Andersons (NASDAQ:ANDE) Upgraded at StockNews.com

Andersons (NASDAQ:ANDE) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Thursday.

Andersons Price Performance

ANDE stock traded up $0.19 during midday trading on Thursday, reaching $46.51. 153,587 shares of the stock were exchanged, compared to its average volume of 169,031. Andersons has a 52 week low of $44.65 and a 52 week high of $61.46. The company has a fifty day moving average price of $48.99 and a 200 day moving average price of $50.93. 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 stock has a market capitalization of $1.58 billion, a PE ratio of 13.14 and a beta of 0.57.

Andersons (NASDAQ:ANDE) last released its quarterly earnings results on Tuesday, August 6th. The basic materials company reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.09 by ($0.04). The firm had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $3.20 billion. Andersons had a return on equity of 6.99% and a net margin of 0.83%. The business’s revenue for the quarter was down 30.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.52 earnings per share.

Institutional Investors Weigh In On Andersons

Several large investors have recently modified their holdings of ANDE. nVerses Capital LLC bought a new stake in Andersons during the second quarter valued at $25,000. GAMMA Investing LLC boosted its position in shares of Andersons by 65.8% during the 1st quarter. GAMMA Investing LLC now owns 524 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 208 shares in the last quarter. Larson Financial Group LLC acquired a new stake in Andersons during the first quarter worth approximately $57,000. Innealta Capital LLC bought a new stake in Andersons in the second quarter worth approximately $57,000. Finally, EverSource Wealth Advisors LLC lifted its stake in Andersons by 323.4% in the first quarter. EverSource Wealth Advisors LLC now owns 1,084 shares of the basic materials company’s stock valued at $60,000 after buying an additional 828 shares during the period. 87.06% of the stock is currently owned by institutional investors and hedge funds.

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.