Andersons (NASDAQ:ANDE) Stock Price Down 4% – Here’s What Happened

The Andersons, Inc. (NASDAQ:ANDE) traded down 4% on Tuesday . The stock traded as low as $42.48 and last traded at $41.81. 15,378 shares changed hands during trading, a decline of 94% from the average session volume of 253,538 shares. The stock had previously closed at $43.55.

Wall Street Analyst Weigh In

Several research analysts have recently commented on ANDE shares. Stephens reissued an “overweight” rating and issued a $60.00 target price on shares of Andersons in a report on Thursday, January 2nd. StockNews.com upgraded Andersons from a “hold” rating to a “buy” rating in a report on Wednesday, November 13th.

Andersons Stock Up 1.3 %

The firm has a 50 day moving average price of $43.69 and a 200-day moving average price of $47.14. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of 12.14 and a beta of 0.59. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.98 and a quick ratio of 1.23.

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

Andersons Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 23rd. Shareholders of record on Thursday, January 2nd were issued a dividend of $0.195 per share. This is an increase from Andersons’s previous quarterly dividend of $0.19. This represents a $0.78 annualized dividend and a yield of 1.84%. The ex-dividend date was Thursday, January 2nd. Andersons’s dividend payout ratio (DPR) is 22.29%.

Insider Transactions at Andersons

In related news, insider Joseph E. Mcneely sold 2,382 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $47.73, for a total transaction of $113,692.86. Following the transaction, the insider now directly owns 49,601 shares in the company, valued at approximately $2,367,455.73. The trade was a 4.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 5.10% of the company’s stock.

Hedge Funds Weigh In On Andersons

Several institutional investors and hedge funds have recently modified their holdings of the business. State Street Corp boosted its holdings in Andersons by 2.2% in the 3rd quarter. State Street Corp now owns 1,337,344 shares of the basic materials company’s stock valued at $67,054,000 after purchasing an additional 28,773 shares during the period. Geode Capital Management LLC boosted its position in shares of Andersons by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 785,139 shares of the basic materials company’s stock worth $39,374,000 after acquiring an additional 14,634 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Andersons by 23.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 652,579 shares of the basic materials company’s stock valued at $32,720,000 after purchasing an additional 124,468 shares in the last quarter. Victory Capital Management Inc. raised its stake in Andersons by 7.0% during the third quarter. Victory Capital Management Inc. now owns 488,505 shares of the basic materials company’s stock worth $24,494,000 after acquiring an additional 31,881 shares in the last quarter. Finally, Empowered Funds LLC lifted its stake in Andersons by 5.8% in the 4th quarter. Empowered Funds LLC now owns 232,213 shares of the basic materials company’s stock valued at $9,364,000 after purchasing an additional 12,792 shares during the last quarter. 87.06% of the stock is currently owned by institutional investors and hedge funds.

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.