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Separately, Stephens initiated coverage on shares of Andersons in a research note on Monday, October 7th. They set an equal weight rating and a $21.00 target price on the stock. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Andersons has an average rating of Hold and a consensus price target of $24.00.
Shares of NASDAQ ANDE traded down $0.14 during midday trading on Wednesday, hitting $21.09. 217,000 shares of the company’s stock were exchanged, compared to its average volume of 168,810. The stock’s 50 day moving average price is $20.26 and its 200-day moving average price is $25.36. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.36 and a quick ratio of 0.78. Andersons has a twelve month low of $17.40 and a twelve month high of $38.23. The firm has a market cap of $637.66 million, a P/E ratio of 12.94 and a beta of 1.18.
Andersons (NASDAQ:ANDE) last announced its earnings results on Tuesday, November 5th. The basic materials company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.12). Andersons had a net margin of 0.49% and a return on equity of 5.25%. The firm had revenue of $1.98 billion for the quarter, compared to analyst estimates of $2.10 billion. During the same period last year, the firm earned $0.02 earnings per share. Andersons’s revenue for the quarter was up 189.2% compared to the same quarter last year. On average, analysts expect that Andersons will post 0.65 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 1st were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 3.22%. The ex-dividend date was Monday, September 30th. Andersons’s dividend payout ratio (DPR) is currently 41.72%.
A number of large investors have recently made changes to their positions in the business. Quantamental Technologies LLC acquired a new position in shares of Andersons in the second quarter worth $28,000. Tower Research Capital LLC TRC increased its stake in shares of Andersons by 529.3% in the third quarter. Tower Research Capital LLC TRC now owns 2,171 shares of the basic materials company’s stock worth $49,000 after acquiring an additional 1,826 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in shares of Andersons in the third quarter worth $177,000. Municipal Employees Retirement System of Michigan increased its stake in shares of Andersons by 24.3% in the third quarter. Municipal Employees Retirement System of Michigan now owns 9,780 shares of the basic materials company’s stock worth $219,000 after acquiring an additional 1,910 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in shares of Andersons by 11.1% in the third quarter. Envestnet Asset Management Inc. now owns 10,381 shares of the basic materials company’s stock worth $233,000 after acquiring an additional 1,035 shares during the last quarter. 75.75% of the stock is currently owned by institutional investors.
Andersons Company Profile
The Andersons, Inc, an agriculture company, operates in the grain, ethanol, plant nutrient, and rail sectors in the United States and internationally. The company's Grain segment operates grain elevators; stores grains; and provides grain marketing, risk management, and corn origination services to its customers and affiliated ethanol facilities.
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