Andersons (NASDAQ:ANDE) Stock Rating Upgraded by StockNews.com

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

Separately, Stephens reissued an “overweight” rating and issued a $60.00 target price on shares of Andersons in a research report on Thursday, January 2nd.

Andersons Trading Down 0.6 %

NASDAQ ANDE opened at $40.55 on Wednesday. Andersons has a fifty-two week low of $39.25 and a fifty-two week high of $61.46. The stock has a market cap of $1.38 billion, a P/E ratio of 11.59 and a beta of 0.58. The stock has a 50 day simple moving average of $42.02 and a two-hundred day simple moving average of $46.22. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.23 and a current ratio of 1.98.

Andersons Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 1st will be given a $0.195 dividend. This represents a $0.78 annualized dividend and a dividend yield of 1.92%. The ex-dividend date is Tuesday, April 1st. Andersons’s dividend payout ratio is currently 22.29%.

Insider Buying and Selling at Andersons

In other Andersons news, insider Joseph E. Mcneely sold 2,382 shares of Andersons stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $47.73, for a total transaction of $113,692.86. Following the completion of the transaction, the insider now owns 49,601 shares in the company, valued at approximately $2,367,455.73. The trade was a 4.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ANDE. Charles Schwab Investment Management Inc. raised its stake in Andersons by 23.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 652,579 shares of the basic materials company’s stock valued at $32,720,000 after buying an additional 124,468 shares during the last quarter. Intech Investment Management LLC raised its stake in Andersons by 221.3% during the fourth quarter. Intech Investment Management LLC now owns 135,678 shares of the basic materials company’s stock valued at $5,498,000 after buying an additional 93,453 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Andersons by 7.8% in the fourth quarter. American Century Companies Inc. now owns 1,166,781 shares of the basic materials company’s stock worth $47,278,000 after purchasing an additional 84,133 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Andersons by 150.2% in the fourth quarter. Wellington Management Group LLP now owns 139,626 shares of the basic materials company’s stock worth $5,658,000 after purchasing an additional 83,817 shares during the last quarter. Finally, Wedge Capital Management L L P NC purchased a new position in shares of Andersons in the fourth quarter worth $2,744,000. 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.