Andersons (ANDE) Lifted to Buy at BidaskClub

BidaskClub upgraded shares of Andersons (NASDAQ:ANDE) from a hold rating to a buy rating in a research note issued to investors on Monday morning.

ANDE has been the topic of a number of other reports. Zacks Investment Research lowered shares of Andersons from a strong-buy rating to a hold rating in a research report on Tuesday, October 16th. ValuEngine raised shares of Andersons from a hold rating to a buy rating in a research report on Tuesday, October 30th. Finally, TheStreet lowered shares of Andersons from a b- rating to a c rating in a research report on Thursday, November 8th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $41.33.

Shares of NASDAQ ANDE opened at $34.45 on Monday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.56 and a current ratio of 1.27. The stock has a market cap of $966.45 million, a PE ratio of 29.96 and a beta of 1.11. Andersons has a 12-month low of $27.62 and a 12-month high of $41.70.

Andersons (NASDAQ:ANDE) last announced its earnings results on Monday, November 5th. The basic materials company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.18). The business had revenue of $685.60 million for the quarter, compared to analysts’ expectations of $839.00 million. Andersons had a net margin of 2.66% and a return on equity of 4.05%. The firm’s quarterly revenue was down 18.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.09 earnings per share. As a group, sell-side analysts expect that Andersons will post 1.69 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 23rd. Investors of record on Wednesday, January 2nd will be given a $0.17 dividend. This is a positive change from Andersons’s previous quarterly dividend of $0.17. This represents a $0.68 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend is Monday, December 31st. Andersons’s dividend payout ratio is 59.13%.

In other news, insider Michael S. Irmen sold 5,564 shares of the firm’s stock in a transaction that occurred on Wednesday, November 28th. The shares were sold at an average price of $33.45, for a total transaction of $186,115.80. Following the transaction, the insider now directly owns 6,453 shares of the company’s stock, valued at $215,852.85. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Stephen F. Dowdle bought 2,000 shares of Andersons stock in a transaction dated Wednesday, November 7th. The shares were bought at an average cost of $32.95 per share, for a total transaction of $65,900.00. Following the completion of the transaction, the director now owns 1,763 shares of the company’s stock, valued at approximately $58,090.85. The disclosure for this purchase can be found here. Corporate insiders own 5.50% of the company’s stock.

Several large investors have recently modified their holdings of ANDE. Walthausen & Co. LLC purchased a new position in shares of Andersons during the third quarter worth approximately $15,169,000. BlackRock Inc. increased its position in shares of Andersons by 7.0% during the second quarter. BlackRock Inc. now owns 3,694,138 shares of the basic materials company’s stock worth $126,339,000 after acquiring an additional 240,683 shares during the period. Morgan Stanley increased its position in shares of Andersons by 72.0% during the third quarter. Morgan Stanley now owns 160,804 shares of the basic materials company’s stock worth $6,055,000 after acquiring an additional 67,288 shares during the period. Vanguard Group Inc increased its position in shares of Andersons by 2.0% during the third quarter. Vanguard Group Inc now owns 2,885,994 shares of the basic materials company’s stock worth $108,657,000 after acquiring an additional 56,319 shares during the period. Finally, Vanguard Group Inc. increased its position in shares of Andersons by 2.0% during the third quarter. Vanguard Group Inc. now owns 2,885,994 shares of the basic materials company’s stock worth $108,657,000 after acquiring an additional 56,319 shares during the period. 80.09% of the stock is currently owned by institutional investors and hedge funds.

About Andersons

The Andersons, Inc, an agriculture company, operates in the grain, ethanol, plant nutrient, and rail sectors in the United States and internationally. The company's Grain segment operates grain elevators; stores grains; and provides grain marketing, risk management, and corn origination services to its customers and affiliated ethanol facilities.

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