Andersons (NASDAQ:ANDE) Downgraded to Hold Rating by StockNews.com

StockNews.com lowered shares of Andersons (NASDAQ:ANDE) from a buy rating to a hold rating in a research note published on Thursday morning.

Separately, Stephens reiterated an “overweight” rating and issued a $55.00 price objective on shares of Andersons in a research report on Wednesday.

Andersons Price Performance

Shares of Andersons stock opened at $46.17 on Thursday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.98 and a quick ratio of 1.23. Andersons has a one year low of $39.25 and a one year high of $61.46. The business’s 50 day simple moving average is $41.85 and its two-hundred day simple moving average is $45.95. The stock has a market capitalization of $1.57 billion, a P/E ratio of 13.91 and a beta of 0.58.

Andersons (NASDAQ:ANDE) last posted its earnings results on Tuesday, February 18th. The basic materials company reported $1.36 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.34. Andersons had a net margin of 1.01% and a return on equity of 7.71%. The company had revenue of $3.12 billion during the quarter, compared to analyst estimates of $2.72 billion. Analysts forecast that Andersons will post 3.11 EPS for the current year.

Andersons Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 1st will be given a $0.195 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $0.78 annualized dividend and a dividend yield of 1.69%. Andersons’s dividend payout ratio is 23.49%.

Insider Activity

In related news, VP Weston Heide sold 800 shares of the company’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $48.00, for a total value of $38,400.00. Following the sale, the vice president now directly owns 16,104 shares of the company’s stock, valued at $772,992. This represents a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Joseph E. Mcneely sold 2,382 shares of the firm’s stock in a transaction on 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 represents a 4.58 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Peoples Bank KS lifted 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 valued at $28,000 after acquiring an additional 500 shares during the period. KBC Group NV increased its stake in shares of Andersons by 70.3% during the fourth quarter. KBC Group NV now owns 1,558 shares of the basic materials company’s stock valued at $63,000 after purchasing an additional 643 shares in the last quarter. Truvestments Capital LLC purchased a new position in shares of Andersons during the third quarter valued at approximately $98,000. EverSource Wealth Advisors LLC boosted its position in shares of Andersons by 16.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,866 shares of the basic materials company’s stock worth $116,000 after purchasing an additional 412 shares in the last quarter. Finally, Systematic Financial Management LP purchased a new stake in shares of Andersons in the 3rd quarter worth approximately $227,000. 87.06% of the stock is currently owned by institutional investors.

Andersons Company Profile

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.