Andersons (NASDAQ:ANDE) Rating Lowered to Hold at StockNews.com

Andersons (NASDAQ:ANDE) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Wednesday.

Andersons Price Performance

Shares of NASDAQ:ANDE opened at $50.06 on Wednesday. The company’s fifty day moving average price is $49.73 and its 200-day moving average price is $51.87. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.07 and a quick ratio of 1.44. The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of 14.14 and a beta of 0.57. Andersons has a one year low of $44.65 and a one year high of $61.46.

Andersons (NASDAQ:ANDE) last released its earnings results on Tuesday, August 6th. The basic materials company reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.04). Andersons had a net margin of 0.83% and a return on equity of 6.99%. The firm had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same period in the prior year, the company earned $1.52 EPS. The firm’s revenue was down 30.5% compared to the same quarter last year.

Institutional Investors Weigh In On Andersons

Hedge funds have recently made changes to their positions in the business. Gryphon Financial Partners LLC purchased a new position in Andersons in the 4th quarter worth $863,000. US Bancorp DE purchased a new position in shares of Andersons in the fourth quarter worth about $628,000. TD Asset Management Inc lifted its stake in shares of Andersons by 18.4% in the 4th quarter. TD Asset Management Inc now owns 33,500 shares of the basic materials company’s stock valued at $1,928,000 after acquiring an additional 5,200 shares during the last quarter. Quantedge Capital Pte Ltd bought a new stake in shares of Andersons in the 4th quarter valued at about $276,000. Finally, Bridgeway Capital Management LLC boosted its holdings in Andersons by 4.3% during the 4th quarter. Bridgeway Capital Management LLC now owns 296,440 shares of the basic materials company’s stock valued at $17,057,000 after acquiring an additional 12,264 shares during the period. 87.06% of the stock is currently owned by 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.