Andersons (NASDAQ:ANDE) Shares Up 5.1%

Shares of Andersons Inc (NASDAQ:ANDE) shot up 5.1% on Monday . The company traded as high as $23.37 and last traded at $23.16, 606,750 shares traded hands during trading. An increase of 356% from the average session volume of 132,981 shares. The stock had previously closed at $22.03.

Several brokerages have issued reports on ANDE. BidaskClub lowered Andersons from a “sell” rating to a “strong sell” rating in a report on Thursday, August 15th. Buckingham Research set a $30.00 price objective on Andersons and gave the company a “hold” rating in a report on Wednesday, June 5th. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. Andersons currently has a consensus rating of “Hold” and a consensus target price of $30.00.

The firm has a market cap of $755.02 million, a price-to-earnings ratio of 14.30 and a beta of 1.23. The firm’s 50-day moving average is $24.51 and its 200-day moving average is $29.04. The company has a current ratio of 1.36, a quick ratio of 0.78 and a debt-to-equity ratio of 1.03.

Andersons (NASDAQ:ANDE) last released its quarterly earnings data on Tuesday, August 6th. The basic materials company reported $0.98 earnings per share for the quarter, topping the Thomson Reuters’ 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 for the quarter, compared to the consensus estimate of $2.37 billion. During the same quarter in the prior year, the company posted $0.76 earnings per share. The business’s revenue was up 155.1% on a year-over-year basis.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 1st will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.56%. The ex-dividend date of this dividend is Monday, September 30th.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. lifted its position in Andersons by 5.7% in the 2nd quarter. BlackRock Inc. now owns 4,177,682 shares of the basic materials company’s stock valued at $113,801,000 after acquiring an additional 225,673 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Andersons by 2.0% in the second quarter. Vanguard Group Inc. now owns 3,350,320 shares of the basic materials company’s stock worth $91,263,000 after purchasing an additional 67,032 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Andersons by 2.5% in the second quarter. Victory Capital Management Inc. now owns 2,605,609 shares of the basic materials company’s stock worth $70,977,000 after purchasing an additional 64,150 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Andersons by 1.2% in the second quarter. Northern Trust Corp now owns 1,107,652 shares of the basic materials company’s stock valued at $30,172,000 after purchasing an additional 13,427 shares in the last quarter. Finally, Deprince Race & Zollo Inc. lifted its holdings in shares of Andersons by 14.1% in the second quarter. Deprince Race & Zollo Inc. now owns 991,637 shares of the basic materials company’s stock valued at $27,012,000 after purchasing an additional 122,490 shares in the last quarter. Institutional investors own 75.91% of the company’s stock.

Andersons Company Profile (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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