Andersons (NASDAQ:ANDE) Stock Rating Lowered by StockNews.com

Andersons (NASDAQ:ANDE) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.

Separately, Stephens reissued an “overweight” rating and issued a $55.00 target price on shares of Andersons in a research note on Wednesday.

Andersons Price Performance

NASDAQ ANDE traded down $1.64 during trading hours on Thursday, reaching $46.17. The company’s stock had a trading volume of 523,583 shares, compared to its average volume of 277,599. 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 stock has a market cap of $1.57 billion, a PE ratio of 13.91 and a beta of 0.58. The company’s 50-day moving average is $41.85 and its two-hundred day moving average is $45.95. Andersons has a fifty-two week low of $39.25 and a fifty-two week high of $61.46.

Andersons (NASDAQ:ANDE) last posted its earnings results on Tuesday, February 18th. The basic materials company reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.34. The firm had revenue of $3.12 billion for the quarter, compared to analyst estimates of $2.72 billion. Andersons had a return on equity of 7.71% and a net margin of 1.01%. Analysts forecast that Andersons will post 3.11 EPS for the current year.

Insider Transactions at Andersons

In other news, insider Joseph E. Mcneely sold 2,382 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $47.73, for a total transaction of $113,692.86. Following the completion of the sale, the insider now directly owns 49,601 shares of the company’s stock, valued at $2,367,455.73. The trade was a 4.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Weston Heide sold 800 shares of the stock in a transaction on 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 directly owns 16,104 shares in the company, valued at $772,992. This trade represents a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Peoples Bank KS grew its stake in Andersons by 250.0% during the fourth quarter. Peoples Bank KS now owns 700 shares of the basic materials company’s stock worth $28,000 after buying an additional 500 shares during the period. KBC Group NV increased its holdings in Andersons by 70.3% in the 4th quarter. KBC Group NV now owns 1,558 shares of the basic materials company’s stock valued at $63,000 after purchasing an additional 643 shares in the last quarter. Truvestments Capital LLC purchased a new position in Andersons in the third quarter valued at about $98,000. EverSource Wealth Advisors LLC lifted its stake in shares of Andersons by 16.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,866 shares of the basic materials company’s stock worth $116,000 after purchasing an additional 412 shares in the last quarter. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Andersons in the fourth quarter valued at about $189,000. Hedge funds and other 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.