Andersons (NASDAQ:ANDE) Reaches New 1-Year High at $59.15

The Andersons, Inc. (NASDAQ:ANDE - Get Free Report) shares reached a new 52-week high on Monday . The company traded as high as $59.15 and last traded at $58.78, with a volume of 42425 shares. The stock had previously closed at $58.23.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ANDE. Roth Capital reissued a "buy" rating and issued a $65.00 target price on shares of Andersons in a research note on Tuesday, February 6th. StockNews.com raised shares of Andersons from a "hold" rating to a "buy" rating in a research report on Thursday, January 11th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $62.50.

Andersons Price Performance

The company has a current ratio of 1.72, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37. The company's fifty day moving average is $55.44 and its two-hundred day moving average is $53.50. The stock has a market cap of $2.01 billion, a price-to-earnings ratio of 20.05 and a beta of 0.68.

Andersons (NASDAQ:ANDE - Get Free Report) last posted its earnings results on Wednesday, February 21st. The basic materials company reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.48. Andersons had a net margin of 0.69% and a return on equity of 8.19%. The firm had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $4.26 billion. During the same quarter last year, the firm earned $0.98 EPS. The firm's revenue for the quarter was down 31.3% on a year-over-year basis. As a group, research analysts predict that The Andersons, Inc. will post 2.54 earnings per share for the current year.

Andersons Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 22nd. Shareholders of record on Monday, April 1st will be paid a $0.19 dividend. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $0.76 annualized dividend and a dividend yield of 1.29%. Andersons's dividend payout ratio (DPR) is 25.85%.

Insiders Place Their Bets

In other Andersons news, CEO Patrick E. Bowe sold 1,338 shares of the business's stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $55.12, for a total value of $73,750.56. Following the completion of the transaction, the chief executive officer now owns 89,315 shares in the company, valued at $4,923,042.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Andersons news, CEO Patrick E. Bowe sold 1,338 shares of the business's stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $55.12, for a total value of $73,750.56. Following the completion of the transaction, the chief executive officer now owns 89,315 shares in the company, valued at $4,923,042.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Patrick E. Bowe sold 34,597 shares of the business's stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $55.46, for a total transaction of $1,918,749.62. Following the transaction, the chief executive officer now owns 83,515 shares of the company's stock, valued at approximately $4,631,741.90. The disclosure for this sale can be found here. Insiders sold a total of 38,858 shares of company stock worth $2,153,845 over the last 90 days. Corporate insiders own 5.10% of the company's stock.

Hedge Funds Weigh In On Andersons

Institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Andersons by 1.2% in the third quarter. Vanguard Group Inc. now owns 3,971,447 shares of the basic materials company's stock valued at $204,569,000 after acquiring an additional 47,494 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Andersons by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,818,680 shares of the basic materials company's stock valued at $162,189,000 after acquiring an additional 46,203 shares during the last quarter. Pacer Advisors Inc. lifted its position in Andersons by 64.5% in the fourth quarter. Pacer Advisors Inc. now owns 2,314,734 shares of the basic materials company's stock valued at $133,190,000 after acquiring an additional 907,734 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Andersons by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 683,933 shares of the basic materials company's stock valued at $39,354,000 after acquiring an additional 18,482 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in Andersons by 68.2% in the third quarter. American Century Companies Inc. now owns 412,868 shares of the basic materials company's stock valued at $21,267,000 after acquiring an additional 167,473 shares during the last quarter. Institutional investors and hedge funds own 87.06% of the company's stock.

Andersons Company Profile

The Andersons, Inc operates in trade, renewables, and nutrient and industrial sectors in the United States, Canada, Mexico, Egypt, Switzerland, and internationally. It operates through three segments: Trade, Renewables, and Nutrient & Industrial. The company's Trade segment operates grain elevators; stores commodities; and provides grain marketing, risk management, and origination services, as well as sells commodities, such as corn, soybeans, wheat, oats, ethanol, and corn oil.