Andersons (NASDAQ:ANDE) Stock Price Crosses Above 200-Day Moving Average - What's Next?

Key Points

• Technical breakout: ANDE shares crossed above their 200-day moving average (200-day MA $57.50) and last traded around $70.63, trading as high as $72.67, with the 50-day MA at $69.00.
• Mixed fundamentals and analyst view: The company beat EPS expectations ($2.04 vs. $1.56) despite an 18.8% YoY revenue decline, and analysts hold a consensus "Moderate Buy" (three Buys, one Hold) with an average target of $68.33 and BMO raising its target to $75.00.
• Corporate moves: Andersons declared a $0.20 quarterly dividend (annualized $0.80, ~1.1% yield) while insiders have been net sellers recently (44,299 shares sold over three months), and institutional ownership remains high at ~87%.

The Andersons, Inc. (NASDAQ:ANDE - Get Free Report)'s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $57.50 and traded as high as $72.67. Andersons shares last traded at $70.63, with a volume of 229,042 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on ANDE shares. Wall Street Zen cut shares of Andersons from a "buy" rating to a "hold" rating in a research report on Saturday, March 14th. Benchmark reaffirmed a "buy" rating on shares of Andersons in a research report on Wednesday, February 18th. BMO Capital Markets upped their price target on shares of Andersons from $65.00 to $75.00 and gave the stock an "outperform" rating in a research report on Thursday, February 19th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Andersons in a research report on Wednesday, January 21st. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Andersons currently has a consensus rating of "Moderate Buy" and an average target price of $68.33.

Andersons Price Performance

The stock's 50-day moving average is $69.00 and its 200 day moving average is $57.50. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.41 and a quick ratio of 0.60. The company has a market cap of $2.41 billion, a PE ratio of 25.23 and a beta of 0.68.

Andersons (NASDAQ:ANDE - Get Free Report) last posted its earnings results on Tuesday, February 17th. The basic materials company reported $2.04 EPS for the quarter, beating analysts' consensus estimates of $1.56 by $0.48. Andersons had a net margin of 0.87% and a return on equity of 7.76%. The company had revenue of $2.54 billion during the quarter, compared to analysts' expectations of $2.69 billion. During the same quarter in the prior year, the company posted $1.31 earnings per share. Andersons's revenue for the quarter was down 18.8% compared to the same quarter last year. On average, equities analysts anticipate that The Andersons, Inc. will post 3.11 earnings per share for the current fiscal year.

Andersons Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 22nd. Investors of record on Wednesday, April 1st will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $0.80 dividend on an annualized basis and a yield of 1.1%. Andersons's dividend payout ratio is presently 28.57%.

Insider Activity

In related news, Director Patrick E. Bowe sold 15,000 shares of the stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $74.33, for a total transaction of $1,114,950.00. Following the completion of the sale, the director owned 129,875 shares of the company's stock, valued at $9,653,608.75. This represents a 10.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Brian K. Walz sold 8,975 shares of the stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $70.74, for a total transaction of $634,891.50. Following the sale, the vice president directly owned 11,913 shares of the company's stock, valued at $842,725.62. The trade was a 42.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 44,299 shares of company stock worth $3,166,721. 4.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ANDE. AQR Capital Management LLC increased its stake in Andersons by 5.5% during the 1st quarter. AQR Capital Management LLC now owns 40,727 shares of the basic materials company's stock valued at $1,748,000 after purchasing an additional 2,137 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Andersons by 4.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,425 shares of the basic materials company's stock valued at $834,000 after purchasing an additional 866 shares in the last quarter. Cetera Investment Advisers acquired a new position in Andersons during the 2nd quarter valued at approximately $257,000. XTX Topco Ltd acquired a new position in Andersons during the 2nd quarter valued at approximately $201,000. Finally, Norges Bank acquired a new position in Andersons during the 2nd quarter valued at approximately $1,036,000. Institutional investors and hedge funds own 87.06% of the company's stock.

Andersons Company Profile

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.

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