Andersons (NASDAQ:ANDE) Shares Cross Above 200 Day Moving Average – Time to Sell?

The Andersons, Inc. (NASDAQ:ANDE)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $63.62 and traded as high as $73.12. Andersons shares last traded at $72.66, with a volume of 247,790 shares traded.

Analyst Ratings Changes

ANDE has been the subject of a number of analyst reports. BMO Capital Markets raised their price target on Andersons from $65.00 to $75.00 and gave the stock an “outperform” rating in a report on Thursday, February 19th. UBS Group set a $90.00 price target on Andersons in a report on Wednesday, May 20th. Wall Street Zen raised Andersons from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Benchmark boosted their price target on shares of Andersons from $75.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Finally, Weiss Ratings upgraded shares of Andersons from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, May 7th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $85.00.

Andersons Price Performance

The firm’s 50-day moving average is $72.67 and its 200-day moving average is $63.62. The company has a market capitalization of $2.47 billion, a PE ratio of 19.32 and a beta of 0.64. The company has a quick ratio of 0.62, a current ratio of 1.37 and a debt-to-equity ratio of 0.43.

Andersons (NASDAQ:ANDE) last announced its earnings results on Tuesday, May 5th. The basic materials company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.42. Andersons had a net margin of 1.17% and a return on equity of 10.68%. The company had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.71 billion. During the same period in the previous year, the business earned $0.12 earnings per share. The firm’s quarterly revenue was down 1.2% compared to the same quarter last year.

Insider Buying and Selling at Andersons

In other Andersons news, VP Brian K. Walz sold 8,975 shares of the company’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $70.74, for a total transaction of $634,891.50. Following the completion of the sale, the vice president directly owned 11,913 shares in the company, valued at $842,725.62. This represents a 42.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director John T. Stout, Jr. sold 2,500 shares of the company’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $70.30, for a total transaction of $175,750.00. Following the sale, the director owned 23,441 shares of the company’s stock, valued at approximately $1,647,902.30. The trade was a 9.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 95,565 shares of company stock worth $7,191,438 over the last three months. Company insiders own 4.30% of the company’s stock.

Institutional Trading of Andersons

Institutional investors have recently added to or reduced their stakes in the business. Uniplan Investment Counsel Inc. purchased a new stake in Andersons during the fourth quarter valued at about $25,000. Wealth Enhancement Advisory Services LLC purchased a new stake in Andersons during the third quarter valued at about $30,000. Optima Capital LLC purchased a new stake in Andersons during the fourth quarter valued at about $32,000. Larson Financial Group LLC boosted its position in Andersons by 33,600.0% during the third quarter. Larson Financial Group LLC now owns 1,011 shares of the basic materials company’s stock valued at $40,000 after buying an additional 1,008 shares during the period. Finally, Nomura Asset Management Co. Ltd. boosted its position in Andersons by 95.2% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 820 shares of the basic materials company’s stock valued at $44,000 after buying an additional 400 shares during the period. 87.06% of the stock is currently owned by hedge funds and other institutional investors.

About Andersons

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.