Andersons (NASDAQ:ANDE) Reaches New 1-Year Low – Here’s Why

Shares of The Andersons, Inc. (NASDAQ:ANDE) reached a new 52-week low on Wednesday . The stock traded as low as $41.50 and last traded at $41.68, with a volume of 183844 shares trading hands. The stock had previously closed at $42.93.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ANDE. Stephens upgraded Andersons to a “strong-buy” rating in a research note on Monday, December 2nd. StockNews.com upgraded Andersons from a “hold” rating to a “buy” rating in a research note on Wednesday, November 13th.

Andersons Price Performance

The business has a 50-day simple moving average of $46.83 and a two-hundred day simple moving average of $48.59. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of 11.36 and a beta of 0.57. The company has a quick ratio of 1.23, a current ratio of 1.98 and a debt-to-equity ratio of 0.36.

Andersons (NASDAQ:ANDE) last posted its quarterly earnings results 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. Andersons had a net margin of 1.06% and a return on equity of 8.21%. The firm had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same quarter in the previous year, the business posted $0.13 earnings per share. The firm’s quarterly revenue was down 27.9% compared to the same quarter last year. As a group, research analysts predict that The Andersons, Inc. will post 2.9 earnings per share for the current fiscal year.

Andersons Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Investors of record on Thursday, January 2nd will be paid a $0.195 dividend. This is a positive change from Andersons’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $0.78 dividend on an annualized basis and a yield of 1.96%. Andersons’s dividend payout ratio (DPR) is currently 22.29%.

Insiders Place Their Bets

In other news, insider Joseph E. Mcneely sold 2,382 shares of the company’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $47.73, for a total value of $113,692.86. Following the transaction, the insider now owns 49,601 shares in the company, valued at $2,367,455.73. This represents a 4.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 5.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ANDE. Creative Planning grew its holdings in shares of 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 acquiring an additional 309 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in Andersons by 2.6% in the second quarter. Louisiana State Employees Retirement System now owns 16,000 shares of the basic materials company’s stock valued at $794,000 after purchasing an additional 400 shares in the last quarter. Inspire Advisors LLC increased its position in Andersons by 11.8% in the 3rd quarter. Inspire Advisors LLC now owns 4,547 shares of the basic materials company’s stock worth $228,000 after purchasing an additional 480 shares during the last quarter. nVerses Capital LLC purchased a new stake in shares of Andersons during the 2nd quarter worth about $25,000. Finally, Quest Partners LLC lifted its holdings in shares of Andersons by 7.7% during the 2nd quarter. Quest Partners LLC now owns 8,751 shares of the basic materials company’s stock valued at $434,000 after buying an additional 625 shares during the last quarter. 87.06% of the stock is owned by hedge funds and other institutional investors.

Andersons Company Profile

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.