Andersons (NASDAQ:ANDE) Sets New 52-Week Low – Time to Sell?

The Andersons, Inc. (NASDAQ:ANDE) shares hit a new 52-week low during trading on Wednesday . The stock traded as low as $41.50 and last traded at $41.68, with a volume of 183844 shares. The stock had previously closed at $42.93.

Analysts Set New Price Targets

Several research firms recently issued reports on ANDE. Stephens raised shares of Andersons to a “strong-buy” rating in a research note on Monday, December 2nd. StockNews.com upgraded Andersons from a “hold” rating to a “buy” rating in a report on Wednesday, November 13th.

Andersons Stock Down 2.3 %

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 simple moving average of $46.83 and a 200-day simple moving average of $48.59. The stock has a market cap of $1.35 billion, a P/E ratio of 11.36 and a beta of 0.57.

Andersons (NASDAQ:ANDE) last posted its quarterly earnings data on Monday, November 4th. The basic materials company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.37. The business had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.90 billion. Andersons had a net margin of 1.06% and a return on equity of 8.21%. Andersons’s quarterly revenue was down 27.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.13 EPS. Analysts expect that The Andersons, Inc. will post 2.9 EPS for the current year.

Andersons Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Thursday, January 2nd will be given a $0.195 dividend. This is an increase from Andersons’s previous quarterly dividend of $0.19. This represents a $0.78 annualized dividend and a dividend yield of 1.96%. The ex-dividend date is Thursday, January 2nd. Andersons’s dividend payout ratio (DPR) 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 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 sale, the insider now owns 49,601 shares in the company, 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 legal filing with the SEC, which is accessible through this hyperlink. 5.10% of the stock is owned by insiders.

Institutional Trading of Andersons

Hedge funds have recently bought and sold shares of the stock. Arete Wealth Advisors LLC lifted its position in Andersons by 31.5% in the third quarter. Arete Wealth Advisors LLC now owns 6,131 shares of the basic materials company’s stock worth $306,000 after purchasing an additional 1,469 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Andersons by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 785,139 shares of the basic materials company’s stock worth $39,374,000 after acquiring an additional 14,634 shares during the period. Vestcor Inc raised its position in Andersons by 413.7% in the 3rd quarter. Vestcor Inc now owns 13,038 shares of the basic materials company’s stock valued at $654,000 after purchasing an additional 10,500 shares during the last quarter. Barclays PLC boosted its stake in Andersons by 347.7% in the third quarter. Barclays PLC now owns 54,358 shares of the basic materials company’s stock worth $2,725,000 after purchasing an additional 42,217 shares in the last quarter. Finally, EP Wealth Advisors LLC bought a new stake in shares of Andersons during the third quarter worth $253,000. 87.06% of the stock is owned by 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.