The Andersons (NASDAQ:ANDE) had its price objective reduced by BMO Capital Markets from $38.00 to $36.00 in a report issued on Wednesday. BMO Capital Markets currently has a market perform rating on the basic materials company’s stock.
Several other analysts also recently issued reports on ANDE. ValuEngine raised shares of The Andersons from a sell rating to a hold rating in a research report on Tuesday, May 8th. TheStreet downgraded shares of The Andersons from a b- rating to a c rating in a research report on Monday, May 7th. Zacks Investment Research downgraded shares of The Andersons from a strong-buy rating to a hold rating in a research report on Tuesday, May 1st. Finally, BidaskClub downgraded shares of The Andersons from a hold rating to a sell rating in a research report on Tuesday, April 3rd. One analyst has rated the stock with a sell rating and five have given a hold rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $35.50.
The Andersons opened at $31.30 on Wednesday, according to MarketBeat. The Andersons has a 12-month low of $29.60 and a 12-month high of $38.05. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.23 and a quick ratio of 0.47. The firm has a market capitalization of $887.91 million, a P/E ratio of 27.22 and a beta of 1.17.
The Andersons (NASDAQ:ANDE) last posted its quarterly earnings results on Wednesday, February 14th. The basic materials company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.20. The Andersons had a net margin of 1.23% and a return on equity of 4.29%. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter last year, the firm posted $0.36 EPS. The Andersons’s revenue was down 9.8% compared to the same quarter last year. sell-side analysts expect that The Andersons will post 1.94 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 23rd. Shareholders of record on Monday, April 2nd were paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend was Thursday, March 29th. The Andersons’s dividend payout ratio (DPR) is presently 57.39%.
In other The Andersons news, Director Rasesh H. Shah sold 9,000 shares of the firm’s stock in a transaction on Monday, March 19th. The stock was sold at an average price of $34.50, for a total transaction of $310,500.00. Following the transaction, the director now directly owns 24,728 shares in the company, valued at approximately $853,116. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Rasesh H. Shah sold 20,000 shares of the firm’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $36.25, for a total value of $725,000.00. Following the transaction, the director now owns 41,862 shares in the company, valued at $1,517,497.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 32,000 shares of company stock worth $1,143,430. Company insiders own 5.50% of the company’s stock.
Large investors have recently modified their holdings of the business. Quantbot Technologies LP bought a new position in The Andersons during the 1st quarter valued at $153,000. Candriam Luxembourg S.C.A. bought a new position in The Andersons during the 1st quarter valued at $232,000. Teacher Retirement System of Texas bought a new position in The Andersons during the 4th quarter valued at $284,000. Stevens Capital Management LP bought a new position in The Andersons during the 1st quarter valued at $330,000. Finally, Citadel Advisors LLC bought a new position in The Andersons during the 1st quarter valued at $341,000. Institutional investors and hedge funds own 79.46% of the company’s stock.
The Andersons Company Profile
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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