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

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 Tuesday.

Andersons Trading Down 5.3 %

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

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

Institutional Trading of Andersons

A number of large investors have recently made changes to their positions in ANDE. Renaissance Technologies LLC boosted its stake in Andersons by 13.1% in the 2nd quarter. Renaissance Technologies LLC now owns 159,576 shares of the basic materials company’s stock worth $7,915,000 after purchasing an additional 18,500 shares during the period. Deerfield Management Company L.P. Series C acquired a new position in Andersons in the 2nd quarter worth $1,040,000. Panagora Asset Management Inc. boosted its stake in Andersons by 5.2% in the 2nd quarter. Panagora Asset Management Inc. now owns 207,913 shares of the basic materials company’s stock worth $10,312,000 after purchasing an additional 10,222 shares during the period. Jupiter Asset Management Ltd. acquired a new position in Andersons in the 1st quarter worth $443,000. Finally, UniSuper Management Pty Ltd acquired a new position in shares of Andersons during the 1st quarter worth about $434,000. Institutional investors own 87.06% of the company’s stock.

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.