StockNews.com Downgrades Andersons (NASDAQ:ANDE) to Hold

Andersons (NASDAQ:ANDE) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

Separately, Stephens reiterated an “overweight” rating and issued a $60.00 price target on shares of Andersons in a research note on Thursday, January 2nd.

Andersons Stock Performance

Shares of ANDE opened at $40.63 on Tuesday. The company has a quick ratio of 1.23, a current ratio of 1.98 and a debt-to-equity ratio of 0.36. The stock has a market cap of $1.38 billion, a P/E ratio of 11.61 and a beta of 0.58. The business’s 50 day moving average price is $42.95 and its 200-day moving average price is $46.79. Andersons has a 52 week low of $39.25 and a 52 week high of $61.46.

Andersons (NASDAQ:ANDE) last released its earnings results on Monday, November 4th. The basic materials company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.43 by $0.37. Andersons had a return on equity of 8.21% and a net margin of 1.06%. The business had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same period in the previous year, the company posted $0.13 earnings per share. The company’s revenue for the quarter was down 27.9% compared to the same quarter last year. Equities research analysts anticipate that Andersons will post 2.9 earnings per share for the current fiscal year.

Insider Transactions at Andersons

In other news, insider Joseph E. Mcneely sold 2,382 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $47.73, for a total transaction of $113,692.86. Following the sale, the insider now owns 49,601 shares of the company’s stock, valued at $2,367,455.73. This trade represents a 4.58 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 5.10% of the company’s stock.

Institutional Trading of Andersons

Large investors have recently modified their holdings of the company. AQR Capital Management LLC boosted its position in Andersons by 20.0% in the second quarter. AQR Capital Management LLC now owns 39,794 shares of the basic materials company’s stock worth $1,974,000 after purchasing an additional 6,644 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Andersons by 5.3% in the second quarter. The Manufacturers Life Insurance Company now owns 88,004 shares of the basic materials company’s stock worth $4,365,000 after buying an additional 4,413 shares during the last quarter. SG Americas Securities LLC bought a new stake in Andersons during the third quarter valued at approximately $499,000. Inspire Investing LLC increased its holdings in Andersons by 15.5% during the third quarter. Inspire Investing LLC now owns 9,191 shares of the basic materials company’s stock valued at $461,000 after buying an additional 1,234 shares during the last quarter. Finally, Exchange Traded Concepts LLC raised its position in Andersons by 21.3% in the third quarter. Exchange Traded Concepts LLC now owns 19,851 shares of the basic materials company’s stock worth $995,000 after acquiring an additional 3,490 shares during the period. Institutional investors own 87.06% of the company’s stock.

Andersons Company 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.