Andersons (NASDAQ:ANDE) Upgraded to “Strong-Buy” at Stephens

Stephens upgraded shares of Andersons (NASDAQ:ANDE) to a strong-buy rating in a research note published on Monday,Zacks.com reports.

Separately, StockNews.com raised shares of Andersons from a “hold” rating to a “buy” rating in a report on Wednesday, November 13th.

Andersons Price Performance

Shares of NASDAQ ANDE opened at $46.95 on Monday. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of 13.41 and a beta of 0.57. Andersons has a 52 week low of $41.76 and a 52 week high of $61.46. The company’s 50-day moving average price is $47.98 and its 200 day moving average price is $49.15. The company has a current ratio of 1.98, a quick ratio of 1.23 and a debt-to-equity ratio of 0.36.

Andersons (NASDAQ:ANDE) last posted its quarterly earnings results on Monday, November 4th. The basic materials company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.43 by $0.37. The firm had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.90 billion. Andersons had a net margin of 1.06% and a return on equity of 8.21%. Andersons’s revenue for the quarter was down 27.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.13 earnings per share.

Insider Transactions at Andersons

In other news, insider Joseph E. Mcneely sold 2,382 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The shares were 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 trade represents a 4.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 5.10% of the company’s stock.

Hedge Funds Weigh In On Andersons

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Intech Investment Management LLC boosted its holdings in Andersons by 375.0% in the third quarter. Intech Investment Management LLC now owns 42,225 shares of the basic materials company’s stock valued at $2,117,000 after acquiring an additional 33,336 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Andersons by 23.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 652,579 shares of the basic materials company’s stock worth $32,720,000 after purchasing an additional 124,468 shares during the period. Renaissance Technologies LLC raised its position in Andersons by 13.1% in the 2nd quarter. Renaissance Technologies LLC now owns 159,576 shares of the basic materials company’s stock valued at $7,915,000 after buying an additional 18,500 shares during the last quarter. Victory Capital Management Inc. raised its position in Andersons by 7.0% in the 3rd quarter. Victory Capital Management Inc. now owns 488,505 shares of the basic materials company’s stock valued at $24,494,000 after buying an additional 31,881 shares during the last quarter. Finally, Deerfield Management Company L.P. Series C purchased a new stake in Andersons in the 2nd quarter valued at $1,040,000. 87.06% of the stock is owned by institutional investors.

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.