Andersons (NASDAQ:ANDE) Sets New 1-Year Low – Here’s What Happened

The Andersons, Inc. (NASDAQ:ANDE) shares hit a new 52-week low during trading on Friday . The stock traded as low as $37.62 and last traded at $38.61, with a volume of 409266 shares changing hands. The stock had previously closed at $41.34.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on ANDE shares. 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 set a $55.00 target price on shares of Andersons in a research note on Wednesday, February 19th.

Andersons Stock Down 6.6 %

The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 11.63 and a beta of 0.55. The business has a fifty day simple moving average of $42.33 and a 200 day simple moving average of $44.68. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.65 and a quick ratio of 0.90.

Andersons (NASDAQ:ANDE) last announced its quarterly earnings data on Tuesday, February 18th. The basic materials company reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.34. Andersons had a return on equity of 7.59% and a net margin of 1.01%. The company had revenue of $3.12 billion for the quarter, compared to analyst estimates of $2.72 billion. As a group, equities analysts forecast 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. Investors of record on Tuesday, April 1st will be given a dividend of $0.195 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $0.78 dividend on an annualized basis and a yield of 2.02%. Andersons’s payout ratio is presently 23.49%.

Insider Buying and Selling at Andersons

In other news, VP Weston Heide sold 800 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the vice president now directly owns 16,104 shares in the company, valued at $772,992. This represents a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Andersons

A number of institutional investors have recently added to or reduced their stakes in ANDE. BNP Paribas Financial Markets increased its stake in shares of Andersons by 46.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 15,867 shares of the basic materials company’s stock worth $796,000 after acquiring an additional 5,041 shares during the last quarter. Systematic Financial Management LP acquired a new stake in Andersons during the third quarter worth about $227,000. State Street Corp raised its stake in Andersons by 2.2% during the third quarter. State Street Corp now owns 1,337,344 shares of the basic materials company’s stock worth $67,054,000 after purchasing an additional 28,773 shares during the period. Wellington Management Group LLP acquired a new position in Andersons in the 3rd quarter valued at about $2,798,000. Finally, EP Wealth Advisors LLC acquired a new position in Andersons in the 3rd quarter valued at about $253,000. Hedge funds and other 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.