Andersons (NASDAQ:ANDE) Downgraded by StockNews.com to Hold

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

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

Andersons Price Performance

ANDE stock traded up $0.80 during trading on Tuesday, hitting $40.86. The company had a trading volume of 194,670 shares, compared to its average volume of 250,967. The business has a 50 day moving average of $43.09 and a 200 day moving average of $46.83. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of 11.67 and a beta of 0.58. The company has a current ratio of 1.98, a quick ratio of 1.23 and a debt-to-equity ratio of 0.36. Andersons has a fifty-two week low of $39.25 and a fifty-two week high of $61.46.

Andersons (NASDAQ:ANDE) last issued its quarterly earnings results 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. Andersons had a net margin of 1.06% and a return on equity of 8.21%. The company had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same period in the prior year, the business posted $0.13 EPS. The business’s revenue for the quarter was down 27.9% compared to the same quarter last year. As a group, research analysts predict that Andersons will post 2.9 earnings per share for the current year.

Insider Transactions at Andersons

In related news, insider Joseph E. Mcneely sold 2,382 shares of the stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $47.73, for a total value of $113,692.86. Following the completion of the transaction, the insider now owns 49,601 shares in the company, valued at $2,367,455.73. This trade represents a 4.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 5.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Peoples Bank KS grew its holdings in shares of Andersons by 250.0% during the fourth quarter. Peoples Bank KS now owns 700 shares of the basic materials company’s stock valued at $28,000 after buying an additional 500 shares in the last quarter. KBC Group NV boosted its position in Andersons by 70.3% during the 4th quarter. KBC Group NV now owns 1,558 shares of the basic materials company’s stock worth $63,000 after acquiring an additional 643 shares during the period. Truvestments Capital LLC purchased a new position in Andersons during the 3rd quarter valued at about $98,000. Systematic Financial Management LP acquired a new position in shares of Andersons in the 3rd quarter valued at about $227,000. Finally, Inspire Advisors LLC lifted its position in shares of Andersons by 11.8% in the third quarter. Inspire Advisors LLC now owns 4,547 shares of the basic materials company’s stock worth $228,000 after purchasing an additional 480 shares in the last quarter. 87.06% of the stock is currently owned by institutional investors and hedge funds.

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.