Andersons (NASDAQ:ANDE) Cut to Hold at StockNews.com

StockNews.com lowered shares of Andersons (NASDAQ:ANDE) from a buy rating to a hold rating in a research report report published on Wednesday morning.

Andersons Stock Performance

Shares of ANDE opened at $50.08 on Wednesday. Andersons has a one year low of $44.65 and a one year high of $61.46. The company has a 50-day moving average of $49.71 and a two-hundred day moving average of $51.84. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of 14.15 and a beta of 0.57. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.07 and a quick ratio of 1.44.

Andersons (NASDAQ:ANDE) last posted its quarterly earnings results on Tuesday, August 6th. The basic materials company reported $1.05 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.04). The company had revenue of $2.80 billion for the quarter, compared to analyst estimates of $3.20 billion. Andersons had a return on equity of 6.99% and a net margin of 0.83%. The business’s revenue for the quarter was down 30.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.52 earnings per share.

Andersons Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 22nd. Investors of record on Tuesday, October 1st will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend is Tuesday, October 1st. Andersons’s dividend payout ratio is currently 21.47%.

Institutional Trading of Andersons

Institutional investors have recently made changes to their positions in the stock. Pacer Advisors Inc. raised its position in Andersons by 8.8% during the second quarter. Pacer Advisors Inc. now owns 3,737,703 shares of the basic materials company’s stock valued at $185,390,000 after acquiring an additional 303,711 shares in the last quarter. American Century Companies Inc. raised its position in Andersons by 16.8% during the second quarter. American Century Companies Inc. now owns 933,968 shares of the basic materials company’s stock valued at $46,325,000 after acquiring an additional 134,126 shares in the last quarter. Squarepoint Ops LLC bought a new position in Andersons during the second quarter valued at approximately $2,311,000. Victory Capital Management Inc. raised its position in Andersons by 8.7% during the second quarter. Victory Capital Management Inc. now owns 456,624 shares of the basic materials company’s stock valued at $22,649,000 after acquiring an additional 36,594 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in Andersons by 11.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 349,172 shares of the basic materials company’s stock valued at $20,091,000 after acquiring an additional 36,146 shares in the last quarter. 87.06% of the stock is currently owned by institutional investors and hedge funds.

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.