Andersons (NASDAQ:ANDE) Share Price Crosses Above 200 Day Moving Average – Time to Sell?
by Renee Jackson · The Cerbat GemThe Andersons, Inc. (NASDAQ:ANDE – Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $43.18 and traded as high as $54.32. Andersons shares last traded at $53.47, with a volume of 247,197 shares.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on the company. BMO Capital Markets upgraded Andersons from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $50.00 to $65.00 in a research note on Wednesday, December 10th. Weiss Ratings restated a “hold (c)” rating on shares of Andersons in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $58.33.
View Our Latest Research Report on Andersons
Andersons Price Performance
The stock’s 50-day moving average is $50.84 and its 200 day moving average is $43.25. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.47 and a quick ratio of 0.80. The company has a market cap of $1.80 billion, a PE ratio of 24.85 and a beta of 0.79.
Andersons (NASDAQ:ANDE – Get Free Report) last posted its quarterly earnings data on Tuesday, November 4th. The basic materials company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.46 by $0.38. Andersons had a net margin of 0.63% and a return on equity of 5.83%. The business had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.85 billion. During the same period in the previous year, the firm posted $0.80 earnings per share. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, equities analysts anticipate that The Andersons, Inc. will post 3.11 earnings per share for the current fiscal year.
Andersons Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, January 23rd. Stockholders of record on Friday, January 2nd will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.5%. This is a boost from Andersons’s previous quarterly dividend of $0.20. The ex-dividend date is Friday, January 2nd. Andersons’s dividend payout ratio (DPR) is 36.45%.
Insider Transactions at Andersons
In other Andersons news, VP Anne G. Rex sold 3,000 shares of the company’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $51.36, for a total value of $154,080.00. Following the completion of the sale, the vice president directly owned 23,549 shares in the company, valued at $1,209,476.64. This represents a 11.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John T. Stout, Jr. sold 5,000 shares of the stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $55.00, for a total value of $275,000.00. Following the completion of the transaction, the director owned 25,941 shares of the company’s stock, valued at $1,426,755. The trade was a 16.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 20,500 shares of company stock valued at $1,076,205. 4.30% of the stock is owned by insiders.
Institutional Investors Weigh In On Andersons
Large investors have recently added to or reduced their stakes in the business. Amalgamated Bank boosted its stake in shares of Andersons by 3.9% in the 3rd quarter. Amalgamated Bank now owns 9,524 shares of the basic materials company’s stock valued at $379,000 after buying an additional 356 shares during the period. SummerHaven Investment Management LLC raised its holdings in Andersons by 2.2% in the second quarter. SummerHaven Investment Management LLC now owns 16,967 shares of the basic materials company’s stock valued at $624,000 after acquiring an additional 371 shares in the last quarter. Summit Place Financial Advisors LLC lifted its stake in Andersons by 1.7% in the third quarter. Summit Place Financial Advisors LLC now owns 23,032 shares of the basic materials company’s stock worth $917,000 after acquiring an additional 390 shares during the last quarter. Croban lifted its stake in Andersons by 1.6% in the second quarter. Croban now owns 25,026 shares of the basic materials company’s stock worth $920,000 after acquiring an additional 402 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in Andersons by 7.3% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 7,281 shares of the basic materials company’s stock worth $290,000 after acquiring an additional 493 shares in the last quarter. 87.06% of the stock is owned by hedge funds and other institutional investors.
Andersons Company Profile
The Andersons, Inc operates as a diversified agriculture company offering a broad range of products and services to farmers, retailers and industrial customers. Through its Grain Group, the company purchases, stores, merchandises and transports corn, soybeans and other commodities, while its Renewables Group produces ethanol and distillers grains at multiple plants in the U.S. The Rail Group provides locomotive leasing, railcar repair and related maintenance services, and the Horticulture Group supplies turf, specialty and horticultural products to landscaping professionals and consumer lawn and garden retailers.
Founded in 1947 and headquartered in Maumee, Ohio, The Andersons has grown from a regional grain elevator operator into an integrated agribusiness platform.