Andersons (NASDAQ:ANDE) Reaches New 12-Month Low - Should You Sell?

The Andersons, Inc. (NASDAQ:ANDE - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $37.62 and last traded at $38.61, with a volume of 409266 shares traded. The stock had previously closed at $41.34.

Analyst Upgrades and Downgrades

ANDE has been the subject of a number of research reports. StockNews.com cut shares of Andersons from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Stephens restated an "overweight" rating and issued a $55.00 price objective on shares of Andersons in a research report on Wednesday, February 19th.

Andersons Stock Down 4.2 %

The firm's 50 day moving average is $41.91 and its 200-day moving average is $44.30. The firm has a market cap of $1.27 billion, a PE ratio of 11.23 and a beta of 0.55. The company has a quick ratio of 0.90, a current ratio of 1.65 and a debt-to-equity ratio of 0.38.

Andersons (NASDAQ:ANDE - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The basic materials company reported $1.36 earnings per share for the quarter, topping analysts' consensus estimates of $1.02 by $0.34. Andersons had a return on equity of 7.59% and a net margin of 1.01%. The company had revenue of $3.12 billion for the quarter, compared to analyst estimates of $2.72 billion. As a group, equities research analysts expect that The Andersons, Inc. will post 3.11 earnings per share for the current fiscal year.

Andersons Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Tuesday, April 1st will be given a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend is Tuesday, April 1st. Andersons's dividend payout ratio (DPR) is 23.49%.

Insider Activity at Andersons

In other Andersons news, VP Weston Heide sold 800 shares of the business's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $48.00, for a total transaction of $38,400.00. Following the transaction, the vice president now owns 16,104 shares in the company, valued at $772,992. The trade was a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Andersons

Hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets raised its stake in shares of Andersons by 46.6% during the third quarter. BNP Paribas Financial Markets now owns 15,867 shares of the basic materials company's stock valued at $796,000 after purchasing an additional 5,041 shares during the period. State Street Corp grew its stake in Andersons by 2.2% during the 3rd quarter. State Street Corp now owns 1,337,344 shares of the basic materials company's stock valued at $67,054,000 after purchasing an additional 28,773 shares in the last quarter. Wellington Management Group LLP purchased a new stake in Andersons during the 3rd quarter worth approximately $2,798,000. EP Wealth Advisors LLC acquired a new position in shares of Andersons in the 3rd quarter valued at approximately $253,000. Finally, Barclays PLC grew its position in shares of Andersons by 347.7% during the third quarter. Barclays PLC now owns 54,358 shares of the basic materials company's stock worth $2,725,000 after buying an additional 42,217 shares in the last quarter. 87.06% of the stock is currently owned by hedge funds and other institutional investors.

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.