Andersons (NASDAQ:ANDE) Reaches New 12-Month Low – Time to Sell?

The Andersons, Inc. (NASDAQ:ANDE) hit a new 52-week low during trading on Thursday . The stock traded as low as $35.88 and last traded at $38.87, with a volume of 401254 shares trading hands. The stock had previously closed at $36.50.

Analyst Ratings Changes

A number of research firms have weighed in on ANDE. StockNews.com downgraded Andersons from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Stephens reissued an “overweight” rating and issued a $55.00 target price on shares of Andersons in a research note on Wednesday, February 19th.

Andersons Stock Performance

The company has a market capitalization of $1.29 billion, a P/E ratio of 11.40 and a beta of 0.55. The stock’s fifty day moving average price is $41.80 and its 200-day moving average price is $44.13. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.90 and a current ratio of 1.65.

Andersons (NASDAQ:ANDE) last released its quarterly earnings data on Tuesday, February 18th. The basic materials company reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.34. Andersons had a return on equity of 7.59% and a net margin of 1.01%. The firm had revenue of $3.12 billion for the quarter, compared to analyst estimates of $2.72 billion. As a group, research analysts anticipate that The Andersons, Inc. will post 3.11 EPS for the current fiscal year.

Andersons Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 1st will be issued a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend is Tuesday, April 1st. Andersons’s dividend payout ratio is 23.49%.

Insider Buying and Selling at Andersons

In other Andersons news, VP Weston Heide sold 800 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $48.00, for a total transaction of $38,400.00. Following the completion of the sale, the vice president now directly owns 16,104 shares in the company, valued at $772,992. This trade represents a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 4.30% of the company’s stock.

Hedge Funds Weigh In On Andersons

Large investors have recently made changes to their positions in the company. Peoples Bank KS boosted its stake in Andersons by 250.0% in the 4th quarter. Peoples Bank KS now owns 700 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 500 shares during the period. KBC Group NV lifted its holdings 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 worth $63,000 after buying an additional 643 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Andersons by 16.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,866 shares of the basic materials company’s stock valued at $116,000 after acquiring an additional 412 shares during the period. Point72 Hong Kong Ltd acquired a new position in shares of Andersons in the fourth quarter valued at about $189,000. Finally, EP Wealth Advisors LLC bought a new position in Andersons during the third quarter worth about $253,000. Institutional investors own 87.06% of the company’s stock.

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.