StockNews.com Downgrades Andersons (NASDAQ:ANDE) to Hold

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

Andersons Price Performance

NASDAQ ANDE traded down $2.41 during trading on Tuesday, reaching $43.41. 422,184 shares of the company traded hands, compared to its average volume of 168,541. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.44 and a current ratio of 2.07. The stock’s 50 day moving average price is $48.45 and its two-hundred day moving average price is $50.25. The company has a market cap of $1.48 billion, a price-to-earnings ratio of 14.57 and a beta of 0.60. Andersons has a 1-year low of $41.76 and a 1-year high of $61.46.

Andersons (NASDAQ:ANDE) last released its quarterly earnings data on Monday, November 4th. The basic materials company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.37. The company had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.90 billion. Andersons had a return on equity of 6.99% and a net margin of 0.83%. The company’s quarterly revenue was down 27.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.13 earnings per share.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Russell Investments Group Ltd. raised its position in Andersons by 2.2% in the 1st quarter. Russell Investments Group Ltd. now owns 10,834 shares of the basic materials company’s stock worth $622,000 after purchasing an additional 235 shares during the last quarter. SummerHaven Investment Management LLC raised its position in Andersons by 1.8% in the 2nd quarter. SummerHaven Investment Management LLC now owns 16,116 shares of the basic materials company’s stock worth $799,000 after purchasing an additional 289 shares during the last quarter. Creative Planning raised its position in Andersons by 6.2% in the 3rd quarter. Creative Planning now owns 5,261 shares of the basic materials company’s stock worth $264,000 after purchasing an additional 309 shares during the last quarter. Louisiana State Employees Retirement System raised its position in Andersons by 2.6% in the 2nd quarter. Louisiana State Employees Retirement System now owns 16,000 shares of the basic materials company’s stock worth $794,000 after purchasing an additional 400 shares during the last quarter. Finally, Inspire Advisors LLC raised its position in Andersons by 11.8% in the 3rd quarter. Inspire Advisors LLC now owns 4,547 shares of the basic materials company’s stock worth $228,000 after purchasing an additional 480 shares during the last quarter. 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.