Andersons (NASDAQ:ANDE) Stock Rating Lowered by StockNews.com

Andersons (NASDAQ:ANDE) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Thursday.

A number of other equities analysts have also recently issued reports on the company. Lake Street Capital lowered their target price on Andersons from $70.00 to $55.00 and set a “buy” rating for the company in a report on Thursday, May 8th. Stephens reaffirmed an “overweight” rating and set a $55.00 price objective on shares of Andersons in a research report on Wednesday, February 19th. Finally, BMO Capital Markets assumed coverage on Andersons in a report on Tuesday, May 6th. They set a “market perform” rating and a $45.00 price objective for the company.

Andersons Stock Performance

Shares of ANDE stock opened at $35.34 on Thursday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.90 and a current ratio of 1.65. Andersons has a 52 week low of $31.03 and a 52 week high of $55.52. The company’s 50 day moving average price is $39.28 and its two-hundred day moving average price is $42.28. The company has a market capitalization of $1.21 billion, a P/E ratio of 10.64 and a beta of 0.73.

Andersons (NASDAQ:ANDE) last issued its quarterly earnings data on Tuesday, May 6th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.20. Andersons had a net margin of 1.01% and a return on equity of 7.59%. The company had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.85 billion. During the same quarter in the prior year, the firm earned $0.16 earnings per share. The firm’s revenue was down 2.3% compared to the same quarter last year. On average, analysts expect that Andersons will post 3.11 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Andersons news, VP Weston Heide sold 800 shares of Andersons stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $48.00, for a total value of $38,400.00. Following the sale, the vice president now directly owns 16,104 shares in the company, valued at approximately $772,992. The trade was a 4.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 4.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Andersons

A number of large investors have recently modified their holdings of ANDE. Yousif Capital Management LLC increased its position in shares of Andersons by 2.0% in the first quarter. Yousif Capital Management LLC now owns 13,732 shares of the basic materials company’s stock valued at $590,000 after acquiring an additional 275 shares during the last quarter. SummerHaven Investment Management LLC grew its stake in Andersons by 2.2% in the first quarter. SummerHaven Investment Management LLC now owns 16,596 shares of the basic materials company’s stock valued at $712,000 after purchasing an additional 353 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in Andersons by 1.3% in the first quarter. Nisa Investment Advisors LLC now owns 31,542 shares of the basic materials company’s stock valued at $1,354,000 after purchasing an additional 408 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Andersons by 16.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,866 shares of the basic materials company’s stock worth $116,000 after purchasing an additional 412 shares during the last quarter. Finally, Summit Place Financial Advisors LLC raised its stake in shares of Andersons by 2.4% during the 1st quarter. Summit Place Financial Advisors LLC now owns 22,766 shares of the basic materials company’s stock worth $977,000 after purchasing an additional 530 shares in the last quarter. 87.06% of the stock is currently owned by institutional investors and hedge funds.

About Andersons

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.