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 research report issued on Tuesday.

Andersons Trading Up 12.6 %

Shares of Andersons stock opened at $48.86 on Tuesday. The firm has a 50-day simple moving average of $48.32 and a two-hundred day simple moving average of $50.14. The company has a market cap of $1.66 billion, a P/E ratio of 14.57 and a beta of 0.60. Andersons has a fifty-two week low of $41.76 and a fifty-two week high of $61.46. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.44 and a current ratio of 2.07.

Andersons (NASDAQ:ANDE) last issued its quarterly earnings data on Monday, November 4th. The basic materials company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.37. The business had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.90 billion. Andersons had a net margin of 0.83% and a return on equity of 6.99%. The company’s revenue was down 27.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.13 earnings per share.

Institutional Trading of Andersons

Institutional investors and hedge funds have recently modified their holdings of the stock. Empowered Funds LLC grew its stake in Andersons by 3.8% during the 3rd quarter. Empowered Funds LLC now owns 219,421 shares of the basic materials company’s stock valued at $10,960,000 after acquiring an additional 8,050 shares in the last quarter. Victory Capital Management Inc. grew its stake in Andersons by 7.0% during the 3rd quarter. Victory Capital Management Inc. now owns 488,505 shares of the basic materials company’s stock valued at $24,494,000 after acquiring an additional 31,881 shares in the last quarter. Summit Global Investments grew its stake in Andersons by 41.5% during the 3rd quarter. Summit Global Investments now owns 13,088 shares of the basic materials company’s stock valued at $656,000 after acquiring an additional 3,840 shares in the last quarter. James Investment Research Inc. grew its stake in Andersons by 7.7% during the 3rd quarter. James Investment Research Inc. now owns 9,478 shares of the basic materials company’s stock valued at $475,000 after acquiring an additional 675 shares in the last quarter. Finally, Summit Place Financial Advisors LLC grew its stake in Andersons by 5.9% during the 3rd quarter. Summit Place Financial Advisors LLC now owns 22,186 shares of the basic materials company’s stock valued at $1,112,000 after acquiring an additional 1,230 shares in the last quarter. Hedge funds and other 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.