Andersons’ (ANDE) “Overweight” Rating Reiterated at Stephens

Andersons (NASDAQ:ANDE)‘s stock had its “overweight” rating reissued by Stephens in a report issued on Thursday,Benzinga reports. They currently have a $60.00 price objective on the basic materials company’s stock. Stephens’ price target indicates a potential upside of 49.66% from the stock’s previous close.

Separately, StockNews.com raised Andersons from a “hold” rating to a “buy” rating in a research report on Wednesday, November 13th.

Andersons Price Performance

Shares of NASDAQ ANDE opened at $40.09 on Thursday. Andersons has a fifty-two week low of $39.25 and a fifty-two week high of $61.46. The company has a market cap of $1.37 billion, a PE ratio of 11.45 and a beta of 0.59. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.23 and a current ratio of 1.98. The business has a 50-day simple moving average of $45.14 and a two-hundred day simple moving average of $47.86.

Andersons (NASDAQ:ANDE) last released its earnings results on Monday, November 4th. The basic materials company reported $0.80 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same period in the prior year, the firm earned $0.13 EPS. The firm’s revenue was down 27.9% on a year-over-year basis. As a group, equities analysts expect that Andersons will post 2.9 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Joseph E. Mcneely sold 2,382 shares of the business’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 transaction, the insider now directly owns 49,601 shares in the company, valued at approximately $2,367,455.73. The trade was a 4.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 5.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Andersons

A number of large investors have recently made changes to their positions in ANDE. State Street Corp increased its position in Andersons by 2.2% during the third quarter. State Street Corp now owns 1,337,344 shares of the basic materials company’s stock worth $67,054,000 after purchasing an additional 28,773 shares during the last quarter. Intech Investment Management LLC boosted its stake in shares of Andersons by 375.0% in the third quarter. Intech Investment Management LLC now owns 42,225 shares of the basic materials company’s stock valued at $2,117,000 after purchasing an additional 33,336 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Andersons by 23.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 652,579 shares of the basic materials company’s stock worth $32,720,000 after acquiring an additional 124,468 shares in the last quarter. Geode Capital Management LLC increased its holdings in Andersons by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 785,139 shares of the basic materials company’s stock worth $39,374,000 after purchasing an additional 14,634 shares during the period. Finally, Renaissance Technologies LLC increased its stake in shares of Andersons by 13.1% during the second quarter. Renaissance Technologies LLC now owns 159,576 shares of the basic materials company’s stock worth $7,915,000 after buying an additional 18,500 shares during the period. 87.06% of the stock is currently owned by hedge funds and other institutional investors.

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.