Andersons (NASDAQ:ANDE) Hits New 12-Month High at $59.15

The Andersons, Inc. (NASDAQ:ANDE)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $59.15 and last traded at $58.78, with a volume of 42425 shares traded. The stock had previously closed at $58.23.

Analysts Set New Price Targets

Several research analysts have recently issued reports on ANDE shares. Roth Capital reissued a “buy” rating and issued a $65.00 price target on shares of Andersons in a research note on Tuesday, February 6th. StockNews.com raised Andersons from a “hold” rating to a “buy” rating in a research note on Thursday, January 11th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $62.50.

Andersons Stock Performance

The company has a debt-to-equity ratio of 0.37, a current ratio of 1.72 and a quick ratio of 1.00. The firm has a market cap of $2.06 billion, a price-to-earnings ratio of 20.55 and a beta of 0.68. The company has a fifty day moving average price of $55.61 and a two-hundred day moving average price of $53.57.

Andersons (NASDAQ:ANDE) last announced its quarterly earnings data on Wednesday, February 21st. The basic materials company reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.48. The business had revenue of $3.21 billion during the quarter, compared to analyst estimates of $4.26 billion. Andersons had a return on equity of 8.19% and a net margin of 0.69%. The company’s revenue was down 31.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.98 earnings per share. As a group, equities research analysts expect that The Andersons, Inc. will post 2.54 EPS for the current year.

Andersons Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Monday, April 1st were issued a $0.19 dividend. The ex-dividend date was Thursday, March 28th. This represents a $0.76 annualized dividend and a dividend yield of 1.26%. Andersons’s dividend payout ratio (DPR) is 25.85%.

Insider Activity

In other news, CEO Patrick E. Bowe sold 1,338 shares of the company’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $55.12, for a total value of $73,750.56. Following the completion of the sale, the chief executive officer now owns 89,315 shares in the company, valued at $4,923,042.80. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CEO Patrick E. Bowe sold 1,338 shares of the company’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $55.12, for a total transaction of $73,750.56. Following the completion of the sale, the chief executive officer now directly owns 89,315 shares of the company’s stock, valued at $4,923,042.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Patrick E. Bowe sold 2,623 shares of the company’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $55.22, for a total value of $144,842.06. Following the sale, the chief executive officer now directly owns 90,653 shares of the company’s stock, valued at $5,005,858.66. The disclosure for this sale can be found here. Insiders sold a total of 38,858 shares of company stock worth $2,153,845 over the last 90 days. 5.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Andersons

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Andersons by 1.2% during the third quarter. Vanguard Group Inc. now owns 3,971,447 shares of the basic materials company’s stock valued at $204,569,000 after purchasing an additional 47,494 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Andersons by 111.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 88,336 shares of the basic materials company’s stock worth $5,083,000 after acquiring an additional 46,587 shares in the last quarter. Nordea Investment Management AB lifted its stake in Andersons by 1.9% in the 3rd quarter. Nordea Investment Management AB now owns 38,389 shares of the basic materials company’s stock worth $1,981,000 after acquiring an additional 714 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its stake in Andersons by 199.1% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 61,649 shares of the basic materials company’s stock worth $3,176,000 after acquiring an additional 41,037 shares in the last quarter. Finally, Ritholtz Wealth Management lifted its stake in Andersons by 35.0% in the 4th quarter. Ritholtz Wealth Management now owns 16,713 shares of the basic materials company’s stock worth $962,000 after acquiring an additional 4,337 shares in the last quarter. 87.06% of the stock is 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.