Andersons (NASDAQ:ANDE) Upgraded at StockNews.com

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

Andersons Stock Performance

Shares of ANDE traded down $0.52 on Wednesday, reaching $48.62. 105,261 shares of the company’s stock traded hands, compared to its average volume of 173,820. The company has a current ratio of 2.07, a quick ratio of 1.44 and a debt-to-equity ratio of 0.36. The stock has a market cap of $1.66 billion, a PE ratio of 13.73 and a beta of 0.61. The stock’s 50 day simple moving average is $49.88 and its two-hundred day simple moving average is $52.48. Andersons has a 52-week low of $45.07 and a 52-week high of $61.46.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ANDE. Susquehanna Fundamental Investments LLC bought a new stake in shares of Andersons in the second quarter valued at approximately $950,000. The Manufacturers Life Insurance Company raised its position in shares of Andersons by 5.3% in the second quarter. The Manufacturers Life Insurance Company now owns 88,004 shares of the basic materials company’s stock valued at $4,365,000 after purchasing an additional 4,413 shares during the period. Dark Forest Capital Management LP raised its position in shares of Andersons by 18.1% in the second quarter. Dark Forest Capital Management LP now owns 5,418 shares of the basic materials company’s stock valued at $269,000 after purchasing an additional 830 shares during the period. Deerfield Management Company L.P. Series C bought a new stake in shares of Andersons in the second quarter valued at approximately $1,040,000. Finally, AQR Capital Management LLC raised its position in shares of Andersons by 20.0% in the second quarter. AQR Capital Management LLC now owns 39,794 shares of the basic materials company’s stock valued at $1,974,000 after purchasing an additional 6,644 shares during the period. Hedge funds and other 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.