StockNews.com Downgrades Andersons (NASDAQ:ANDE) to Hold

StockNews.com lowered shares of Andersons (NASDAQ:ANDE) from a buy rating to a hold rating in a research report sent to investors on Tuesday.

Andersons Trading Up 1.5 %

NASDAQ:ANDE opened at $48.93 on Tuesday. The stock has a 50-day simple moving average of $48.21 and a 200-day simple moving average of $50.05. The stock has a market cap of $1.67 billion, a P/E ratio of 13.98 and a beta of 0.60. Andersons has a 1 year low of $41.76 and a 1 year high of $61.46. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.44 and a current ratio of 2.07.

Andersons (NASDAQ:ANDE) last released its quarterly earnings data on Monday, November 4th. The basic materials company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.37. The business had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.90 billion. Andersons had a return on equity of 8.23% and a net margin of 1.06%. The business’s quarterly revenue was down 27.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.13 EPS.

Andersons Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 1st were given a dividend of $0.19 per share. The ex-dividend date was Tuesday, October 1st. This represents a $0.76 annualized dividend and a dividend yield of 1.55%. Andersons’s dividend payout ratio is currently 21.71%.

Institutional Trading of Andersons

Several institutional investors and hedge funds have recently made changes to their positions in the company. Russell Investments Group Ltd. lifted its holdings in shares of Andersons by 2.2% in the 1st quarter. Russell Investments Group Ltd. now owns 10,834 shares of the basic materials company’s stock valued at $622,000 after purchasing an additional 235 shares during the last quarter. SummerHaven Investment Management LLC grew its holdings in Andersons by 1.8% during the 2nd quarter. SummerHaven Investment Management LLC now owns 16,116 shares of the basic materials company’s stock valued at $799,000 after buying an additional 289 shares during the last quarter. Creative Planning grew its holdings in Andersons by 6.2% during the 3rd quarter. Creative Planning now owns 5,261 shares of the basic materials company’s stock valued at $264,000 after buying an additional 309 shares during the last quarter. Louisiana State Employees Retirement System grew its holdings in Andersons by 2.6% during the 2nd quarter. Louisiana State Employees Retirement System now owns 16,000 shares of the basic materials company’s stock valued at $794,000 after buying an additional 400 shares during the last quarter. Finally, Inspire Advisors LLC grew its holdings in Andersons by 11.8% during the 3rd quarter. Inspire Advisors LLC now owns 4,547 shares of the basic materials company’s stock valued at $228,000 after buying an additional 480 shares during the last quarter. 87.06% of the stock is owned by hedge funds and other institutional investors.

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.