Andersons (NASDAQ:ANDE) Upgraded at StockNews.com

StockNews.com upgraded shares of Andersons (NASDAQ:ANDE) from a hold rating to a buy rating in a research report released on Saturday.

Other research analysts have also issued reports about the stock. Stephens raised their price objective on shares of Andersons from $55.00 to $60.00 and gave the company an overweight rating in a research note on Thursday, August 3rd. Lake Street Capital raised their price target on shares of Andersons from $50.00 to $60.00 and gave the company a buy rating in a research report on Thursday, August 3rd. Finally, Roth Mkm raised their price target on shares of Andersons from $55.00 to $65.00 and gave the company a buy rating in a research report on Thursday, August 3rd.

Andersons Trading Up 1.2 %

ANDE opened at $51.52 on Friday. Andersons has a twelve month low of $33.20 and a twelve month high of $53.60. The company has a quick ratio of 1.10, a current ratio of 1.80 and a debt-to-equity ratio of 0.39. The company has a fifty day moving average of $50.71 and a 200-day moving average of $47.81. The stock has a market cap of $1.74 billion, a PE ratio of 30.13 and a beta of 0.75.

Andersons (NASDAQ:ANDE) last issued its earnings results on Wednesday, November 8th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.39). The company had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.90 billion. Andersons had a return on equity of 6.85% and a net margin of 0.36%. The firm’s revenue was down 13.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.50 earnings per share. On average, sell-side analysts predict that Andersons will post 3.28 EPS for the current year.

Insider Buying and Selling

In related news, CEO Patrick E. Bowe sold 9,878 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $52.15, for a total transaction of $515,137.70. Following the completion of the sale, the chief executive officer now owns 132,291 shares in the company, valued at $6,898,975.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Patrick E. Bowe sold 9,878 shares of Andersons stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $52.15, for a total value of $515,137.70. Following the completion of the transaction, the chief executive officer now owns 132,291 shares in the company, valued at $6,898,975.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ross W. Manire sold 5,000 shares of Andersons stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $51.79, for a total transaction of $258,950.00. Following the completion of the transaction, the director now owns 28,123 shares of the company’s stock, valued at approximately $1,456,490.17. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,292 shares of company stock worth $949,089. Insiders own 5.70% of the company’s stock.

Hedge Funds Weigh In On Andersons

Several large investors have recently modified their holdings of the business. Covestor Ltd boosted its position in shares of Andersons by 126.4% in the second quarter. Covestor Ltd now owns 557 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 311 shares during the period. US Bancorp DE boosted its position in shares of Andersons by 1,222.0% in the first quarter. US Bancorp DE now owns 661 shares of the basic materials company’s stock valued at $27,000 after acquiring an additional 611 shares during the period. C M Bidwell & Associates Ltd. bought a new position in shares of Andersons in the third quarter valued at approximately $33,000. Federated Hermes Inc. lifted its position in Andersons by 762.0% during the first quarter. Federated Hermes Inc. now owns 681 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 602 shares during the last quarter. Finally, Lazard Asset Management LLC bought a new stake in Andersons during the fourth quarter valued at approximately $40,000. Hedge funds and other institutional investors own 85.16% of the company’s stock.

Andersons Company Profile

The Andersons, Inc operates in trade, renewables, and plant nutrient sectors in the United States and internationally. It operates through three segments: Trade, Renewables, and Plant Nutrient. 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, and corn oil.