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

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

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

Andersons Stock Up 2.0 %

Andersons stock traded up $0.80 during midday trading on Tuesday, hitting $40.86. 194,670 shares of the company were exchanged, compared to its average volume of 250,967. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.98 and a quick ratio of 1.23. Andersons has a fifty-two week low of $39.25 and a fifty-two week high of $61.46. The company’s fifty day moving average price is $43.09 and its 200-day moving average price is $46.83. The company has a market cap of $1.39 billion, a PE ratio of 11.67 and a beta of 0.58.

Andersons (NASDAQ:ANDE) last announced its 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. Andersons had a net margin of 1.06% and a return on equity of 8.21%. The business had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same period in the prior year, the firm earned $0.13 earnings per share. The business’s quarterly revenue was down 27.9% compared to the same quarter last year. On average, research analysts predict that Andersons will post 2.9 EPS for the current fiscal year.

Insider Transactions at Andersons

In other Andersons news, insider Joseph E. Mcneely sold 2,382 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $47.73, for a total transaction of $113,692.86. Following the transaction, the insider now owns 49,601 shares of the company’s stock, valued at $2,367,455.73. This trade represents a 4.58 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 5.10% of the company’s stock.

Institutional Investors Weigh In On Andersons

Institutional investors have recently modified their holdings of the business. AQR Capital Management LLC lifted its holdings in Andersons by 20.0% in the second quarter. AQR Capital Management LLC now owns 39,794 shares of the basic materials company’s stock worth $1,974,000 after acquiring an additional 6,644 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Andersons by 5.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 88,004 shares of the basic materials company’s stock worth $4,365,000 after purchasing an additional 4,413 shares during the last quarter. SG Americas Securities LLC acquired a new position in Andersons during the 3rd quarter valued at approximately $499,000. Inspire Investing LLC grew its stake in Andersons by 15.5% during the 3rd quarter. Inspire Investing LLC now owns 9,191 shares of the basic materials company’s stock worth $461,000 after buying an additional 1,234 shares during the last quarter. Finally, Exchange Traded Concepts LLC increased its position in Andersons by 21.3% in the third quarter. Exchange Traded Concepts LLC now owns 19,851 shares of the basic materials company’s stock worth $995,000 after buying an additional 3,490 shares during the period. Institutional investors 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.