Andersons (NASDAQ:ANDE) Shares Down 0.3%

Andersons Inc (NASDAQ:ANDE) shares traded down 0.3% during mid-day trading on Friday . The stock traded as low as $27.16 and last traded at $27.37. 1,059 shares traded hands during mid-day trading, a decline of 99% from the average session volume of 131,293 shares. The stock had previously closed at $27.46.

Several research analysts have recently issued reports on the stock. BidaskClub upgraded shares of Andersons from a “strong sell” rating to a “sell” rating in a research note on Thursday. Buckingham Research set a $30.00 target price on shares of Andersons and gave the stock a “hold” rating in a research note on Wednesday, June 5th. Finally, TheStreet downgraded shares of Andersons from a “b” rating to a “c” rating in a research note on Tuesday, May 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $38.00.

The company has a market capitalization of $878.15 million, a PE ratio of 19.30 and a beta of 1.34. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.59 and a current ratio of 1.30.

Andersons (NASDAQ:ANDE) last issued its quarterly earnings data on Monday, May 6th. The basic materials company reported ($0.16) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.33). The company had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $1.78 billion. Andersons had a net margin of 0.65% and a return on equity of 4.34%. The firm’s revenue for the quarter was up 227.1% on a year-over-year basis. During the same quarter last year, the company earned ($0.06) EPS.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 22nd. Investors of record on Monday, July 1st will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.68 dividend on an annualized basis and a yield of 2.48%.

A number of institutional investors have recently modified their holdings of ANDE. Macquarie Group Ltd. purchased a new stake in Andersons during the first quarter valued at approximately $42,748,000. Renaissance Technologies LLC increased its holdings in Andersons by 37.2% during the first quarter. Renaissance Technologies LLC now owns 774,276 shares of the basic materials company’s stock valued at $24,955,000 after buying an additional 209,976 shares during the last quarter. Victory Capital Management Inc. increased its holdings in Andersons by 5.9% during the fourth quarter. Victory Capital Management Inc. now owns 2,542,109 shares of the basic materials company’s stock valued at $75,984,000 after buying an additional 141,975 shares during the last quarter. BlackRock Inc. increased its holdings in Andersons by 3.0% during the fourth quarter. BlackRock Inc. now owns 3,918,354 shares of the basic materials company’s stock valued at $117,119,000 after buying an additional 115,375 shares during the last quarter. Finally, Deprince Race & Zollo Inc. increased its holdings in Andersons by 13.5% during the fourth quarter. Deprince Race & Zollo Inc. now owns 969,015 shares of the basic materials company’s stock valued at $28,964,000 after buying an additional 115,210 shares during the last quarter. Institutional investors own 75.24% of the company’s stock.

WARNING: This piece of content was reported by Modern Readers and is owned by of Modern Readers. If you are viewing this piece of content on another site, it was illegally copied and reposted in violation of US and international copyright & trademark law. The legal version of this piece of content can be read at https://www.modernreaders.com/news/2019/06/14/andersons-nasdaqande-shares-down-0-3.html.

Andersons Company Profile (NASDAQ:ANDE)

The Andersons, Inc, an agriculture company, operates in the grain, ethanol, plant nutrient, and rail sectors in the United States and internationally. The company's Grain segment operates grain elevators; stores grains; and provides grain marketing, risk management, and corn origination services to its customers and affiliated ethanol facilities.

See Also: Growth Stocks, What They Are, What They Are Not

Receive News & Ratings for Andersons Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Andersons and related companies with MarketBeat.com's FREE daily email newsletter.