The Andersons, Inc. (NASDAQ:ANDE) Receives $58.33 Consensus Price Target from Brokerages

The Andersons, Inc. (NASDAQ:ANDE) has been assigned an average rating of “Moderate Buy” from the five research firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $62.50.

ANDE has been the subject of several recent research reports. BMO Capital Markets upgraded shares of Andersons from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $50.00 to $65.00 in a research note on Wednesday, December 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Andersons in a research note on Wednesday, January 21st. Finally, Benchmark started coverage on Andersons in a research note on Wednesday. They set a “buy” rating and a $75.00 price objective on the stock.

Andersons Price Performance

NASDAQ ANDE opened at $66.86 on Wednesday. Andersons has a 12-month low of $31.03 and a 12-month high of $67.46. The firm’s 50 day moving average is $56.18 and its 200-day moving average is $47.26. The company has a market capitalization of $2.26 billion, a PE ratio of 31.24 and a beta of 0.77. The company has a quick ratio of 0.80, a current ratio of 1.47 and a debt-to-equity ratio of 0.47.

Andersons (NASDAQ:ANDE) last posted its quarterly earnings results on Tuesday, November 4th. The basic materials company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.38. The firm had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.85 billion. Andersons had a return on equity of 5.83% and a net margin of 0.63%.The business’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.80 EPS. Equities research analysts anticipate that Andersons will post 3.11 earnings per share for the current fiscal year.

Andersons Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 23rd. Stockholders of record on Friday, January 2nd were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Friday, January 2nd. This is a boost from Andersons’s previous quarterly dividend of $0.20. Andersons’s dividend payout ratio is presently 37.38%.

Insider Buying and Selling at Andersons

In related news, Director John T. Stout, Jr. sold 12,500 shares of the company’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $51.77, for a total transaction of $647,125.00. Following the completion of the sale, the director directly owned 33,441 shares in the company, valued at $1,731,240.57. This represents a 27.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Anne G. Rex sold 3,000 shares of Andersons stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $51.36, for a total value of $154,080.00. Following the completion of the transaction, the vice president owned 23,549 shares in the company, valued at approximately $1,209,476.64. This represents a 11.30% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 20,500 shares of company stock worth $1,076,205. Corporate insiders own 4.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ANDE. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Andersons during the third quarter worth about $30,000. Optima Capital LLC bought a new stake in Andersons during the 4th quarter worth approximately $32,000. Larson Financial Group LLC grew its holdings in Andersons by 33,600.0% during the 3rd quarter. Larson Financial Group LLC now owns 1,011 shares of the basic materials company’s stock worth $40,000 after acquiring an additional 1,008 shares during the last quarter. GAMMA Investing LLC increased its position in Andersons by 34.8% in the 4th quarter. GAMMA Investing LLC now owns 1,266 shares of the basic materials company’s stock valued at $67,000 after acquiring an additional 327 shares during the period. Finally, Tower Research Capital LLC TRC raised its stake in shares of Andersons by 227.9% during the second quarter. Tower Research Capital LLC TRC now owns 2,954 shares of the basic materials company’s stock valued at $109,000 after acquiring an additional 2,053 shares during the last quarter. 87.06% of the stock is currently owned by institutional investors and hedge funds.

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.