Andersons (NASDAQ:ANDE) Earns "Hold (C)" Rating from Weiss Ratings

Key Points

• Weiss Ratings has reaffirmed a "hold (C)" rating for Andersons (NASDAQ:ANDE) in a recent research note.
• Andersons' stock price declined 0.5% recently, reaching $41.74, and the company reported earnings of $0.24 per share, missing the consensus estimate of $0.53.
• Institutional investors hold a significant stake in Andersons, with 87.06% of its stock owned by hedge funds and institutional investors.

Andersons (NASDAQ:ANDE - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Andersons Trading Down 0.5%

NASDAQ:ANDE traded down $0.20 on Wednesday, reaching $41.74. 240,858 shares of the stock traded hands, compared to its average volume of 339,971. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of 17.76 and a beta of 0.70. Andersons has a 1-year low of $31.03 and a 1-year high of $51.58. The company has a current ratio of 2.01, a quick ratio of 1.30 and a debt-to-equity ratio of 0.36. The company's 50 day moving average is $39.35 and its 200-day moving average is $37.95.

Andersons (NASDAQ:ANDE - Get Free Report) last released its earnings results on Monday, August 4th. The basic materials company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.29). Andersons had a net margin of 0.70% and a return on equity of 5.28%. The firm had revenue of $3.14 billion during the quarter, compared to analyst estimates of $2.86 billion. During the same quarter in the previous year, the firm earned $1.05 EPS. Andersons's quarterly revenue was up 12.2% on a year-over-year basis. Equities research analysts anticipate that Andersons will post 3.11 EPS for the current fiscal year.

Institutional Investors Weigh In On Andersons

Hedge funds have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its holdings in shares of Andersons by 148.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 16,992 shares of the basic materials company's stock valued at $737,000 after buying an additional 10,147 shares during the last quarter. Yousif Capital Management LLC boosted its holdings in Andersons by 2.0% during the first quarter. Yousif Capital Management LLC now owns 13,732 shares of the basic materials company's stock worth $590,000 after purchasing an additional 275 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Andersons by 426.2% during the first quarter. GAMMA Investing LLC now owns 1,805 shares of the basic materials company's stock worth $77,000 after acquiring an additional 1,462 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in Andersons by 11.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 13,744 shares of the basic materials company's stock worth $590,000 after acquiring an additional 1,375 shares during the period. Finally, Principal Financial Group Inc. grew its stake in Andersons by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 160,077 shares of the basic materials company's stock valued at $6,872,000 after purchasing an additional 4,135 shares during the period. Institutional investors and hedge funds 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.

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