Andersons (NASDAQ:ANDE) Coverage Initiated at BMO Capital Markets

Analysts at BMO Capital Markets began coverage on shares of Andersons (NASDAQ:ANDE - Get Free Report) in a note issued to investors on Tuesday, Marketbeat reports. The brokerage set a "market perform" rating and a $45.00 price target on the basic materials company's stock. BMO Capital Markets' price objective points to a potential upside of 29.87% from the company's current price.

Several other research firms have also recently commented on ANDE. StockNews.com cut Andersons from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Stephens restated an "overweight" rating and issued a $55.00 target price on shares of Andersons in a research note on Wednesday, February 19th.

Andersons Stock Performance

ANDE stock traded up $0.24 on Tuesday, hitting $34.65. The company's stock had a trading volume of 348,570 shares, compared to its average volume of 253,489. Andersons has a 1 year low of $31.03 and a 1 year high of $55.52. The company has a current ratio of 1.65, a quick ratio of 0.90 and a debt-to-equity ratio of 0.38. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 10.44 and a beta of 0.73. The firm has a 50 day moving average of $39.67 and a two-hundred day moving average of $42.50.

Andersons (NASDAQ:ANDE - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.08) by $0.20. The firm had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.85 billion. Andersons had a return on equity of 7.59% and a net margin of 1.01%. The business's revenue was down 2.3% on a year-over-year basis. During the same quarter last year, the company posted $0.16 earnings per share. Equities analysts predict that Andersons will post 3.11 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, VP Weston Heide sold 800 shares of the firm's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $48.00, for a total value of $38,400.00. Following the completion of the sale, the vice president now owns 16,104 shares in the company, valued at $772,992. This trade represents a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Nordea Investment Management AB boosted its stake in shares of Andersons by 86.5% during the 4th quarter. Nordea Investment Management AB now owns 101,099 shares of the basic materials company's stock worth $4,110,000 after acquiring an additional 46,903 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in Andersons during the fourth quarter worth $728,000. Peoples Bank KS grew its holdings in Andersons by 250.0% in the fourth quarter. Peoples Bank KS now owns 700 shares of the basic materials company's stock valued at $28,000 after purchasing an additional 500 shares during the last quarter. Wedge Capital Management L L P NC acquired a new position in shares of Andersons during the 4th quarter worth $2,744,000. Finally, Empowered Funds LLC raised its stake in shares of Andersons by 5.8% during the 4th quarter. Empowered Funds LLC now owns 232,213 shares of the basic materials company's stock worth $9,364,000 after buying an additional 12,792 shares during the last quarter. 87.06% of the stock is currently owned by institutional investors and hedge funds.

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.