Andersons (NASDAQ:ANDE) Stock Price Down 4% – Here’s Why

The Andersons, Inc. (NASDAQ:ANDE)’s stock price dropped 4% on Tuesday . The stock traded as low as $42.48 and last traded at $41.81. Approximately 15,378 shares changed hands during trading, a decline of 94% from the average daily volume of 253,538 shares. The stock had previously closed at $43.55.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ANDE. StockNews.com raised Andersons from a “hold” rating to a “buy” rating in a research report on Wednesday, November 13th. Stephens reaffirmed an “overweight” rating and issued a $60.00 price target on shares of Andersons in a research note on Thursday, January 2nd.

Andersons Price Performance

The company has a quick ratio of 1.23, a current ratio of 1.98 and a debt-to-equity ratio of 0.36. The business has a 50-day moving average price of $43.69 and a two-hundred day moving average price of $47.14. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 12.14 and a beta of 0.59.

Andersons (NASDAQ:ANDE) last announced 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. Andersons had a return on equity of 8.21% and a net margin of 1.06%. The firm had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter in the prior year, the company earned $0.13 EPS. The business’s revenue for the quarter was down 27.9% on a year-over-year basis. As a group, research analysts anticipate that The Andersons, Inc. will post 2.9 EPS for the current year.

Andersons Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 23rd. Investors of record on Thursday, January 2nd were paid a dividend of $0.195 per share. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $0.78 annualized dividend and a yield of 1.84%. This is a boost from Andersons’s previous quarterly dividend of $0.19. Andersons’s payout ratio is currently 22.29%.

Insider Buying and Selling

In other news, insider Joseph E. Mcneely sold 2,382 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $47.73, for a total transaction of $113,692.86. Following the transaction, the insider now directly owns 49,601 shares of the company’s stock, valued at approximately $2,367,455.73. This trade represents a 4.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.10% of the stock is owned by company insiders.

Institutional Trading of Andersons

Institutional investors and hedge funds have recently bought and sold shares of the stock. Creative Planning lifted its stake in shares of Andersons by 6.2% in the 3rd quarter. Creative Planning now owns 5,261 shares of the basic materials company’s stock valued at $264,000 after purchasing an additional 309 shares during the period. Inspire Advisors LLC lifted its position in Andersons by 11.8% during the third quarter. Inspire Advisors LLC now owns 4,547 shares of the basic materials company’s stock valued at $228,000 after buying an additional 480 shares during the period. Peoples Bank KS boosted its holdings in shares of Andersons by 250.0% during the 4th quarter. Peoples Bank KS now owns 700 shares of the basic materials company’s stock valued at $28,000 after buying an additional 500 shares in the last quarter. KBC Group NV grew its position in shares of Andersons by 70.3% in the 4th quarter. KBC Group NV now owns 1,558 shares of the basic materials company’s stock worth $63,000 after buying an additional 643 shares during the period. Finally, James Investment Research Inc. increased its stake in shares of Andersons by 7.7% in the 3rd quarter. James Investment Research Inc. now owns 9,478 shares of the basic materials company’s stock worth $475,000 after acquiring an additional 675 shares in the last quarter. 87.06% of the stock is currently owned by hedge funds and other institutional investors.

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.