The Andersons (ANDE) Downgraded to “Hold” at ValuEngine

The Andersons (NASDAQ:ANDE) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a report released on Monday.

Separately, TheStreet raised The Andersons from a “c+” rating to a “b” rating in a research note on Wednesday, March 21st. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. The stock has a consensus rating of “Hold” and an average target price of $34.50.

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The Andersons stock traded down $0.90 during mid-day trading on Monday, hitting $32.20. 104,577 shares of the company’s stock traded hands, compared to its average volume of 139,546. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.35 and a quick ratio of 0.47. The company has a market capitalization of $942.59, a P/E ratio of 28.00 and a beta of 1.17. The Andersons has a one year low of $29.60 and a one year high of $39.35.

The Andersons (NASDAQ:ANDE) last announced its earnings results on Wednesday, February 14th. The basic materials company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.20. The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $1.21 billion. The Andersons had a return on equity of 4.83% and a net margin of 1.12%. The firm’s revenue for the quarter was down 9.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.36 EPS. research analysts expect that The Andersons will post 1.94 earnings per share for the current fiscal year.

In other news, Director Rasesh H. Shah sold 9,000 shares of the business’s stock in a transaction on Monday, March 19th. The stock was sold at an average price of $34.50, for a total value of $310,500.00. Following the sale, the director now owns 24,728 shares of the company’s stock, valued at approximately $853,116. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Rasesh H. Shah sold 20,000 shares of the business’s stock in a transaction on Friday, March 9th. The stock was sold at an average price of $36.25, for a total value of $725,000.00. Following the completion of the sale, the director now directly owns 41,862 shares in the company, valued at approximately $1,517,497.50. The disclosure for this sale can be found here. Insiders sold a total of 32,000 shares of company stock worth $1,143,430 in the last three months. Company insiders own 5.50% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of ANDE. BNP Paribas Arbitrage SA raised its stake in shares of The Andersons by 43.5% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 14,909 shares of the basic materials company’s stock worth $511,000 after buying an additional 4,520 shares in the last quarter. Sei Investments Co. raised its stake in shares of The Andersons by 193.4% in the 3rd quarter. Sei Investments Co. now owns 14,751 shares of the basic materials company’s stock worth $1,269,000 after buying an additional 9,724 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of The Andersons by 82.7% in the 3rd quarter. SG Americas Securities LLC now owns 5,498 shares of the basic materials company’s stock worth $188,000 after buying an additional 2,489 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its stake in shares of The Andersons by 37.6% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 10,250 shares of the basic materials company’s stock worth $351,000 after buying an additional 2,800 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of The Andersons by 12.1% in the 3rd quarter. Wells Fargo & Company MN now owns 31,756 shares of the basic materials company’s stock worth $1,088,000 after buying an additional 3,417 shares in the last quarter. 77.71% of the stock is currently owned by institutional investors.

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The Andersons Company Profile

The Andersons, Inc, an agriculture company, operates in the grain, ethanol, plant nutrient, and rail sectors in the United States and internationally. The company's Grain segment operates grain elevators; stores grains; and provides grain marketing, risk management, and corn origination services to its customers and affiliated ethanol facilities.

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