The Andersons, Inc. (NASDAQ:ANDE – Get Free Report) has earned an average recommendation of “Buy” from the five research firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $85.00.
Several research analysts have recently weighed in on ANDE shares. Wall Street Zen raised shares of Andersons from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Weiss Ratings raised Andersons from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, May 7th. Texas Capital upgraded Andersons to a “strong-buy” rating in a research note on Thursday, June 18th. Benchmark reaffirmed a “buy” rating on shares of Andersons in a report on Monday, June 15th. Finally, The Goldman Sachs Group cut Andersons to a “buy” rating in a report on Thursday, June 18th.
Get Our Latest Research Report on ANDE
Andersons Stock Performance
Andersons (NASDAQ:ANDE – Get Free Report) last posted its earnings results on Tuesday, May 5th. The basic materials company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.42. Andersons had a net margin of 1.17% and a return on equity of 10.68%. The business had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.71 billion. During the same period in the prior year, the company posted $0.12 EPS. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year.
Andersons Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 1st will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Wednesday, July 1st. Andersons’s dividend payout ratio (DPR) is currently 21.28%.
Insider Transactions at Andersons
In other Andersons news, Director Patrick E. Bowe sold 16,466 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $80.76, for a total value of $1,329,794.16. Following the completion of the transaction, the director owned 78,409 shares of the company’s stock, valued at $6,332,310.84. The trade was a 17.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 51,466 shares of company stock worth $4,038,717 in the last three months. Insiders own 4.30% of the company’s stock.
Institutional Trading of Andersons
Several institutional investors and hedge funds have recently made changes to their positions in ANDE. AQR Capital Management LLC increased 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% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,425 shares of the basic materials company’s stock worth $834,000 after purchasing an additional 866 shares during the last quarter. Cetera Investment Advisers bought a new stake in Andersons during the second quarter worth about $257,000. XTX Topco Ltd purchased a new position in shares of Andersons in the 2nd quarter worth about $201,000. Finally, Norges Bank purchased a new position in shares of Andersons in the 2nd quarter worth about $1,036,000. Hedge funds and other institutional investors own 87.06% of the company’s stock.
About Andersons
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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