Andersons (NASDAQ:ANDE) Reaches New 52-Week High – Time to Buy?

The Andersons, Inc. (NASDAQ:ANDE)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $51.98 and last traded at $51.39, with a volume of 32085 shares trading hands. The stock had previously closed at $50.94.

Analyst Ratings Changes

ANDE has been the subject of a number of recent research reports. BMO Capital Markets lifted their price objective on Andersons from $45.00 to $50.00 and gave the company a “market perform” rating in a research note on Thursday, November 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Andersons in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $53.33.

Andersons Trading Up 0.7%

The company’s 50 day simple moving average is $45.58 and its 200 day simple moving average is $40.24. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.01 and a quick ratio of 1.30. The firm has a market cap of $1.74 billion, a price-to-earnings ratio of 21.83 and a beta of 0.76.

Andersons (NASDAQ:ANDE) last posted its earnings results on Tuesday, November 4th. The basic materials company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.38. The firm had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.85 billion. Andersons had a return on equity of 5.28% and a net margin of 0.70%.The firm’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.80 earnings per share. As a group, research analysts expect that The Andersons, Inc. will post 3.11 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Andersons news, VP Anne G. Rex sold 3,000 shares of the business’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $51.36, for a total transaction of $154,080.00. Following the sale, the vice president directly owned 23,549 shares in the company, valued at approximately $1,209,476.64. The trade was a 11.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 4.30% of the company’s stock.

Institutional Trading of Andersons

A number of large investors have recently made changes to their positions in the stock. Vest Financial LLC grew its position in shares of Andersons by 43.5% during the second quarter. Vest Financial LLC now owns 98,442 shares of the basic materials company’s stock worth $3,618,000 after buying an additional 29,858 shares in the last quarter. PAX Financial Group LLC acquired a new stake in Andersons in the 2nd quarter valued at approximately $226,000. Magnetar Financial LLC acquired a new stake in Andersons in the second quarter worth about $1,331,000. Acadian Asset Management LLC increased its stake in shares of Andersons by 61.8% during the first quarter. Acadian Asset Management LLC now owns 67,745 shares of the basic materials company’s stock valued at $2,903,000 after acquiring an additional 25,885 shares during the period. Finally, Hsbc Holdings PLC acquired a new stake in shares of Andersons in the first quarter valued at $1,021,000. Institutional investors and hedge funds own 87.06% of the company’s stock.

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.