Andersons (ANDE) Downgraded to “C” at TheStreet

TheStreet downgraded shares of Andersons (NASDAQ:ANDE) from a b- rating to a c rating in a research report sent to investors on Thursday morning.

Several other equities analysts have also commented on the company. ValuEngine raised Andersons from a hold rating to a buy rating in a report on Monday, October 8th. Zacks Investment Research lowered Andersons from a hold rating to a sell rating in a report on Wednesday, August 1st. BMO Capital Markets upped their target price on Andersons from $36.00 to $40.00 and gave the company a market perform rating in a report on Thursday, August 9th. Stephens raised Andersons from an equal weight rating to an overweight rating and upped their target price for the company from $35.50 to $44.00 in a report on Wednesday, August 8th. Finally, BidaskClub lowered Andersons from a hold rating to a sell rating in a report on Thursday, September 27th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $41.33.

Shares of NASDAQ:ANDE traded down $1.33 during trading on Thursday, hitting $32.98. 132,268 shares of the company traded hands, compared to its average volume of 127,761. The firm has a market capitalization of $931.07 million, a PE ratio of 28.68 and a beta of 1.24. Andersons has a one year low of $29.60 and a one year high of $41.70. The company has a current ratio of 1.27, a quick ratio of 0.58 and a debt-to-equity ratio of 0.52.

Andersons (NASDAQ:ANDE) last posted its earnings results on Monday, November 5th. The basic materials company reported ($0.07) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.18). The company had revenue of $685.60 million for the quarter, compared to the consensus estimate of $839.00 million. Andersons had a net margin of 2.66% and a return on equity of 4.05%. The firm’s revenue for the quarter was down 18.0% compared to the same quarter last year. During the same period last year, the company posted $0.09 earnings per share. As a group, analysts predict that Andersons will post 1.88 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 22nd. Investors of record on Monday, October 1st were issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend was Friday, September 28th. Andersons’s dividend payout ratio (DPR) is 57.39%.

In other Andersons news, Director Stephen F. Dowdle acquired 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 7th. The stock was acquired at an average cost of $32.95 per share, with a total value of $65,900.00. Following the acquisition, the director now directly owns 1,763 shares of the company’s stock, valued at approximately $58,090.85. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 5.50% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Van ECK Associates Corp grew its holdings in Andersons by 2.9% in the 2nd quarter. Van ECK Associates Corp now owns 54,294 shares of the basic materials company’s stock worth $1,857,000 after buying an additional 1,524 shares in the last quarter. Alpha Windward LLC grew its holdings in Andersons by 12.5% in the 2nd quarter. Alpha Windward LLC now owns 15,660 shares of the basic materials company’s stock worth $536,000 after buying an additional 1,740 shares in the last quarter. Wells Fargo & Company MN grew its holdings in Andersons by 4.5% in the 1st quarter. Wells Fargo & Company MN now owns 43,083 shares of the basic materials company’s stock worth $1,426,000 after buying an additional 1,856 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in Andersons by 9.9% in the 2nd quarter. Advisors Asset Management Inc. now owns 21,853 shares of the basic materials company’s stock worth $747,000 after buying an additional 1,965 shares in the last quarter. Finally, Keybank National Association OH grew its holdings in Andersons by 3.5% in the 2nd quarter. Keybank National Association OH now owns 58,575 shares of the basic materials company’s stock worth $2,003,000 after buying an additional 2,000 shares in the last quarter. 80.35% of the stock is owned by institutional investors and hedge funds.

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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