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

Andersons (NASDAQ:ANDE - Get Free Report) was downgraded by stock analysts at StockNews.com from a "buy" rating to a "hold" rating in a research note issued to investors on Tuesday.

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

Andersons Stock Performance

NASDAQ:ANDE traded up $0.10 during mid-day trading on Tuesday, hitting $40.35. 226,976 shares of the company traded hands, compared to its average volume of 213,148. The stock's fifty day moving average price is $42.65 and its 200-day moving average price is $46.66. The company has a quick ratio of 1.23, a current ratio of 1.98 and a debt-to-equity ratio of 0.36. Andersons has a one year low of $39.25 and a one year high of $61.46. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of 11.53 and a beta of 0.58.

Insiders Place Their Bets

In related news, insider Joseph E. Mcneely sold 2,382 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the insider now owns 49,601 shares in the company, 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 SEC, which is available through this link. Insiders own 5.10% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. State Street Corp increased its holdings in 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 acquiring an additional 28,773 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Andersons by 1.9% during the third quarter. Geode Capital Management LLC now owns 785,139 shares of the basic materials company's stock worth $39,374,000 after purchasing an additional 14,634 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Andersons by 15.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 751,624 shares of the basic materials company's stock worth $30,456,000 after purchasing an additional 99,045 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Andersons by 7.0% in the 3rd quarter. Victory Capital Management Inc. now owns 488,505 shares of the basic materials company's stock valued at $24,494,000 after buying an additional 31,881 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Andersons by 14.2% in the fourth quarter. Bank of New York Mellon Corp now owns 353,271 shares of the basic materials company's stock valued at $14,315,000 after acquiring an additional 44,022 shares in the last quarter. 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.