Andersons (NASDAQ:ANDE) Reaches New 1-Year Low – Should You Sell?

The Andersons, Inc. (NASDAQ:ANDE) reached a new 52-week low during trading on Tuesday . The stock traded as low as $44.40 and last traded at $44.50, with a volume of 23109 shares. The stock had previously closed at $45.82.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Andersons from a “buy” rating to a “hold” rating in a research report on Tuesday.

Andersons Stock Up 12.6 %

The stock has a market cap of $1.66 billion, a price-to-earnings ratio of 16.40 and a beta of 0.60. The stock has a 50 day simple moving average of $48.29 and a 200 day simple moving average of $50.13. The company has a quick ratio of 1.44, a current ratio of 2.07 and a debt-to-equity ratio of 0.36.

Andersons (NASDAQ:ANDE) last issued its quarterly earnings data on Monday, November 4th. The basic materials company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.37. The firm had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.90 billion. Andersons had a net margin of 0.83% and a return on equity of 6.99%. The business’s revenue was down 27.9% on a year-over-year basis. During the same period last year, the company earned $0.13 earnings per share.

Andersons Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 22nd. Investors 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 1.56%. Andersons’s payout ratio is 25.50%.

Institutional Trading of Andersons

Several institutional investors and hedge funds have recently made changes to their positions in the company. Empowered Funds LLC increased its stake in Andersons by 3.8% in the 3rd quarter. Empowered Funds LLC now owns 219,421 shares of the basic materials company’s stock valued at $10,960,000 after buying an additional 8,050 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Andersons by 7.0% in the 3rd quarter. Victory Capital Management Inc. now owns 488,505 shares of the basic materials company’s stock worth $24,494,000 after buying an additional 31,881 shares during the last quarter. Summit Global Investments grew its position in Andersons by 41.5% during the third quarter. Summit Global Investments now owns 13,088 shares of the basic materials company’s stock valued at $656,000 after buying an additional 3,840 shares during the period. James Investment Research Inc. increased its holdings in Andersons by 7.7% during the third quarter. James Investment Research Inc. now owns 9,478 shares of the basic materials company’s stock worth $475,000 after buying an additional 675 shares during the last quarter. Finally, Summit Place Financial Advisors LLC raised its position in Andersons by 5.9% in the third quarter. Summit Place Financial Advisors LLC now owns 22,186 shares of the basic materials company’s stock worth $1,112,000 after acquiring an additional 1,230 shares during the period. Hedge funds and other institutional investors own 87.06% of the company’s stock.

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.