Andersons (NASDAQ:ANDE) Shares Gap Down – Here’s What Happened
by Renee Jackson · The Cerbat GemThe Andersons, Inc. (NASDAQ:ANDE – Get Free Report) shares gapped down before the market opened on Thursday . The stock had previously closed at $73.27, but opened at $70.27. Andersons shares last traded at $70.4990, with a volume of 7,217 shares.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Andersons in a research note on Wednesday, January 21st. Benchmark reissued a “buy” rating on shares of Andersons in a research note on Wednesday, February 18th. BMO Capital Markets increased their target price on Andersons from $65.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, February 19th. Finally, Wall Street Zen lowered Andersons from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $68.33.
Check Out Our Latest Stock Analysis on Andersons
Andersons Trading Down 0.4%
The company has a 50 day moving average of $69.00 and a 200-day moving average of $57.50. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.60 and a current ratio of 1.41. The stock has a market cap of $2.39 billion, a price-to-earnings ratio of 25.12 and a beta of 0.68.
Andersons (NASDAQ:ANDE – Get Free Report) last issued its quarterly earnings results on Tuesday, February 17th. The basic materials company reported $2.04 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.48. Andersons had a return on equity of 7.76% and a net margin of 0.87%.The company had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.69 billion. During the same quarter in the prior year, the business earned $1.31 EPS. Andersons’s revenue was down 18.8% on a year-over-year basis. On average, research analysts anticipate that The Andersons, Inc. will post 3.11 earnings per share for the current year.
Andersons Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 1st will be issued a dividend of $0.20 per share. The ex-dividend date is Wednesday, April 1st. This represents a $0.80 annualized dividend and a yield of 1.1%. Andersons’s dividend payout ratio is 28.57%.
Insider Buying and Selling
In other Andersons news, VP Anne G. Rex sold 2,624 shares of the company’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $65.16, for a total transaction of $170,979.84. Following the sale, the vice president owned 23,829 shares in the company, valued at $1,552,697.64. This represents a 9.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Brian K. Walz sold 8,975 shares of the company’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $70.74, for a total value of $634,891.50. Following the sale, the vice president owned 11,913 shares in the company, valued at approximately $842,725.62. This trade represents a 42.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 44,299 shares of company stock worth $3,166,721 in the last quarter. Company insiders own 4.30% of the company’s stock.
Institutional Investors Weigh In On Andersons
Large investors have recently bought and sold shares of the stock. Uniplan Investment Counsel Inc. purchased a new stake in Andersons during the 4th quarter worth about $25,000. Wealth Enhancement Advisory Services LLC purchased a new stake in Andersons during the 3rd quarter worth about $30,000. Optima Capital LLC purchased a new stake in Andersons during the 4th quarter worth about $32,000. Larson Financial Group LLC increased its holdings in shares of Andersons by 33,600.0% in the 3rd quarter. Larson Financial Group LLC now owns 1,011 shares of the basic materials company’s stock valued at $40,000 after acquiring an additional 1,008 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its holdings in shares of Andersons by 95.2% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 820 shares of the basic materials company’s stock valued at $44,000 after acquiring an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 87.06% of the company’s stock.
About Andersons
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.