The Andersons (NASDAQ:ANDE) was upgraded by equities researchers at TheStreet from a “c+” rating to a “b” rating in a research note issued on Wednesday.

ANDE stock traded down $0.70 during mid-day trading on Wednesday, hitting $33.20. 37,119 shares of the stock traded hands, compared to its average volume of 139,732. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.47 and a current ratio of 1.35. The Andersons has a twelve month low of $29.60 and a twelve month high of $39.35. The stock has a market cap of $988.16, a price-to-earnings ratio of 23.22 and a beta of 1.19.

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The Andersons (NASDAQ:ANDE) last posted its earnings results on Wednesday, February 14th. The basic materials company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.20. The Andersons had a net margin of 1.12% and a return on equity of 4.83%. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same period in the prior year, the company posted $0.36 EPS. The company’s revenue for the quarter was down 9.8% on a year-over-year basis. research analysts expect that The Andersons will post 1.94 EPS for the current year.

In other news, VP Naran Uchur Burchinow sold 2,200 shares of the stock in a transaction dated Thursday, March 8th. The shares were sold at an average price of $35.95, for a total transaction of $79,090.00. Following the sale, the vice president now directly owns 26,963 shares of the company’s stock, valued at approximately $969,319.85. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Rasesh H. Shah sold 9,000 shares of the stock in a transaction dated Monday, March 19th. The stock was sold at an average price of $34.50, for a total transaction of $310,500.00. Following the sale, the director now directly owns 24,728 shares in the company, valued at $853,116. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,000 shares of company stock worth $1,143,430. Corporate insiders own 6.30% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC boosted its stake in shares of The Andersons by 82.7% during the 3rd quarter. SG Americas Securities LLC now owns 5,498 shares of the basic materials company’s stock worth $188,000 after acquiring an additional 2,489 shares in the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of The Andersons during the 4th quarter worth about $284,000. Stone Ridge Asset Management LLC purchased a new stake in shares of The Andersons during the 4th quarter worth about $323,000. Teachers Retirement System of The State of Kentucky boosted its stake in shares of The Andersons by 37.6% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 10,250 shares of the basic materials company’s stock worth $351,000 after acquiring an additional 2,800 shares in the last quarter. Finally, Crossmark Global Holdings Inc. purchased a new stake in shares of The Andersons during the 3rd quarter worth about $355,000. 78.46% of the stock is currently owned by institutional investors and hedge funds.

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The Andersons Company Profile

The Andersons, Inc, an agriculture company, operates in the grain, ethanol, plant nutrient, and rail sectors in the United States and internationally. The company's Grain segment operates grain elevators; stores grains; and provides grain marketing, risk management, and corn origination services to its customers and affiliated ethanol facilities.

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