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

StockNews.com downgraded shares of Andersons (NASDAQ:ANDE) from a buy rating to a hold rating in a report released on Thursday.

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

Andersons Stock Up 0.3%

ANDE stock opened at $35.44 on Thursday. The company has a market cap of $1.21 billion, a price-to-earnings ratio of 10.67 and a beta of 0.73. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.90 and a current ratio of 1.65. The business’s 50-day moving average is $39.12 and its two-hundred day moving average is $42.20. Andersons has a fifty-two week low of $31.03 and a fifty-two week high of $55.52.

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

Insiders Place Their Bets

In other news, VP Weston Heide sold 800 shares of the company’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $48.00, for a total value of $38,400.00. Following the completion of the transaction, the vice president now owns 16,104 shares of the company’s stock, valued at $772,992. This represents a 4.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 4.30% of the company’s stock.

Institutional Trading of Andersons

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. AQR Capital Management LLC boosted its stake in Andersons by 5.5% in the 1st quarter. AQR Capital Management LLC now owns 40,727 shares of the basic materials company’s stock worth $1,748,000 after purchasing an additional 2,137 shares during the period. EP Wealth Advisors LLC lifted its holdings in shares of Andersons by 65.4% in the first quarter. EP Wealth Advisors LLC now owns 10,847 shares of the basic materials company’s stock worth $466,000 after buying an additional 4,290 shares in the last quarter. Graham Capital Management L.P. lifted its holdings in shares of Andersons by 10.0% in the first quarter. Graham Capital Management L.P. now owns 14,860 shares of the basic materials company’s stock worth $638,000 after buying an additional 1,351 shares in the last quarter. State of Wyoming bought a new position in shares of Andersons during the first quarter worth $352,000. Finally, Trexquant Investment LP grew its stake in Andersons by 167.6% during the first quarter. Trexquant Investment LP now owns 77,559 shares of the basic materials company’s stock valued at $3,330,000 after acquiring an additional 48,573 shares in the last quarter. Institutional investors own 87.06% of the company’s stock.

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.