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

Shares of The Andersons, Inc. (NASDAQ:ANDE) were down 4% on Tuesday . The company 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.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Stephens reiterated an “overweight” rating and issued a $60.00 price objective on shares of Andersons in a research report on Thursday, January 2nd. StockNews.com raised shares of Andersons from a “hold” rating to a “buy” rating in a research note on Wednesday, November 13th.

Andersons Price Performance

The company has a fifty day moving average price of $43.92 and a two-hundred day moving average price of $47.23. The company has a current ratio of 1.98, a quick ratio of 1.23 and a debt-to-equity ratio of 0.36. The firm has a market cap of $1.41 billion, a P/E ratio of 11.80 and a beta of 0.59.

Andersons (NASDAQ:ANDE) last announced its earnings results 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. The business had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.90 billion. Andersons had a return on equity of 8.21% and a net margin of 1.06%. Andersons’s revenue for the quarter was down 27.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.13 EPS. Equities analysts anticipate that The Andersons, Inc. will post 2.9 earnings per share for the current year.

Andersons Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 23rd. Stockholders of record on Thursday, January 2nd were issued a dividend of $0.195 per share. The ex-dividend date was Thursday, January 2nd. This represents a $0.78 dividend on an annualized basis and a dividend yield of 1.88%. This is an increase from Andersons’s previous quarterly dividend of $0.19. Andersons’s dividend payout ratio (DPR) is currently 22.29%.

Insiders Place Their Bets

In other Andersons news, insider Joseph E. Mcneely sold 2,382 shares of Andersons stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $47.73, for a total value of $113,692.86. Following the completion of the sale, the insider now directly owns 49,601 shares of the company’s stock, valued at approximately $2,367,455.73. The trade was a 4.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 5.10% of the company’s stock.

Institutional Investors Weigh In On Andersons

Large investors have recently made changes to their positions in the business. Peoples Bank KS increased its stake 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 worth $28,000 after purchasing an additional 500 shares during the last quarter. KBC Group NV grew its stake in shares of Andersons by 70.3% during the 4th quarter. KBC Group NV now owns 1,558 shares of the basic materials company’s stock worth $63,000 after acquiring an additional 643 shares during the period. Truvestments Capital LLC purchased a new stake in Andersons in the 3rd quarter worth about $98,000. Systematic Financial Management LP purchased a new position in shares of Andersons in the third quarter worth about $227,000. Finally, Inspire Advisors LLC boosted its holdings in shares of Andersons by 11.8% in the third quarter. Inspire Advisors LLC now owns 4,547 shares of the basic materials company’s stock worth $228,000 after acquiring an additional 480 shares during the period. 87.06% of the stock is owned by hedge funds and other institutional investors.

About Andersons

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.