Andersons (NASDAQ:ANDE) Upgraded at StockNews.com

StockNews.com upgraded shares of Andersons (NASDAQ:ANDE) from a hold rating to a buy rating in a research report sent to investors on Saturday morning.

Several other equities analysts have also recently issued reports on ANDE. Stephens upped their target price on shares of Andersons from $55.00 to $60.00 and gave the company an overweight rating in a research note on Thursday, August 3rd. Lake Street Capital upped their target price on shares of Andersons from $50.00 to $60.00 and gave the company a buy rating in a research note on Thursday, August 3rd. Finally, Roth Mkm upped their target price on shares of Andersons from $55.00 to $65.00 and gave the company a buy rating in a research note on Thursday, August 3rd.

Andersons Stock Performance

Shares of Andersons stock opened at $51.52 on Friday. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of 30.13 and a beta of 0.75. The firm’s 50-day moving average is $50.71 and its 200 day moving average is $47.81. Andersons has a 1 year low of $33.20 and a 1 year high of $53.60. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.80 and a quick ratio of 1.10.

Andersons (NASDAQ:ANDE) last announced its quarterly earnings results on Wednesday, November 8th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.39). The firm had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.90 billion. Andersons had a return on equity of 6.85% and a net margin of 0.36%. The business’s revenue for the quarter was down 13.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.50 EPS. Sell-side analysts anticipate that Andersons will post 3.28 EPS for the current fiscal year.

Insider Activity

In other news, Director Ross W. Manire sold 5,000 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $51.79, for a total transaction of $258,950.00. Following the completion of the sale, the director now owns 28,123 shares of the company’s stock, valued at approximately $1,456,490.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Ross W. Manire sold 5,000 shares of the stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $51.79, for a total value of $258,950.00. Following the completion of the sale, the director now directly owns 28,123 shares of the company’s stock, valued at approximately $1,456,490.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Brian K. Walz sold 3,414 shares of the stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $51.26, for a total transaction of $175,001.64. Following the completion of the sale, the vice president now directly owns 15,010 shares of the company’s stock, valued at $769,412.60. The disclosure for this sale can be found here. Insiders sold 18,292 shares of company stock valued at $949,089 in the last quarter. 5.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Andersons

A number of institutional investors have recently added to or reduced their stakes in the stock. Investors Research Corp grew its holdings in Andersons by 0.7% during the 2nd quarter. Investors Research Corp now owns 27,370 shares of the basic materials company’s stock valued at $1,263,000 after buying an additional 200 shares in the last quarter. Ameritas Investment Partners Inc. boosted its position in shares of Andersons by 9.4% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,660 shares of the basic materials company’s stock valued at $123,000 after acquiring an additional 228 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in shares of Andersons by 2.2% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 12,326 shares of the basic materials company’s stock valued at $569,000 after acquiring an additional 260 shares during the last quarter. Ziegler Capital Management LLC boosted its position in shares of Andersons by 1.0% during the 1st quarter. Ziegler Capital Management LLC now owns 26,236 shares of the basic materials company’s stock valued at $1,084,000 after acquiring an additional 270 shares during the last quarter. Finally, HBK Sorce Advisory LLC boosted its position in shares of Andersons by 4.6% during the 1st quarter. HBK Sorce Advisory LLC now owns 6,130 shares of the basic materials company’s stock valued at $380,000 after acquiring an additional 272 shares during the last quarter. 85.16% of the stock is owned by hedge funds and other institutional investors.

About Andersons

The Andersons, Inc operates in trade, renewables, and plant nutrient sectors in the United States and internationally. It operates through three segments: Trade, Renewables, and Plant Nutrient. 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, and corn oil.