Andersons (NASDAQ:ANDE) Sets New 1-Year Low - What's Next?

The Andersons, Inc. (NASDAQ:ANDE - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $44.40 and last traded at $44.50, with a volume of 23109 shares trading hands. The stock had previously closed at $45.82.

Analyst Ratings Changes

Separately, StockNews.com raised Andersons from a "hold" rating to a "buy" rating in a research report on Thursday, October 24th.

Andersons Price Performance

The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 14.57 and a beta of 0.60. The company has a 50-day simple moving average of $48.45 and a two-hundred day simple moving average of $50.25. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.44 and a current ratio of 2.07.

Andersons (NASDAQ:ANDE - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The basic materials company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.37. The firm had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.90 billion. Andersons had a return on equity of 6.99% and a net margin of 0.83%. The business's quarterly revenue was down 27.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.13 EPS.

Andersons Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 1st were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.75%. The ex-dividend date of this dividend was Tuesday, October 1st. Andersons's dividend payout ratio (DPR) is 25.50%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Russell Investments Group Ltd. increased its holdings in shares of Andersons by 2.2% during the 1st quarter. Russell Investments Group Ltd. now owns 10,834 shares of the basic materials company's stock worth $622,000 after acquiring an additional 235 shares during the last quarter. SummerHaven Investment Management LLC increased its holdings in shares of Andersons by 1.8% during the 2nd quarter. SummerHaven Investment Management LLC now owns 16,116 shares of the basic materials company's stock worth $799,000 after acquiring an additional 289 shares during the last quarter. Creative Planning increased its holdings in shares of Andersons by 6.2% during the 3rd quarter. Creative Planning now owns 5,261 shares of the basic materials company's stock worth $264,000 after acquiring an additional 309 shares during the last quarter. Louisiana State Employees Retirement System increased its holdings in shares of Andersons by 2.6% during the 2nd quarter. Louisiana State Employees Retirement System now owns 16,000 shares of the basic materials company's stock worth $794,000 after acquiring an additional 400 shares during the last quarter. Finally, Inspire Advisors LLC increased its holdings in shares of Andersons by 11.8% during the 3rd quarter. Inspire Advisors LLC now owns 4,547 shares of the basic materials company's stock worth $228,000 after acquiring an additional 480 shares during the last quarter. 87.06% of the stock is owned by institutional investors and hedge funds.

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.