Andersons (NASDAQ:ANDE) Hits New 12-Month High – What’s Next?

The Andersons, Inc. (NASDAQ:ANDE)’s share price reached a new 52-week high on Wednesday . The company traded as high as $53.32 and last traded at $52.29, with a volume of 45684 shares trading hands. The stock had previously closed at $49.36.

Analyst Ratings Changes

ANDE has been the subject of several research analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Andersons in a research report on Wednesday, October 8th. BMO Capital Markets upgraded shares of Andersons from a “market perform” rating to an “outperform” rating and increased their price target for the company from $50.00 to $65.00 in a report on Wednesday. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Andersons currently has a consensus rating of “Moderate Buy” and an average target price of $58.33.

Andersons Stock Up 4.6%

The company has a debt-to-equity ratio of 0.47, a current ratio of 1.47 and a quick ratio of 0.80. The firm’s 50-day moving average price is $47.45 and its 200 day moving average price is $41.19. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of 24.11 and a beta of 0.79.

Andersons (NASDAQ:ANDE) last posted its earnings results on Tuesday, November 4th. The basic materials company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.38. The firm had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.85 billion. Andersons had a return on equity of 5.83% and a net margin of 0.63%.Andersons’s revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.80 EPS. Sell-side analysts expect that The Andersons, Inc. will post 3.11 EPS for the current year.

Insider Activity at Andersons

In related news, VP Anne G. Rex sold 3,000 shares of the stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $51.36, for a total transaction of $154,080.00. Following the sale, the vice president owned 23,549 shares of the company’s stock, valued at $1,209,476.64. This trade represents a 11.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ANDE. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Andersons during the third quarter worth about $30,000. Larson Financial Group LLC grew its position in shares of Andersons by 33,600.0% in the third quarter. Larson Financial Group LLC now owns 1,011 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 1,008 shares during the period. Tower Research Capital LLC TRC increased its stake in Andersons by 227.9% in the second quarter. Tower Research Capital LLC TRC now owns 2,954 shares of the basic materials company’s stock valued at $109,000 after purchasing an additional 2,053 shares during the last quarter. Trust Co. of Toledo NA OH purchased a new position in shares of Andersons during the 2nd quarter worth about $114,000. Finally, Canada Pension Plan Investment Board boosted its holdings in shares of Andersons by 57.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 4,400 shares of the basic materials company’s stock valued at $162,000 after purchasing an additional 1,600 shares during the last quarter. 87.06% of the stock is currently owned by hedge funds and other institutional investors.

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.