Andersons (NASDAQ:ANDE) Hits New 12-Month High at $59.15

The Andersons, Inc. (NASDAQ:ANDE) reached a new 52-week high during trading on Monday . The company traded as high as $59.15 and last traded at $58.78, with a volume of 42425 shares changing hands. The stock had previously closed at $58.23.

Analysts Set New Price Targets

ANDE has been the topic of a number of recent analyst reports. Roth Capital reaffirmed a “buy” rating and issued a $65.00 target price on shares of Andersons in a research report on Tuesday, February 6th. StockNews.com raised shares of Andersons from a “hold” rating to a “buy” rating in a research report on Thursday, January 11th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $62.50.

Andersons Price Performance

The firm has a market cap of $2.06 billion, a price-to-earnings ratio of 20.55 and a beta of 0.68. The company has a quick ratio of 1.00, a current ratio of 1.72 and a debt-to-equity ratio of 0.37. The company’s 50-day moving average price is $55.61 and its 200-day moving average price is $53.57.

Andersons (NASDAQ:ANDE) last issued its quarterly earnings results on Wednesday, February 21st. The basic materials company reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.48. The business had revenue of $3.21 billion for the quarter, compared to analysts’ expectations of $4.26 billion. Andersons had a net margin of 0.69% and a return on equity of 8.19%. The business’s quarterly revenue was down 31.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.98 earnings per share. On average, equities research analysts forecast that The Andersons, Inc. will post 2.54 EPS for the current year.

Andersons Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Monday, April 1st were issued a $0.19 dividend. The ex-dividend date was Thursday, March 28th. This represents a $0.76 annualized dividend and a yield of 1.26%. Andersons’s dividend payout ratio (DPR) is 25.85%.

Insider Activity at Andersons

In related news, CEO Patrick E. Bowe sold 34,597 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $55.46, for a total value of $1,918,749.62. Following the sale, the chief executive officer now owns 83,515 shares of the company’s stock, valued at $4,631,741.90. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Patrick E. Bowe sold 1,338 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $55.12, for a total value of $73,750.56. Following the sale, the chief executive officer now owns 89,315 shares of the company’s stock, valued at $4,923,042.80. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Patrick E. Bowe sold 34,597 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $55.46, for a total transaction of $1,918,749.62. Following the completion of the sale, the chief executive officer now directly owns 83,515 shares in the company, valued at approximately $4,631,741.90. The disclosure for this sale can be found here. Insiders have sold a total of 38,858 shares of company stock valued at $2,153,845 over the last 90 days. 5.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Andersons

Several hedge funds have recently added to or reduced their stakes in the stock. SummerHaven Investment Management LLC increased its stake in Andersons by 1.3% in the fourth quarter. SummerHaven Investment Management LLC now owns 15,650 shares of the basic materials company’s stock valued at $901,000 after purchasing an additional 200 shares during the last quarter. GAMMA Investing LLC increased its stake in Andersons by 65.8% in the first 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 during the last quarter. Cornercap Investment Counsel Inc. increased its stake in Andersons by 1.6% in the fourth quarter. Cornercap Investment Counsel Inc. now owns 13,790 shares of the basic materials company’s stock valued at $793,000 after purchasing an additional 222 shares during the last quarter. Corton Capital Inc. increased its stake in Andersons by 2.3% in the third quarter. Corton Capital Inc. now owns 12,329 shares of the basic materials company’s stock valued at $635,000 after purchasing an additional 283 shares during the last quarter. Finally, Summit Place Financial Advisors LLC increased its stake in Andersons by 1.4% in the fourth quarter. Summit Place Financial Advisors LLC now owns 20,380 shares of the basic materials company’s stock valued at $1,173,000 after purchasing an additional 285 shares during the last quarter. 87.06% of the stock is currently owned by hedge funds and other institutional investors.

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.