Andersons (NASDAQ:ANDE) Cut to “Hold” at StockNews.com

Andersons (NASDAQ:ANDE) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a report released on Thursday.

Other equities research analysts have also recently issued research reports about the company. Lake Street Capital dropped their price target on Andersons from $70.00 to $55.00 and set a “buy” rating on the stock in a research note on Thursday, May 8th. Stephens reiterated an “overweight” rating and issued a $55.00 price objective on shares of Andersons in a report on Wednesday, February 19th. Finally, BMO Capital Markets started coverage on shares of Andersons in a research note on Tuesday, May 6th. They set a “market perform” rating and a $45.00 target price for the company.

Andersons Stock Down 2.8%

Shares of ANDE stock opened at $35.34 on Thursday. Andersons has a 52-week low of $31.03 and a 52-week high of $55.52. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 10.64 and a beta of 0.73. The firm’s 50-day moving average is $39.28 and its 200-day moving average is $42.28. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.90 and a current ratio of 1.65.

Andersons (NASDAQ:ANDE) last released its quarterly earnings data on Tuesday, May 6th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.20. Andersons had a return on equity of 7.59% and a net margin of 1.01%. The firm had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.85 billion. During the same quarter in the prior year, the company earned $0.16 earnings per share. The business’s revenue for the quarter was down 2.3% compared to the same quarter last year. Sell-side analysts predict that Andersons will post 3.11 EPS for the current year.

Insider Transactions at Andersons

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Voloridge Investment Management LLC acquired a new stake in shares of Andersons during the fourth quarter worth $8,651,000. Cubist Systematic Strategies LLC acquired a new position in shares of Andersons in the fourth quarter valued at about $8,545,000. Millennium Management LLC increased its position in Andersons by 3,547.8% during the fourth quarter. Millennium Management LLC now owns 204,532 shares of the basic materials company’s stock worth $8,288,000 after acquiring an additional 198,925 shares during the period. D. E. Shaw & Co. Inc. bought a new position in Andersons during the fourth quarter worth about $7,354,000. Finally, Nuveen LLC acquired a new stake in Andersons in the 1st quarter worth about $5,439,000. 87.06% of the stock is owned by institutional investors and hedge funds.

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.