Andersons (NASDAQ:ANDE – Get Free Report) was upgraded by analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Saturday.
A number of other research firms also recently commented on ANDE. Deutsche Bank Aktiengesellschaft set a $110.00 target price on Andersons in a report on Tuesday, August 4th. Weiss Ratings reissued a “hold (c+)” rating on shares of Andersons in a research report on Tuesday, August 4th. UBS Group set a $90.00 price target on shares of Andersons in a research report on Wednesday, May 20th. BMO Capital Markets lifted their price objective on shares of Andersons from $75.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Finally, The Goldman Sachs Group downgraded shares of Andersons to a “buy” rating in a report on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $95.00.
Read Our Latest Research Report on Andersons
Andersons Stock Performance
Andersons (NASDAQ:ANDE – Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The basic materials company reported $2.15 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.67. The business had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.28 billion. Andersons had a return on equity of 16.23% and a net margin of 1.62%.The company’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.24 EPS.
Insider Buying and Selling
In other news, Director Patrick E. Bowe sold 3,534 shares of the firm’s stock in a transaction that occurred on Wednesday, July 22nd. The shares were sold at an average price of $80.53, for a total transaction of $284,593.02. Following the sale, the director owned 74,875 shares of the company’s stock, valued at $6,029,683.75. This trade represents a 4.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 4.30% of the company’s stock.
Institutional Trading of Andersons
A number of hedge funds have recently added to or reduced their stakes in ANDE. Uniplan Investment Counsel Inc. purchased a new stake in shares of Andersons during the 4th quarter worth about $25,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Andersons during the second quarter worth approximately $38,000. Optima Capital LLC purchased a new position in shares of Andersons during the 4th quarter valued at approximately $32,000. Nomura Asset Management Co. Ltd. grew its stake in Andersons by 95.2% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 820 shares of the basic materials company’s stock valued at $44,000 after acquiring an additional 400 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its position in Andersons by 34.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 962 shares of the basic materials company’s stock worth $51,000 after acquiring an additional 246 shares during the period. 87.06% of the stock is owned by hedge funds and other institutional investors.
Andersons Company Profile
The Andersons, Inc operates as a diversified agriculture company offering a broad range of products and services to farmers, retailers and industrial customers. Through its Grain Group, the company purchases, stores, merchandises and transports corn, soybeans and other commodities, while its Renewables Group produces ethanol and distillers grains at multiple plants in the U.S. The Rail Group provides locomotive leasing, railcar repair and related maintenance services, and the Horticulture Group supplies turf, specialty and horticultural products to landscaping professionals and consumer lawn and garden retailers.
Founded in 1947 and headquartered in Maumee, Ohio, The Andersons has grown from a regional grain elevator operator into an integrated agribusiness platform.
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