Andersons (NASDAQ:ANDE) Upgraded by StockNews.com to Buy Rating

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

Separately, Stephens restated an “overweight” rating and issued a $60.00 price target on shares of Andersons in a research report on Thursday, January 2nd.

Andersons Stock Up 1.1 %

Shares of NASDAQ ANDE opened at $41.18 on Wednesday. The company has a market capitalization of $1.40 billion, a P/E ratio of 11.77 and a beta of 0.58. Andersons has a 52-week low of $39.25 and a 52-week high of $61.46. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.23 and a current ratio of 1.98. The company’s 50 day moving average price is $42.36 and its 200-day moving average price is $46.39.

Insider Buying and Selling at Andersons

In other Andersons news, insider Joseph E. Mcneely sold 2,382 shares of Andersons stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $47.73, for a total transaction of $113,692.86. Following the transaction, the insider now directly owns 49,601 shares of the company’s stock, valued at $2,367,455.73. The trade was a 4.58 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 5.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Andersons

Hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp boosted its holdings in shares of Andersons by 2.2% in the 3rd quarter. State Street Corp now owns 1,337,344 shares of the basic materials company’s stock worth $67,054,000 after buying an additional 28,773 shares during the last quarter. Nordea Investment Management AB lifted its holdings in Andersons by 86.5% during the fourth quarter. Nordea Investment Management AB now owns 101,099 shares of the basic materials company’s stock valued at $4,110,000 after purchasing an additional 46,903 shares during the last quarter. Peoples Bank KS lifted its holdings in Andersons by 250.0% during the fourth quarter. Peoples Bank KS now owns 700 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 500 shares during the last quarter. Intech Investment Management LLC lifted its holdings in Andersons by 375.0% during the third quarter. Intech Investment Management LLC now owns 42,225 shares of the basic materials company’s stock valued at $2,117,000 after purchasing an additional 33,336 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Andersons by 23.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 652,579 shares of the basic materials company’s stock valued at $32,720,000 after purchasing an additional 124,468 shares during the last quarter. 87.06% of the stock is owned by hedge funds and other institutional investors.

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.