BlackRock Amends Andersons Inc. Stake (ANDE) as of Dec 31, 2023
Ticker: ANDE · Form: SC 13G/A · Filed: Jan 22, 2024 · CIK: 821026
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, portfolio-update
Related Tickers: ANDE
TL;DR
**BlackRock updated its Andersons Inc. (ANDE) stake as of year-end 2023.**
AI Summary
BlackRock Inc. has filed an amendment (SC 13G/A) to its Schedule 13G for Andersons, Inc. (NASDAQ: ANDE), indicating a change in its ownership stake as of December 31, 2023. This filing, Amendment No. 15, updates previous disclosures and is important for investors as it shows BlackRock, a major institutional investor, is adjusting its position in the agricultural company, which could signal a shift in their investment outlook or portfolio rebalancing.
Why It Matters
This filing reveals BlackRock's updated ownership in Andersons, Inc., providing transparency into a significant institutional investor's position, which can influence market perception and trading activity for ANDE stock.
Risk Assessment
Risk Level: low — This filing is a routine update from a large institutional investor and does not inherently signal high risk, but rather transparency.
Analyst Insight
Investors should monitor subsequent filings from BlackRock to understand the magnitude and direction of their ownership changes in Andersons, Inc., as this filing only indicates an amendment without specifying the new percentage.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- Andersons, Inc. (company) — the subject company whose shares are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- Amendment No. 15 (number) — the specific amendment number to the Schedule 13G
FAQ
What type of SEC filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 15)' sections.
Who is the subject company of this filing?
The subject company is Andersons, Inc., identified by 'COMPANY CONFORMED NAME: Andersons, Inc.' and 'Name of Issuer) ANDERSONS INC'.
Who is the entity that filed this amendment?
The entity that filed this amendment is BlackRock Inc., as indicated by 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.'.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023, as specified under '(Date of Event Which Requires Filing of this Statement)'.
What is the CUSIP number for the securities discussed in this filing?
The CUSIP number for the Common Stock of Andersons, Inc. is 034164103, as listed under '(CUSIP Number)'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 22, 2024 regarding Andersons, Inc. (ANDE).