Andersons (NASDAQ:ANDE) Stock Price Down 4.5% – What’s Next?

The Andersons, Inc. (NASDAQ:ANDE)’s share price fell 4.5% during mid-day trading on Thursday . The company traded as low as $70.08 and last traded at $70.8920. 98,729 shares traded hands during trading, a decline of 70% from the average session volume of 324,201 shares. The stock had previously closed at $74.24.

Analysts Set New Price Targets

ANDE has been the topic of a number of research reports. Weiss Ratings raised shares of Andersons from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, May 7th. Wall Street Zen upgraded Andersons from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. BMO Capital Markets upped their price target on Andersons from $65.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, February 19th. Benchmark increased their price objective on Andersons from $75.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Finally, UBS Group set a $90.00 price objective on Andersons in a research report on Wednesday, May 20th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $85.00.

Andersons Stock Down 3.4%

The stock’s 50 day simple moving average is $72.98 and its two-hundred day simple moving average is $64.79. The firm has a market cap of $2.44 billion, a P/E ratio of 19.10 and a beta of 0.64. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.37 and a quick ratio of 0.62.

Andersons (NASDAQ:ANDE) last posted its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.42. Andersons had a return on equity of 10.68% and a net margin of 1.17%.The company had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.71 billion. During the same quarter in the prior year, the business posted $0.12 EPS. The firm’s quarterly revenue was down 1.2% compared to the same quarter last year.

Insiders Place Their Bets

In other news, Director Patrick E. Bowe sold 16,466 shares of the firm’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $80.76, for a total transaction of $1,329,794.16. Following the completion of the transaction, the director directly owned 78,409 shares in the company, valued at $6,332,310.84. This trade represents a 17.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John T. Stout, Jr. sold 2,500 shares of Andersons stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $70.30, for a total value of $175,750.00. Following the completion of the transaction, the director directly owned 23,441 shares of the company’s stock, valued at approximately $1,647,902.30. This represents a 9.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 83,966 shares of company stock worth $6,385,567. Insiders own 4.30% of the company’s stock.

Institutional Investors Weigh In On Andersons

Several institutional investors and hedge funds have recently made changes to their positions in the company. Uniplan Investment Counsel Inc. purchased a new position in Andersons in the 4th quarter worth approximately $25,000. Wealth Enhancement Advisory Services LLC purchased a new stake in Andersons during the 3rd quarter valued at $30,000. Optima Capital LLC bought a new stake in shares of Andersons in the 4th quarter worth $32,000. Larson Financial Group LLC raised its stake in shares of Andersons by 33,600.0% in the third quarter. Larson Financial Group LLC now owns 1,011 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 1,008 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its stake in shares of Andersons by 95.2% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 820 shares of the basic materials company’s stock worth $44,000 after purchasing an additional 400 shares during the last quarter. Institutional investors own 87.06% of the company’s stock.

About Andersons

The Andersons, Inc operates as a diversified agriculture company offering a broad range of products and services to farmers, retailers and industrial customers. Through its Grain Group, the company purchases, stores, merchandises and transports corn, soybeans and other commodities, while its Renewables Group produces ethanol and distillers grains at multiple plants in the U.S. The Rail Group provides locomotive leasing, railcar repair and related maintenance services, and the Horticulture Group supplies turf, specialty and horticultural products to landscaping professionals and consumer lawn and garden retailers.

Founded in 1947 and headquartered in Maumee, Ohio, The Andersons has grown from a regional grain elevator operator into an integrated agribusiness platform.