Andersons (NASDAQ:ANDE) Trading Down 4% - Here's Why

Shares of The Andersons, Inc. (NASDAQ:ANDE - Get Free Report) were down 4% during trading on Tuesday . The stock traded as low as $42.48 and last traded at $41.81. Approximately 15,378 shares changed hands during mid-day trading, a decline of 94% from the average daily volume of 253,538 shares. The stock had previously closed at $43.55.

Analyst Ratings Changes

ANDE has been the subject of a number of recent analyst reports. Stephens reissued an "overweight" rating and set a $60.00 target price on shares of Andersons in a research report on Thursday, January 2nd. StockNews.com raised shares of Andersons from a "hold" rating to a "buy" rating in a research note on Wednesday, November 13th.

Andersons Stock Performance

The company has a quick ratio of 1.23, a current ratio of 1.98 and a debt-to-equity ratio of 0.36. The company has a 50-day moving average of $43.56 and a 200-day moving average of $47.10. The company has a market cap of $1.39 billion, a PE ratio of 11.65 and a beta of 0.59.

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, beating the consensus estimate of $0.43 by $0.37. Andersons had a net margin of 1.06% and a return on equity of 8.21%. The company had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same quarter in the prior year, the business earned $0.13 earnings per share. The firm's revenue for the quarter was down 27.9% on a year-over-year basis. As a group, analysts anticipate that The Andersons, Inc. will post 2.9 earnings per share for the current year.

Andersons Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 23rd. Shareholders of record on Thursday, January 2nd were issued a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend was Thursday, January 2nd. This is a positive change from Andersons's previous quarterly dividend of $0.19. Andersons's payout ratio is presently 22.29%.

Insider Activity

In related news, insider Joseph E. Mcneely sold 2,382 shares of the firm's stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $47.73, for a total value of $113,692.86. Following the sale, the insider now directly owns 49,601 shares of the company's stock, valued at $2,367,455.73. This trade represents a 4.58 % decrease in their ownership of the stock. 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

Large investors have recently bought and sold shares of the company. State Street Corp increased 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. Nordea Investment Management AB grew its holdings in Andersons by 86.5% during the fourth quarter. Nordea Investment Management AB now owns 101,099 shares of the basic materials company's stock valued at $4,110,000 after purchasing an additional 46,903 shares during the period. Intech Investment Management LLC lifted its holdings in Andersons by 375.0% during 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 purchasing an additional 33,336 shares in the last quarter. Peoples Bank KS raised its position in shares of Andersons by 250.0% during the 4th quarter. Peoples Bank KS now owns 700 shares of the basic materials company's stock valued at $28,000 after purchasing an additional 500 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Andersons by 23.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 652,579 shares of the basic materials company's stock valued at $32,720,000 after acquiring an additional 124,468 shares in the last quarter. 87.06% of the stock is owned by institutional investors.

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.