The Andersons, Inc. (NASDAQ:ANDE – Get Free Report)’s share price reached a new 52-week high on Monday . The stock traded as high as $79.61 and last traded at $78.7860, with a volume of 293487 shares traded. The stock had previously closed at $79.12.
Analyst Ratings Changes
ANDE has been the topic of several analyst reports. Wall Street Zen downgraded shares of Andersons from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Benchmark reissued a “buy” rating on shares of Andersons in a research report on Wednesday, February 18th. Weiss Ratings reissued a “hold (c)” rating on shares of Andersons in a research report on Monday, April 20th. Finally, BMO Capital Markets boosted their price objective on shares of Andersons from $65.00 to $75.00 and gave the company an “outperform” rating in a research report on Thursday, February 19th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Andersons presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.33.
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Andersons Price Performance
Andersons (NASDAQ:ANDE – Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.42. Andersons had a net margin of 0.87% and a return on equity of 7.76%. The firm had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.71 billion. During the same period in the previous year, the firm posted $0.12 earnings per share. The firm’s revenue was down 1.2% on a year-over-year basis.
Andersons Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 22nd. Investors of record on Wednesday, April 1st were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, April 1st. This represents a $0.80 dividend on an annualized basis and a yield of 1.0%. Andersons’s payout ratio is presently 28.57%.
Insider Buying and Selling at Andersons
In other Andersons news, VP Anne G. Rex sold 2,624 shares of Andersons stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $65.16, for a total value of $170,979.84. Following the completion of the sale, the vice president directly owned 23,829 shares in the company, valued at $1,552,697.64. The trade was a 9.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John T. Stout, Jr. sold 2,500 shares of Andersons stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $70.30, for a total transaction of $175,750.00. Following the completion of the sale, the director owned 23,441 shares of the company’s stock, valued at $1,647,902.30. This trade represents a 9.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 79,299 shares of company stock valued at $5,875,644 over the last three months. 4.30% of the stock is owned by insiders.
Institutional Trading of Andersons
A number of institutional investors have recently added to or reduced their stakes in ANDE. AQR Capital Management LLC lifted its stake in Andersons by 5.5% in the first quarter. AQR Capital Management LLC now owns 40,727 shares of the basic materials company’s stock valued at $1,748,000 after acquiring an additional 2,137 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Andersons by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,425 shares of the basic materials company’s stock valued at $834,000 after acquiring an additional 866 shares during the last quarter. Cetera Investment Advisers acquired a new stake in Andersons in the second quarter valued at approximately $257,000. XTX Topco Ltd acquired a new stake in Andersons in the second quarter valued at approximately $201,000. Finally, Norges Bank acquired a new stake in Andersons in the second quarter valued at approximately $1,036,000. 87.06% of the stock is currently owned by institutional investors and hedge funds.
Andersons Company Profile
The Andersons, Inc operates as a diversified agriculture company offering a broad range of products and services to farmers, retailers and industrial customers. Through its Grain Group, the company purchases, stores, merchandises and transports corn, soybeans and other commodities, while its Renewables Group produces ethanol and distillers grains at multiple plants in the U.S. The Rail Group provides locomotive leasing, railcar repair and related maintenance services, and the Horticulture Group supplies turf, specialty and horticultural products to landscaping professionals and consumer lawn and garden retailers.
Founded in 1947 and headquartered in Maumee, Ohio, The Andersons has grown from a regional grain elevator operator into an integrated agribusiness platform.
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