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.
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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.
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