Separately, Stephens reissued an "overweight" rating and set a $60.00 price objective on shares of Andersons in a research report on Thursday, January 2nd.
Check Out Our Latest Stock Analysis on Andersons
Shares of NASDAQ:ANDE opened at $41.18 on Wednesday. Andersons has a 52 week low of $39.25 and a 52 week high of $61.46. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.23 and a current ratio of 1.98. The company has a market capitalization of $1.40 billion, a PE ratio of 11.77 and a beta of 0.58. The company has a 50 day moving average price of $42.36 and a two-hundred day moving average price of $46.39.
In other Andersons news, insider Joseph E. Mcneely sold 2,382 shares of the firm's stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $47.73, for a total value of $113,692.86. Following the transaction, the insider now directly owns 49,601 shares of the company's stock, valued at $2,367,455.73. This trade represents a 4.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.10% of the stock is owned by insiders.
A number of hedge funds have recently made changes to their positions in the stock. State Street Corp boosted its position in Andersons by 2.2% during the 3rd quarter. State Street Corp now owns 1,337,344 shares of the basic materials company's stock worth $67,054,000 after buying an additional 28,773 shares during the period. Nordea Investment Management AB boosted its position in Andersons by 86.5% during the 4th quarter. Nordea Investment Management AB now owns 101,099 shares of the basic materials company's stock worth $4,110,000 after buying an additional 46,903 shares during the period. Peoples Bank KS boosted its position in Andersons by 250.0% during the 4th quarter. Peoples Bank KS now owns 700 shares of the basic materials company's stock worth $28,000 after buying an additional 500 shares during the period. Intech Investment Management LLC boosted its position in Andersons by 375.0% during the 3rd quarter. Intech Investment Management LLC now owns 42,225 shares of the basic materials company's stock worth $2,117,000 after buying an additional 33,336 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in Andersons by 23.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 652,579 shares of the basic materials company's stock worth $32,720,000 after buying an additional 124,468 shares during the period. 87.06% of the stock is currently owned by institutional investors and hedge funds.
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.
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