Andersons (NASDAQ:ANDE) Sets New 12-Month Low at $18.02

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Andersons Inc (NASDAQ:ANDE)’s share price hit a new 52-week low on Tuesday . The company traded as low as $18.02 and last traded at $18.18, with a volume of 411 shares traded. The stock had previously closed at $18.22.

ANDE has been the subject of a number of analyst reports. Stephens initiated coverage on shares of Andersons in a research report on Monday, October 7th. They issued an “equal weight” rating and a $21.00 price objective for the company. BidaskClub downgraded shares of Andersons from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $25.50.

The business’s 50-day simple moving average is $22.98 and its two-hundred day simple moving average is $27.09. The firm has a market cap of $607.66 million, a price-to-earnings ratio of 11.51 and a beta of 1.22. The company has a quick ratio of 0.78, a current ratio of 1.36 and a debt-to-equity ratio of 1.03.

Andersons (NASDAQ:ANDE) last released its quarterly earnings results on Tuesday, August 6th. The basic materials company reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.31. Andersons had a net margin of 0.64% and a return on equity of 5.29%. The firm had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.37 billion. During the same quarter in the prior year, the firm earned $0.76 EPS. The company’s revenue for the quarter was up 155.1% on a year-over-year basis.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 22nd. Investors of record on Tuesday, October 1st will be given a dividend of $0.17 per share. The ex-dividend date is Monday, September 30th. This represents a $0.68 annualized dividend and a dividend yield of 3.74%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in ANDE. BlackRock Inc. raised its position in shares of Andersons by 5.7% during the 2nd quarter. BlackRock Inc. now owns 4,177,682 shares of the basic materials company’s stock worth $113,801,000 after purchasing an additional 225,673 shares during the last quarter. Heartland Advisors Inc. acquired a new stake in Andersons in the 2nd quarter valued at about $3,405,000. Deprince Race & Zollo Inc. raised its holdings in Andersons by 14.1% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 991,637 shares of the basic materials company’s stock valued at $27,012,000 after acquiring an additional 122,490 shares during the last quarter. Nuveen Asset Management LLC acquired a new stake in Andersons in the 2nd quarter valued at about $3,140,000. Finally, Penn Capital Management Co. Inc. raised its holdings in Andersons by 343.0% in the 2nd quarter. Penn Capital Management Co. Inc. now owns 110,399 shares of the basic materials company’s stock valued at $3,007,000 after acquiring an additional 85,478 shares during the last quarter. Hedge funds and other institutional investors own 75.80% of the company’s stock.

About Andersons (NASDAQ:ANDE)

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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