Andersons (NASDAQ:ANDE) Trading 5.3% Higher – Here’s Why

The Andersons, Inc. (NASDAQ:ANDE)’s share price was up 5.3% on Monday . The company traded as high as $44.26 and last traded at $44.13. Approximately 36,411 shares traded hands during trading, a decline of 82% from the average daily volume of 205,961 shares. The stock had previously closed at $41.91.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on ANDE shares. StockNews.com downgraded shares of Andersons from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Stephens restated an “overweight” rating and set a $55.00 price objective on shares of Andersons in a research report on Wednesday, February 19th.

Andersons Stock Down 0.1 %

The company has a debt-to-equity ratio of 0.38, a current ratio of 1.65 and a quick ratio of 0.90. The firm has a market capitalization of $1.49 billion, a P/E ratio of 13.14 and a beta of 0.48. The company’s 50-day simple moving average is $42.50 and its two-hundred day simple moving average is $45.14.

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

Andersons Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 1st will be given a dividend of $0.195 per share. The ex-dividend date is Tuesday, April 1st. This represents a $0.78 annualized dividend and a dividend yield of 1.79%. Andersons’s payout ratio is 23.49%.

Insider Activity

In other news, VP Weston Heide sold 800 shares of the firm’s stock in a transaction 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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 5.10% of the company’s stock.

Hedge Funds Weigh In On Andersons

Several institutional investors have recently bought and sold shares of the stock. State Street Corp grew 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 valued at $67,054,000 after acquiring an additional 28,773 shares in the last quarter. American Century Companies Inc. grew its stake in Andersons by 7.8% during the fourth quarter. American Century Companies Inc. now owns 1,166,781 shares of the basic materials company’s stock valued at $47,278,000 after acquiring an additional 84,133 shares in the last quarter. Geode Capital Management LLC grew its stake in Andersons by 1.9% during the third quarter. Geode Capital Management LLC now owns 785,139 shares of the basic materials company’s stock valued at $39,374,000 after acquiring an additional 14,634 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Andersons by 15.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 751,624 shares of the basic materials company’s stock valued at $30,456,000 after acquiring an additional 99,045 shares in the last quarter. Finally, Northern Trust Corp grew its stake in Andersons by 11.0% during the fourth quarter. Northern Trust Corp now owns 615,897 shares of the basic materials company’s stock valued at $24,956,000 after acquiring an additional 61,250 shares in the last quarter. 87.06% of the stock is owned by hedge funds and other 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.