Andersons (NASDAQ:ANDE) Trading 5.3% Higher – Here’s What Happened

Shares of The Andersons, Inc. (NASDAQ:ANDE) traded up 5.3% during mid-day trading on Monday . The company traded as high as $44.26 and last traded at $44.13. 36,411 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 205,961 shares. The stock had previously closed at $41.91.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Stephens reissued an “overweight” rating and issued a $55.00 price target on shares of Andersons in a research note on Wednesday, February 19th. StockNews.com downgraded shares of Andersons from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th.

Andersons Trading Down 0.1 %

The company has a market capitalization of $1.49 billion, a P/E ratio of 13.14 and a beta of 0.48. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.65 and a quick ratio of 0.90. The stock’s 50 day moving average is $42.50 and its 200-day moving average is $45.14.

Andersons (NASDAQ:ANDE) last announced its quarterly earnings data on Tuesday, February 18th. The basic materials company reported $1.36 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.34. The business had revenue of $3.12 billion for the quarter, compared to analysts’ expectations of $2.72 billion. Andersons had a net margin of 1.01% and a return on equity of 7.59%. As a group, equities research analysts anticipate that The Andersons, Inc. will post 3.11 earnings per share for the current year.

Andersons Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 1st will be issued a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date is Tuesday, April 1st. Andersons’s dividend payout ratio (DPR) is presently 23.49%.

Insiders Place Their Bets

In other Andersons news, VP Weston Heide sold 800 shares of the company’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $48.00, for a total value of $38,400.00. Following the sale, the vice president now owns 16,104 shares in the company, valued at approximately $772,992. This represents a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 5.10% of the company’s stock.

Institutional Investors Weigh In On Andersons

A number of institutional investors have recently made changes to their positions in the company. Mackenzie Financial Corp grew its holdings in shares of Andersons by 228.3% during the fourth quarter. Mackenzie Financial Corp now owns 14,480 shares of the basic materials company’s stock valued at $587,000 after buying an additional 10,069 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Andersons during the fourth quarter valued at approximately $973,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Andersons by 15.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 92,692 shares of the basic materials company’s stock valued at $3,756,000 after buying an additional 12,430 shares during the last quarter. Voloridge Investment Management LLC purchased a new stake in shares of Andersons during the fourth quarter valued at approximately $8,651,000. Finally, Vident Advisory LLC grew its holdings in shares of Andersons by 16.5% during the fourth quarter. Vident Advisory LLC now owns 10,984 shares of the basic materials company’s stock valued at $445,000 after buying an additional 1,554 shares during the last quarter. Hedge funds and other institutional investors own 87.06% of the company’s stock.

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.