Stephens Reiterates Overweight Rating for Andersons (NASDAQ:ANDE)

Andersons (NASDAQ:ANDE)‘s stock had its “overweight” rating reissued by investment analysts at Stephens in a research report issued on Wednesday,Benzinga reports. They presently have a $55.00 price target on the basic materials company’s stock. Stephens’ price objective would suggest a potential upside of 7.70% from the stock’s previous close.

Separately, StockNews.com upgraded Andersons from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th.

Andersons Stock Up 25.3 %

Shares of ANDE stock opened at $51.07 on Wednesday. The stock has a 50 day moving average of $41.80 and a 200 day moving average of $45.93. The company has a current ratio of 1.98, a quick ratio of 1.23 and a debt-to-equity ratio of 0.36. The stock has a market cap of $1.74 billion, a P/E ratio of 14.58 and a beta of 0.58. Andersons has a twelve month low of $39.25 and a twelve month high of $61.46.

Andersons (NASDAQ:ANDE) last announced its quarterly earnings results on Tuesday, February 18th. The basic materials company reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.34. The company had revenue of $3.12 billion during the quarter, compared to analysts’ expectations of $2.72 billion. Andersons had a return on equity of 8.21% and a net margin of 1.06%. As a group, sell-side analysts expect that Andersons will post 2.84 EPS for the current year.

Insiders Place Their Bets

In other Andersons news, insider Joseph E. Mcneely sold 2,382 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $47.73, for a total transaction 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. The trade was a 4.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 5.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Andersons

Hedge funds and other institutional investors have recently modified their holdings of the business. Peoples Bank KS boosted its stake in shares of Andersons by 250.0% in the 4th 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 position in Andersons by 70.3% during the fourth quarter. KBC Group NV now owns 1,558 shares of the basic materials company’s stock worth $63,000 after buying an additional 643 shares during the period. Truvestments Capital LLC acquired a new position in Andersons during the third quarter worth approximately $98,000. EverSource Wealth Advisors LLC increased its position in Andersons by 16.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,866 shares of the basic materials company’s stock worth $116,000 after buying an additional 412 shares during the period. Finally, Point72 Hong Kong Ltd acquired a new position in Andersons during the fourth quarter worth approximately $189,000. 87.06% of the stock is owned by institutional investors and hedge funds.

About Andersons

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.