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

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

Separately, Stephens reaffirmed an “overweight” rating and issued a $60.00 target price on shares of Andersons in a report on Thursday, January 2nd.

Andersons Stock Down 0.6 %

ANDE stock opened at $40.63 on Tuesday. The business’s 50-day moving average price is $42.95 and its 200-day moving average price is $46.79. The stock has a market cap of $1.38 billion, a P/E ratio of 11.61 and a beta of 0.58. Andersons has a twelve month low of $39.25 and a twelve month high of $61.46. The company has a quick ratio of 1.23, a current ratio of 1.98 and a debt-to-equity ratio of 0.36.

Andersons (NASDAQ:ANDE) last issued its quarterly earnings results on Monday, November 4th. The basic materials company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.37. The business had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.90 billion. Andersons had a net margin of 1.06% and a return on equity of 8.21%. The company’s revenue for the quarter was down 27.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.13 earnings per share. On average, equities research analysts forecast that Andersons will post 2.9 EPS for the current year.

Insider Buying and Selling at Andersons

In other Andersons news, insider Joseph E. Mcneely sold 2,382 shares of the 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 completion of the transaction, the insider now owns 49,601 shares of the company’s stock, valued at $2,367,455.73. This represents a 4.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 5.10% of the company’s stock.

Institutional Investors Weigh In On Andersons

A number of hedge funds have recently made changes to their positions in ANDE. Peoples Bank KS grew its holdings in Andersons by 250.0% during the 4th quarter. Peoples Bank KS now owns 700 shares of the basic materials company’s stock valued at $28,000 after buying an additional 500 shares in the last quarter. KBC Group NV grew its holdings in shares of Andersons by 70.3% in the fourth 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 bought a new stake in Andersons in the third quarter worth $98,000. Systematic Financial Management LP purchased a new stake in Andersons during the third quarter valued at $227,000. Finally, Inspire Advisors LLC lifted its position in Andersons by 11.8% during the third quarter. Inspire Advisors LLC now owns 4,547 shares of the basic materials company’s stock valued at $228,000 after purchasing an additional 480 shares during the last quarter. 87.06% of the stock is currently owned by hedge funds and other institutional investors.

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.