Andersons (NASDAQ:ANDE) Lifted to “Buy” at StockNews.com

StockNews.com upgraded shares of Andersons (NASDAQ:ANDE) from a hold rating to a buy rating in a research note published on Wednesday.

Andersons Price Performance

Shares of NASDAQ ANDE opened at $47.80 on Wednesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.44 and a current ratio of 2.07. The company’s fifty day moving average is $49.83 and its two-hundred day moving average is $52.40. Andersons has a one year low of $45.07 and a one year high of $61.46. The firm has a market capitalization of $1.63 billion, a P/E ratio of 13.50 and a beta of 0.57.

Andersons (NASDAQ:ANDE) last announced its earnings results on Tuesday, August 6th. The basic materials company reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.09 by ($0.04). Andersons had a net margin of 0.83% and a return on equity of 6.99%. The firm had revenue of $2.80 billion during the quarter, compared to analyst estimates of $3.20 billion. During the same period in the previous year, the firm posted $1.52 EPS. The company’s revenue for the quarter was down 30.5% compared to the same quarter last year.

Andersons Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 22nd. Investors of record on Tuesday, October 1st will be issued a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $0.76 annualized dividend and a yield of 1.59%. Andersons’s dividend payout ratio is currently 21.47%.

Hedge Funds Weigh In On Andersons

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC raised its position in shares of Andersons by 65.8% in the 1st quarter. GAMMA Investing LLC now owns 524 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 208 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Andersons by 2.2% in the 1st quarter. Russell Investments Group Ltd. now owns 10,834 shares of the basic materials company’s stock worth $622,000 after acquiring an additional 235 shares during the period. Summit Place Financial Advisors LLC boosted its stake in Andersons by 1.2% during the 1st quarter. Summit Place Financial Advisors LLC now owns 20,616 shares of the basic materials company’s stock valued at $1,183,000 after purchasing an additional 236 shares in the last quarter. SummerHaven Investment Management LLC boosted its stake in Andersons by 1.8% during the second quarter. SummerHaven Investment Management LLC now owns 16,116 shares of the basic materials company’s stock valued at $799,000 after buying an additional 289 shares in the last quarter. Finally, Louisiana State Employees Retirement System grew its stake in shares of Andersons by 2.6% in the 2nd quarter. Louisiana State Employees Retirement System now owns 16,000 shares of the basic materials company’s stock worth $794,000 after purchasing an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 87.06% of the company’s stock.

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.