Andersons (NASDAQ:ANDE) Sets New 12-Month Low – Should You Sell?

The Andersons, Inc. (NASDAQ:ANDE) shares reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $41.50 and last traded at $41.68, with a volume of 183844 shares trading hands. The stock had previously closed at $42.93.

Analyst Upgrades and Downgrades

Several analysts recently commented on ANDE shares. StockNews.com upgraded shares of Andersons from a “hold” rating to a “buy” rating in a research report on Wednesday, November 13th. Stephens raised shares of Andersons to a “strong-buy” rating in a research note on Monday, December 2nd.

Andersons Stock Down 4.5 %

The business has a 50-day moving average price of $47.15 and a 200-day moving average price of $48.70. The stock has a market cap of $1.40 billion, a PE ratio of 11.71 and a beta of 0.57. The company has a current ratio of 1.98, a quick ratio of 1.23 and a debt-to-equity ratio of 0.36.

Andersons (NASDAQ:ANDE) last posted its quarterly earnings data on Monday, November 4th. The basic materials company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.37. The company had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.90 billion. Andersons had a net margin of 1.06% and a return on equity of 8.21%. The firm’s revenue for the quarter was down 27.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.13 earnings per share. As a group, analysts forecast that The Andersons, Inc. will post 2.9 earnings per share for the current year.

Andersons Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Investors of record on Thursday, January 2nd will be issued a $0.195 dividend. This represents a $0.78 annualized dividend and a yield of 1.90%. This is a boost from Andersons’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Thursday, January 2nd. Andersons’s payout ratio is presently 22.29%.

Insider Buying and Selling at Andersons

In other news, insider Joseph E. Mcneely sold 2,382 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $47.73, for a total value of $113,692.86. Following the completion of the sale, the insider now directly owns 49,601 shares in the company, valued at $2,367,455.73. This represents a 4.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 5.10% of the company’s stock.

Hedge Funds Weigh In On Andersons

A number of institutional investors and hedge funds have recently bought and sold shares of the business. nVerses Capital LLC acquired a new position in shares of Andersons during the 2nd quarter worth approximately $25,000. Innealta Capital LLC purchased a new position in Andersons during the second quarter worth approximately $57,000. Truvestments Capital LLC purchased a new position in Andersons during the third quarter worth approximately $98,000. EverSource Wealth Advisors LLC boosted its stake in Andersons by 92.5% during the second quarter. EverSource Wealth Advisors LLC now owns 2,087 shares of the basic materials company’s stock worth $114,000 after buying an additional 1,003 shares during the last quarter. Finally, Inspire Advisors LLC purchased a new stake in Andersons in the 2nd quarter valued at $202,000. 87.06% of the stock is currently owned by institutional investors and hedge funds.

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.