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

StockNews.com cut shares of Andersons (NASDAQ:ANDE - Free Report) from a buy rating to a hold rating in a research note released on Thursday.

A number of other analysts have also issued reports on ANDE. Stephens restated an "overweight" rating and set a $55.00 target price on shares of Andersons in a research report on Wednesday, February 19th. Lake Street Capital reduced their price target on Andersons from $70.00 to $55.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Finally, BMO Capital Markets assumed coverage on Andersons in a research report on Tuesday, May 6th. They issued a "market perform" rating and a $45.00 target price on the stock.

Andersons Stock Performance

ANDE traded down $0.09 during trading on Thursday, hitting $35.65. 3,059 shares of the stock were exchanged, compared to its average volume of 256,488. The firm has a market capitalization of $1.22 billion, a P/E ratio of 10.71 and a beta of 0.73. Andersons has a 1-year low of $31.03 and a 1-year high of $55.52. The stock has a fifty day moving average price of $38.88 and a two-hundred day moving average price of $42.02. The company has a quick ratio of 0.90, a current ratio of 1.65 and a debt-to-equity ratio of 0.38.

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 for the quarter, topping analysts' consensus estimates of ($0.08) by $0.20. The business had revenue of $2.66 billion for the quarter, compared to analysts' expectations of $2.85 billion. Andersons had a return on equity of 7.59% and a net margin of 1.01%. The company's revenue was down 2.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.16 EPS. As a group, sell-side analysts predict that Andersons will post 3.11 earnings per share for the current year.

Insider Activity at Andersons

In other news, VP Weston Heide sold 800 shares of Andersons stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $48.00, for a total value of $38,400.00. Following the transaction, the vice president now owns 16,104 shares of the company's stock, valued at $772,992. The trade was a 4.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 4.30% of the company's stock.

Hedge Funds Weigh In On Andersons

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in Andersons by 2.9% in the first quarter. Vanguard Group Inc. now owns 4,113,185 shares of the basic materials company's stock valued at $176,579,000 after purchasing an additional 115,948 shares in the last quarter. American Century Companies Inc. raised its holdings in Andersons by 7.8% in the 4th quarter. American Century Companies Inc. now owns 1,166,781 shares of the basic materials company's stock worth $47,278,000 after acquiring an additional 84,133 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Andersons by 6.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 800,220 shares of the basic materials company's stock worth $34,353,000 after purchasing an additional 48,596 shares during the period. Northern Trust Corp increased its stake in Andersons by 11.0% during the fourth quarter. Northern Trust Corp now owns 615,897 shares of the basic materials company's stock valued at $24,956,000 after acquiring an additional 61,250 shares during the period. Finally, Invesco Ltd. increased its position in shares of Andersons by 12.5% during the first quarter. Invesco Ltd. now owns 615,797 shares of the basic materials company's stock valued at $26,436,000 after purchasing an additional 68,498 shares during the period. Hedge funds and other institutional investors 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.