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

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

Separately, Roth Capital restated a “buy” rating and issued a $65.00 target price on shares of Andersons in a report on Tuesday, February 6th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $62.50.

Andersons Trading Up 2.7 %

ANDE stock traded up $1.40 during midday trading on Thursday, hitting $52.85. The stock had a trading volume of 240,829 shares, compared to its average volume of 184,258. The business has a fifty day moving average price of $56.02 and a two-hundred day moving average price of $53.90. Andersons has a 1-year low of $35.69 and a 1-year high of $61.46. The firm has a market cap of $1.80 billion, a P/E ratio of 17.98 and a beta of 0.69. The company has a current ratio of 1.72, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37.

Andersons (NASDAQ:ANDE) last announced its quarterly earnings data on Thursday, May 9th. The basic materials company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.07). Andersons had a net margin of 0.69% and a return on equity of 8.19%. The company had revenue of $2.72 billion for the quarter, compared to analyst estimates of $3.46 billion. During the same quarter in the prior year, the company posted $0.20 EPS. Andersons’s revenue for the quarter was down 30.0% on a year-over-year basis. On average, sell-side analysts predict that Andersons will post 2.54 earnings per share for the current fiscal year.

Insider Transactions at Andersons

In other Andersons news, CEO Patrick E. Bowe sold 3,387 shares of the stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $60.01, for a total transaction of $203,253.87. Following the transaction, the chief executive officer now directly owns 85,159 shares in the company, valued at approximately $5,110,391.59. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Andersons news, Director Michael J. Anderson sold 3,000 shares of the stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $59.00, for a total transaction of $177,000.00. Following the transaction, the director now directly owns 209,968 shares in the company, valued at approximately $12,388,112. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Patrick E. Bowe sold 3,387 shares of the stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $60.01, for a total transaction of $203,253.87. Following the sale, the chief executive officer now directly owns 85,159 shares of the company’s stock, valued at $5,110,391.59. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 45,245 shares of company stock worth $2,534,099. Insiders own 5.10% of the company’s stock.

Institutional Trading of Andersons

Hedge funds have recently modified their holdings of the company. GAMMA Investing LLC raised its position in shares of Andersons by 65.8% in the 1st quarter. GAMMA Investing LLC now owns 524 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 208 shares during the last quarter. C M Bidwell & Associates Ltd. purchased a new position in shares of Andersons in the 3rd quarter valued at approximately $33,000. Creekmur Asset Management LLC purchased a new position in shares of Andersons in the 4th quarter valued at approximately $41,000. Larson Financial Group LLC purchased a new position in shares of Andersons in the 1st quarter valued at approximately $57,000. Finally, Global Retirement Partners LLC purchased a new position in Andersons during the 1st quarter worth approximately $66,000. 87.06% of the stock is owned by hedge funds and other institutional investors.

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.