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

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

Andersons Stock Up 1.9 %

ANDE traded up $0.90 on Thursday, reaching $48.15. The company’s stock had a trading volume of 162,323 shares, compared to its average volume of 179,588. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of 13.60 and a beta of 0.61. Andersons has a fifty-two week low of $45.07 and a fifty-two week high of $61.46. The company has a quick ratio of 1.13, a current ratio of 2.04 and a debt-to-equity ratio of 0.38. The stock has a 50 day moving average of $50.04 and a two-hundred day moving average of $52.92.

Andersons (NASDAQ:ANDE) last issued its quarterly earnings data on Tuesday, August 6th. The basic materials company reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.09 by ($0.04). The company had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $3.20 billion. Andersons had a return on equity of 7.93% and a net margin of 0.89%. The firm’s quarterly revenue was down 30.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.52 EPS.

Institutional Trading of Andersons

Several institutional investors and hedge funds have recently made changes to their positions in the company. nVerses Capital LLC purchased a new position in Andersons during the 2nd quarter worth approximately $25,000. GAMMA Investing LLC boosted its holdings in shares of Andersons by 65.8% in the first quarter. GAMMA Investing LLC now owns 524 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 208 shares during the period. Creekmur Asset Management LLC purchased a new position in shares of Andersons during the fourth quarter worth approximately $41,000. Larson Financial Group LLC acquired a new position in shares of Andersons in the 1st quarter valued at $57,000. Finally, EverSource Wealth Advisors LLC raised its position in Andersons by 323.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,084 shares of the basic materials company’s stock valued at $60,000 after purchasing an additional 828 shares during the last quarter. 87.06% of the stock is owned by hedge funds and other institutional investors.

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.