Andersons (NASDAQ:ANDE) Shares Up 5.3% - What's Next?

The Andersons, Inc. (NASDAQ:ANDE - Get Free Report) shot up 5.3% on Monday . The stock traded as high as $44.26 and last traded at $44.13. 36,411 shares were traded during mid-day trading, a decline of 82% from the average session volume of 205,961 shares. The stock had previously closed at $41.91.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ANDE. Stephens reiterated an "overweight" rating and set a $55.00 target price on shares of Andersons in a report on Wednesday, February 19th. StockNews.com downgraded Andersons from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th.

Andersons Price Performance

The company has a quick ratio of 0.90, a current ratio of 1.65 and a debt-to-equity ratio of 0.38. The business has a 50-day simple moving average of $42.55 and a two-hundred day simple moving average of $45.12. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 12.75 and a beta of 0.48.

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

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Andersons Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 1st will be paid a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date is Tuesday, April 1st. Andersons's dividend payout ratio (DPR) is presently 23.49%.

Insiders Place Their Bets

In related news, VP Weston Heide sold 800 shares of the company's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $48.00, for a total transaction of $38,400.00. Following the completion of the transaction, the vice president now directly owns 16,104 shares in the company, valued at $772,992. This represents a 4.73 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 5.10% of the company's stock.

Institutional Trading of Andersons

Institutional investors have recently modified their holdings of the company. Quest Partners LLC boosted its holdings in shares of Andersons by 84.2% in the 3rd quarter. Quest Partners LLC now owns 16,120 shares of the basic materials company's stock worth $808,000 after acquiring an additional 7,369 shares in the last quarter. Intech Investment Management LLC boosted its holdings in shares of Andersons by 375.0% in the third quarter. Intech Investment Management LLC now owns 42,225 shares of the basic materials company's stock valued at $2,117,000 after buying an additional 33,336 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Andersons by 23.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 652,579 shares of the basic materials company's stock worth $32,720,000 after buying an additional 124,468 shares in the last quarter. Truvestments Capital LLC bought a new stake in Andersons during the third quarter worth about $98,000. Finally, BNP Paribas Financial Markets lifted its stake in Andersons by 46.6% in the 3rd 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 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.