StockNews.com Upgrades Andersons (NASDAQ:ANDE) to “Buy”

Andersons (NASDAQ:ANDE) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Wednesday.

Separately, Stephens reaffirmed an “overweight” rating and set a $60.00 price target on shares of Andersons in a research note on Thursday, January 2nd.

Andersons Trading Up 1.0 %

Shares of ANDE opened at $40.80 on Wednesday. The company has a quick ratio of 1.23, a current ratio of 1.98 and a debt-to-equity ratio of 0.36. Andersons has a 12-month low of $39.25 and a 12-month high of $61.46. The firm has a market capitalization of $1.39 billion, a PE ratio of 11.66 and a beta of 0.58. The stock’s fifty day simple moving average is $42.12 and its 200-day simple moving average is $46.31.

Insider Activity

In other Andersons news, insider Joseph E. Mcneely sold 2,382 shares of the stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $47.73, for a total value of $113,692.86. Following the transaction, the insider now owns 49,601 shares of the company’s stock, valued at approximately $2,367,455.73. This represents a 4.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 5.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Andersons

Several hedge funds have recently added to or reduced their stakes in ANDE. Peoples Bank KS lifted its stake 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 buying an additional 500 shares during the period. KBC Group NV increased its holdings in shares of Andersons by 70.3% in the fourth quarter. KBC Group NV now owns 1,558 shares of the basic materials company’s stock worth $63,000 after acquiring an additional 643 shares in the last quarter. Truvestments Capital LLC bought a new stake in shares of Andersons in the third quarter worth about $98,000. EverSource Wealth Advisors LLC increased its holdings in shares of Andersons by 16.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,866 shares of the basic materials company’s stock worth $116,000 after acquiring an additional 412 shares in the last quarter. Finally, Walleye Capital LLC bought a new stake in shares of Andersons in the fourth quarter worth about $213,000. 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.