Andersons (NASDAQ:ANDE) Lowered to Hold at StockNews.com

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

Andersons Trading Down 2.8 %

NASDAQ:ANDE traded down $1.40 during mid-day trading on Wednesday, hitting $48.81. 145,769 shares of the stock traded hands, compared to its average volume of 174,477. The company has a quick ratio of 1.44, a current ratio of 2.07 and a debt-to-equity ratio of 0.36. Andersons has a 52 week low of $44.65 and a 52 week high of $61.46. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of 13.79 and a beta of 0.57. The firm’s 50 day moving average is $49.77 and its two-hundred day moving average is $51.88.

Andersons (NASDAQ:ANDE) last issued 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). Andersons had a return on equity of 6.99% and a net margin of 0.83%. The business had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $3.20 billion. During the same quarter in the previous year, the company posted $1.52 earnings per share. The company’s quarterly revenue was down 30.5% compared to the same quarter last year.

Institutional Investors Weigh In On Andersons

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ANDE. Gryphon Financial Partners LLC bought a new position in Andersons during the 4th quarter worth about $863,000. US Bancorp DE purchased a new stake in shares of Andersons during the 4th quarter worth $628,000. TD Asset Management Inc boosted its position in Andersons by 18.4% during the fourth quarter. TD Asset Management Inc now owns 33,500 shares of the basic materials company’s stock valued at $1,928,000 after purchasing an additional 5,200 shares in the last quarter. Quantedge Capital Pte Ltd purchased a new position in Andersons in the fourth quarter valued at about $276,000. Finally, Bridgeway Capital Management LLC raised its holdings in Andersons by 4.3% in the fourth quarter. Bridgeway Capital Management LLC now owns 296,440 shares of the basic materials company’s stock worth $17,057,000 after purchasing an additional 12,264 shares in the last quarter. Institutional investors 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.