Andersons' (ANDE) "Overweight" Rating Reiterated at Stephens

Andersons (NASDAQ:ANDE - Get Free Report)'s stock had its "overweight" rating restated by Stephens in a report released on Wednesday,Benzinga reports. They currently have a $55.00 price objective on the basic materials company's stock. Stephens' price objective would suggest a potential upside of 20.80% from the company's previous close.

Separately, StockNews.com raised shares of Andersons from a "hold" rating to a "buy" rating in a report on Wednesday, February 12th.

Andersons Stock Performance

ANDE traded down $0.64 during mid-day trading on Wednesday, reaching $45.53. 382,440 shares of the company traded hands, compared to its average volume of 275,196. The stock has a market capitalization of $1.55 billion, a P/E ratio of 13.71 and a beta of 0.58. The company has a quick ratio of 1.23, a current ratio of 1.65 and a debt-to-equity ratio of 0.38. The company's fifty day moving average price is $41.85 and its 200-day moving average price is $45.95. Andersons has a 52-week low of $39.25 and a 52-week high of $61.46.

Andersons (NASDAQ:ANDE - Get Free Report) last announced its earnings results on Tuesday, February 18th. The basic materials company reported $1.36 earnings per share for the quarter, beating analysts' consensus estimates of $1.02 by $0.34. The business had revenue of $3.12 billion during the quarter, compared to analyst estimates of $2.72 billion. Andersons had a net margin of 1.01% and a return on equity of 7.59%. On average, sell-side analysts expect that Andersons will post 3.11 EPS for the current year.

Insider Activity

In related news, VP Weston Heide sold 800 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $48.00, for a total value of $38,400.00. Following the sale, the vice president now directly owns 16,104 shares of the company's stock, valued at $772,992. This represents a 4.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Joseph E. Mcneely sold 2,382 shares of the company's stock in a transaction dated Wednesday, November 27th. The stock was 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. This represents a 4.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.10% of the company's stock.

Hedge Funds Weigh In On Andersons

Hedge funds have recently added to or reduced their stakes in the stock. Peoples Bank KS boosted its stake in shares of 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 in the last quarter. KBC Group NV boosted its stake in shares of Andersons by 70.3% during the fourth quarter. KBC Group NV now owns 1,558 shares of the basic materials company's stock valued at $63,000 after purchasing an additional 643 shares in the last quarter. Truvestments Capital LLC bought a new position in shares of Andersons during the third quarter valued at approximately $98,000. EverSource Wealth Advisors LLC boosted its stake in shares of Andersons by 16.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,866 shares of the basic materials company's stock valued at $116,000 after purchasing an additional 412 shares in the last quarter. Finally, Systematic Financial Management LP bought a new position in shares of Andersons during the third quarter valued at approximately $227,000. 87.06% of the stock is currently owned by institutional investors.

Andersons Company Profile

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.