Andersons (NASDAQ:ANDE) was downgraded by equities research analysts at TheStreet from a “b-” rating to a “c” rating in a note issued to investors on Thursday.

Several other brokerages have also weighed in on ANDE. Buckingham Research upped their price objective on Andersons from $35.00 to $40.00 and gave the company a “neutral” rating in a report on Thursday, August 9th. BMO Capital Markets upped their price objective on Andersons from $36.00 to $40.00 and gave the company a “market perform” rating in a report on Thursday, August 9th. BidaskClub lowered Andersons from a “buy” rating to a “hold” rating in a report on Thursday, July 19th. ValuEngine lowered Andersons from a “buy” rating to a “hold” rating in a report on Tuesday, October 16th. Finally, Zacks Investment Research lowered Andersons from a “hold” rating to a “sell” rating in a report on Wednesday, August 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $41.33.

ANDE stock traded down $1.33 during trading on Thursday, reaching $32.98. 132,268 shares of the company’s stock were exchanged, compared to its average volume of 127,761. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.58 and a current ratio of 1.27. Andersons has a 1-year low of $29.60 and a 1-year high of $41.70. The firm has a market capitalization of $931.07 million, a PE ratio of 28.68 and a beta of 1.24.

Andersons (NASDAQ:ANDE) last announced its quarterly earnings results on Monday, November 5th. The basic materials company reported ($0.07) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.18). The business had revenue of $685.60 million for the quarter, compared to analyst estimates of $839.00 million. Andersons had a return on equity of 4.05% and a net margin of 2.66%. The company’s revenue was down 18.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.09 EPS. Equities research analysts predict that Andersons will post 1.88 earnings per share for the current fiscal year.

In other news, Director Stephen F. Dowdle acquired 2,000 shares of the business’s stock in a transaction dated Wednesday, November 7th. The stock was acquired at an average price of $32.95 per share, for a total transaction of $65,900.00. Following the completion of the acquisition, the director now directly owns 1,763 shares in the company, valued at approximately $58,090.85. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 5.50% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Trexquant Investment LP acquired a new stake in shares of Andersons during the third quarter worth $233,000. BlackRock Inc. raised its position in shares of Andersons by 2.9% during the third quarter. BlackRock Inc. now owns 3,802,979 shares of the basic materials company’s stock worth $143,182,000 after purchasing an additional 108,841 shares during the period. Bank of New York Mellon Corp raised its position in shares of Andersons by 2.5% during the third quarter. Bank of New York Mellon Corp now owns 468,732 shares of the basic materials company’s stock worth $17,648,000 after purchasing an additional 11,458 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Andersons during the third quarter worth $237,000. Finally, Commonwealth Bank of Australia acquired a new stake in shares of Andersons during the third quarter worth $267,000. Institutional investors and hedge funds own 80.35% of the company’s stock.

About Andersons

The Andersons, Inc, an agriculture company, operates in the grain, ethanol, plant nutrient, and rail sectors in the United States and internationally. The company's Grain segment operates grain elevators; stores grains; and provides grain marketing, risk management, and corn origination services to its customers and affiliated ethanol facilities.

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