BidaskClub Lowers The Andersons (ANDE) to Sell

BidaskClub lowered shares of The Andersons (NASDAQ:ANDE) from a hold rating to a sell rating in a report released on Tuesday morning.

ANDE has been the subject of several other reports. ValuEngine lowered The Andersons from a buy rating to a hold rating in a report on Monday. TheStreet raised The Andersons from a c+ rating to a b rating in a report on Wednesday, March 21st. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company. The company currently has an average rating of Hold and an average price target of $34.50.

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Shares of ANDE stock traded up $0.05 during trading on Tuesday, hitting $32.95. The company’s stock had a trading volume of 3,627 shares, compared to its average volume of 137,199. The firm has a market cap of $934.05, a PE ratio of 28.61 and a beta of 1.17. The company has a quick ratio of 0.47, a current ratio of 1.35 and a debt-to-equity ratio of 0.51. The Andersons has a 52 week low of $29.60 and a 52 week high of $39.35.

The Andersons (NASDAQ:ANDE) last released its earnings results on Wednesday, February 14th. The basic materials company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.20. The company had revenue of $1 billion during the quarter, compared to analyst estimates of $1.21 billion. The Andersons had a return on equity of 4.83% and a net margin of 1.12%. The Andersons’s quarterly revenue was down 9.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.36 earnings per share. research analysts expect that The Andersons will post 1.94 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 23rd. Investors of record on Monday, April 2nd will be paid a $0.165 dividend. The ex-dividend date is Thursday, March 29th. This represents a $0.66 annualized dividend and a yield of 2.00%. The Andersons’s payout ratio is 57.39%.

In other The Andersons news, Director Rasesh H. Shah sold 9,000 shares of the stock in a transaction on Monday, March 19th. The stock was sold at an average price of $34.50, for a total transaction of $310,500.00. Following the sale, the director now owns 24,728 shares in the company, valued at $853,116. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Naran Uchur Burchinow sold 2,200 shares of the stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $35.95, for a total value of $79,090.00. Following the sale, the vice president now owns 26,963 shares in the company, valued at approximately $969,319.85. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,000 shares of company stock worth $1,143,430. 5.50% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the business. SG Americas Securities LLC increased its stake in The Andersons by 82.7% in the third quarter. SG Americas Securities LLC now owns 5,498 shares of the basic materials company’s stock valued at $188,000 after acquiring an additional 2,489 shares during the last quarter. Teacher Retirement System of Texas bought a new position in The Andersons in the fourth quarter valued at $284,000. Stone Ridge Asset Management LLC bought a new position in The Andersons in the fourth quarter valued at $323,000. MetLife Investment Advisors LLC bought a new position in The Andersons in the fourth quarter valued at $413,000. Finally, Crossmark Global Holdings Inc. increased its stake in The Andersons by 32.1% in the fourth quarter. Crossmark Global Holdings Inc. now owns 13,695 shares of the basic materials company’s stock valued at $427,000 after acquiring an additional 3,330 shares during the last quarter. Hedge funds and other institutional investors own 77.71% of the company’s stock.

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About The 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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