Andersons (NASDAQ:ANDE) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Andersons (NASDAQ:ANDE) from a hold rating to a buy rating in a report released on Thursday.

Andersons Trading Up 0.2 %

NASDAQ ANDE opened at $46.58 on Thursday. The stock’s fifty day moving average price is $48.87 and its 200-day moving average price is $50.73. The company has a current ratio of 2.07, a quick ratio of 1.44 and a debt-to-equity ratio of 0.36. The stock has a market cap of $1.59 billion, a P/E ratio of 13.16 and a beta of 0.57. Andersons has a 12 month low of $44.65 and a 12 month high of $61.46.

Andersons (NASDAQ:ANDE) last released its quarterly earnings data on Tuesday, August 6th. The basic materials company reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.04). The firm had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $3.20 billion. Andersons had a net margin of 0.83% and a return on equity of 6.99%. The firm’s revenue for the quarter was down 30.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.52 earnings per share.

Andersons Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 1st were given a $0.19 dividend. The ex-dividend date was Tuesday, October 1st. This represents a $0.76 annualized dividend and a yield of 1.63%. Andersons’s dividend payout ratio (DPR) is presently 21.47%.

Institutional Trading of Andersons

Institutional investors and hedge funds have recently modified their holdings of the business. Pacer Advisors Inc. boosted its position in shares of Andersons by 8.8% during the second quarter. Pacer Advisors Inc. now owns 3,737,703 shares of the basic materials company’s stock valued at $185,390,000 after buying an additional 303,711 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Andersons by 16.8% during the 2nd quarter. American Century Companies Inc. now owns 933,968 shares of the basic materials company’s stock valued at $46,325,000 after acquiring an additional 134,126 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Andersons by 8.7% in the second quarter. Victory Capital Management Inc. now owns 456,624 shares of the basic materials company’s stock worth $22,649,000 after acquiring an additional 36,594 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Andersons by 11.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 349,172 shares of the basic materials company’s stock valued at $20,091,000 after purchasing an additional 36,146 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Andersons by 1.8% during the second quarter. Bank of New York Mellon Corp now owns 336,714 shares of the basic materials company’s stock valued at $16,701,000 after purchasing an additional 5,983 shares during the last quarter. Institutional investors own 87.06% of the company’s stock.

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.