue miss. For a deeper dive into the company's financial footing, you should check out Breaking Down The Andersons, Inc. (ANDE) Financial Health: Key Insights for Investors.

Market Impact and Investor Sentiment

You want to know who is buying The Andersons, Inc. (ANDE) and why, and the short answer is that large institutions are the primary players, holding a strong, but cautious, 'Moderate Buy' consensus on the stock. Their confidence is anchored in the company's core agricultural supply chain business and recent earnings performance, not on speculative growth.

Institutional investors own an overwhelming 82.10% of the company's shares, signaling that the stock is viewed as a serious, professionally managed holding, not a retail favorite. The largest holders, such as Blackrock Inc. and Vanguard Group Inc., treat The Andersons, Inc. as a staple in diversified portfolios, valuing its stability in the basic materials sector. Blackrock Inc. alone holds 5,291,746 shares, a position valued at approximately $260.78 million, representing a 15.64% stake in the company.

• Blackrock Inc.: 15.64% ownership.
• Vanguard Group Inc.: 12.06% ownership.
• Dimensional Fund Advisors LP: 6.89% ownership.

To be fair, while institutional money is pouring in, insider activity shows a 'Net Selling' trend over the last 12 months, which is defintely a point of caution to map against the broader institutional optimism. This divergence often means management is taking profits after a run-up, while funds are establishing or maintaining long-term strategic positions, especially since the company's market capitalization stands at about $1.71 billion.

Recent Market Reactions to Ownership Shifts

The market has responded positively to recent operational beats, which is a stronger signal than ownership changes alone. For example, The Andersons, Inc.'s stock surged to a new 52-week high of $51.58 on November 11, 2025, following the release of its third-quarter results. This reaction was driven by a significant earnings surprise.

Here's the quick math on the Q3 2025 results: The company reported earnings per share (EPS) of $0.84, which handily beat the analysts' consensus estimate of $0.46. Still, the market is a realist; the stock's rise was somewhat capped because revenue of $2.68 billion missed the consensus forecast of $2.85 billion. This tells you investors are rewarding efficiency and profit generation, even if top-line growth is a struggle.

Another key corporate move that was well-received was the August 2025 announcement that The Andersons, Inc. acquired full ownership interest in The Andersons Marathon Holdings LLC. These strategic, simplifying moves are what big investors look for-clear, focused execution. For a deeper dive into the company's long-term vision, you can review its Mission Statement, Vision, & Core Values of The Andersons, Inc. (ANDE).

Analyst Perspectives and Future Outlook

Wall Street's perspective on The Andersons, Inc. is clear: a consensus 'Moderate Buy' rating, which reflects a belief that the company has more room to run, but not without some risk. Analysts are mapping this near-term opportunity to a forecasted full-year 2025 EPS of $3.11, a concrete target for management to hit.

The average 12-month price target is currently set at $53.33, representing an approximate 8.78% upside from a recent trading price of $49.03. This isn't a moonshot forecast, but a solid, single-digit return expectation based on fundamentals. For instance, BMO Capital Markets recently upped its price objective from $45.00 to $50.00, reflecting a more positive, but still 'Market Perform,' view.

What this estimate hides is the inherent volatility in the agricultural sector, but the current price targets suggest the stock is priced for a steady, earnings-driven climb. The table below summarizes the key analyst forecasts as of November 2025.

Your clear action here is to watch for the company's ability to convert its Q3 earnings momentum into a strong Q4, which will defintely be the next catalyst for the stock to breach the high end of that price target range.