Andersons (NASDAQ:ANDE) Rating Increased to Buy at StockNews.com

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

Andersons Trading Up 0.4 %

NASDAQ ANDE opened at $47.04 on Wednesday. The company has a market capitalization of $1.60 billion, a PE ratio of 13.44 and a beta of 0.60. The company has a fifty day moving average of $48.04 and a 200 day moving average of $49.76. Andersons has a 1 year low of $41.76 and a 1 year high of $61.46. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.98 and a quick ratio of 1.23.

Andersons (NASDAQ:ANDE) last posted its earnings results on Monday, November 4th. The basic materials company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.37. The company had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.90 billion. Andersons had a net margin of 1.06% and a return on equity of 8.21%. The firm’s quarterly revenue was down 27.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.13 earnings per share.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Pacer Advisors Inc. raised its position in shares of Andersons by 8.8% in the second quarter. Pacer Advisors Inc. now owns 3,737,703 shares of the basic materials company’s stock worth $185,390,000 after acquiring an additional 303,711 shares during the period. American Century Companies Inc. raised its position in shares of Andersons by 16.8% in the second quarter. American Century Companies Inc. now owns 933,968 shares of the basic materials company’s stock worth $46,325,000 after acquiring an additional 134,126 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Andersons by 23.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 652,579 shares of the basic materials company’s stock worth $32,720,000 after acquiring an additional 124,468 shares during the period. Victory Capital Management Inc. raised its position in shares of Andersons by 7.0% in the third quarter. Victory Capital Management Inc. now owns 488,505 shares of the basic materials company’s stock worth $24,494,000 after acquiring an additional 31,881 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of Andersons by 1.8% in the second quarter. Bank of New York Mellon Corp now owns 336,714 shares of the basic materials company’s stock worth $16,701,000 after acquiring an additional 5,983 shares during the period. Institutional investors and hedge funds own 87.06% of the company’s stock.

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.