Andersons (NASDAQ:ANDE) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Andersons (NASDAQ:ANDE) from a hold rating to a buy rating in a report published on Thursday.

Andersons Stock Up 0.4 %

Andersons stock opened at $46.51 on Thursday. Andersons has a twelve month low of $44.65 and a twelve month high of $61.46. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.44 and a current ratio of 2.07. The firm has a market cap of $1.58 billion, a PE ratio of 13.14 and a beta of 0.57. The firm’s 50 day moving average price is $48.95 and its two-hundred day moving average price is $50.90.

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

Andersons Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 1st were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.63%. The ex-dividend date was Tuesday, October 1st. Andersons’s payout ratio is currently 21.47%.

Institutional Trading of Andersons

Several institutional investors have recently modified their holdings of ANDE. Pacer Advisors Inc. grew its holdings in shares of Andersons by 8.8% in the 2nd quarter. Pacer Advisors Inc. now owns 3,737,703 shares of the basic materials company’s stock worth $185,390,000 after purchasing an additional 303,711 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Andersons by 16.8% in the 2nd quarter. American Century Companies Inc. now owns 933,968 shares of the basic materials company’s stock valued at $46,325,000 after purchasing an additional 134,126 shares during the period. Squarepoint Ops LLC bought a new position in Andersons during the second quarter worth about $2,311,000. Victory Capital Management Inc. grew its holdings 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 purchasing an additional 36,594 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Andersons by 11.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 349,172 shares of the basic materials company’s stock valued at $20,091,000 after buying an additional 36,146 shares during the period. Institutional investors and hedge funds 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.