Andersons (NASDAQ:ANDE) Rating Lowered to “Hold” at StockNews.com

StockNews.com cut shares of Andersons (NASDAQ:ANDE) from a buy rating to a hold rating in a research report report published on Tuesday morning.

Andersons Stock Performance

Shares of NASDAQ:ANDE opened at $43.41 on Tuesday. The business has a 50-day moving average of $48.45 and a two-hundred day moving average of $50.25. The firm has a market capitalization of $1.48 billion, a PE ratio of 14.57 and a beta of 0.60. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.07 and a quick ratio of 1.44. Andersons has a 12 month low of $41.76 and a 12 month high of $61.46.

Andersons (NASDAQ:ANDE) last posted its earnings results on Monday, November 4th. The basic materials company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.37. The firm had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.90 billion. Andersons had a net margin of 0.83% and a return on equity of 6.99%. The company’s revenue was down 27.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.13 EPS.

Andersons Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 1st were given a dividend of $0.19 per share. The ex-dividend date was Tuesday, October 1st. This represents a $0.76 dividend on an annualized basis and a yield of 1.75%. Andersons’s dividend payout ratio (DPR) is 25.50%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. nVerses Capital LLC purchased a new stake in shares of Andersons in the second quarter worth about $25,000. Larson Financial Group LLC purchased a new position in Andersons in the 1st quarter worth approximately $57,000. Innealta Capital LLC purchased a new stake in shares of Andersons during the second quarter valued at approximately $57,000. EverSource Wealth Advisors LLC lifted its position in shares of Andersons by 323.4% during the first quarter. EverSource Wealth Advisors LLC now owns 1,084 shares of the basic materials company’s stock worth $60,000 after purchasing an additional 828 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Andersons in the first quarter valued at $193,000. 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.