The Andersons, Inc. Declares Quarterly Dividend of $0.20 (NASDAQ:ANDE)

The Andersons, Inc. (NASDAQ:ANDE - Get Free Report) declared a quarterly dividend on Thursday, June 19th, RTT News reports. Stockholders of record on Tuesday, July 1st will be given a dividend of 0.195 per share by the basic materials company on Tuesday, July 22nd. This represents a $0.78 annualized dividend and a dividend yield of 2.11%.

Andersons has a payout ratio of 26.9% indicating that its dividend is sufficiently covered by earnings.

Andersons Stock Performance

Shares of ANDE traded down $0.30 during trading hours on Thursday, hitting $36.88. The stock had a trading volume of 329,663 shares, compared to its average volume of 268,233. The firm has a market capitalization of $1.26 billion, a PE ratio of 11.63 and a beta of 0.76. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.76 and a quick ratio of 0.89. Andersons has a 12 month low of $31.03 and a 12 month high of $55.52. The stock has a fifty day moving average price of $36.14 and a 200 day moving average price of $40.15.

Andersons (NASDAQ:ANDE - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.08) by $0.20. Andersons had a return on equity of 7.35% and a net margin of 0.97%. The business had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.85 billion. During the same period in the previous year, the company posted $0.16 EPS. The business's quarterly revenue was down 2.3% compared to the same quarter last year. Analysts anticipate that Andersons will post 3.11 EPS for the current year.

Institutional Trading of Andersons

A hedge fund recently raised its stake in Andersons stock. AQR Capital Management LLC boosted its holdings in The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 5.5% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 40,727 shares of the basic materials company's stock after buying an additional 2,137 shares during the period. AQR Capital Management LLC owned 0.12% of Andersons worth $1,748,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 87.06% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on ANDE shares. Wall Street Zen cut shares of Andersons from a "buy" rating to a "hold" rating in a report on Thursday, May 15th. Lake Street Capital reduced their price objective on Andersons from $70.00 to $55.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Stephens reiterated an "overweight" rating and set a $55.00 target price on shares of Andersons in a research report on Wednesday, February 19th. Finally, BMO Capital Markets initiated coverage on Andersons in a report on Tuesday, May 6th. They set a "market perform" rating and a $45.00 price target for the company.

About Andersons

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.

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