Andersons (NASDAQ:ANDE) Rating Lowered to Hold at StockNews.com

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

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

Andersons Price Performance

NASDAQ:ANDE opened at $36.07 on Thursday. The business’s 50-day moving average price is $38.99 and its 200 day moving average price is $42.11. The firm has a market cap of $1.23 billion, a P/E ratio of 10.86 and a beta of 0.73. Andersons has a 52-week low of $31.03 and a 52-week high of $55.52. The company has a quick ratio of 0.90, a current ratio of 1.65 and a debt-to-equity ratio of 0.38.

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

Insider Buying and Selling

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

Hedge Funds Weigh In On Andersons

Institutional investors and hedge funds have recently bought and sold shares of the business. Tudor Investment Corp ET AL purchased a new position in Andersons during the 4th quarter valued at about $591,000. Proficio Capital Partners LLC purchased a new position in Andersons during the 4th quarter valued at about $728,000. Empowered Funds LLC grew its stake in Andersons by 5.8% during the 4th quarter. Empowered Funds LLC now owns 232,213 shares of the basic materials company’s stock valued at $9,364,000 after acquiring an additional 12,792 shares in the last quarter. Wedge Capital Management L L P NC purchased a new position in Andersons during the 4th quarter valued at about $2,744,000. Finally, Bank of New York Mellon Corp grew its stake in Andersons by 14.2% during the 4th quarter. Bank of New York Mellon Corp now owns 353,271 shares of the basic materials company’s stock valued at $14,315,000 after acquiring an additional 44,022 shares in the last quarter. 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.