Andersons (NASDAQ:ANDE) Cut to “Hold” at StockNews.com

StockNews.com lowered shares of Andersons (NASDAQ:ANDE) from a buy rating to a hold rating in a research report sent to investors on Tuesday morning.

Andersons Trading Down 1.4 %

Shares of ANDE opened at $48.19 on Tuesday. The company has a current ratio of 2.07, a quick ratio of 1.44 and a debt-to-equity ratio of 0.36. Andersons has a 12-month low of $41.76 and a 12-month high of $61.46. The firm has a 50-day moving average price of $48.25 and a 200 day moving average price of $50.12. The firm has a market capitalization of $1.64 billion, a P/E ratio of 13.77 and a beta of 0.60.

Andersons (NASDAQ:ANDE) last announced its quarterly earnings data on Monday, November 4th. The basic materials company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.37. Andersons had a net margin of 1.06% and a return on equity of 8.23%. The firm 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 firm posted $0.13 earnings per share. Andersons’s quarterly revenue was down 27.9% on a year-over-year basis.

Andersons Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 1st were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend was Tuesday, October 1st. Andersons’s dividend payout ratio is currently 21.71%.

Institutional Investors Weigh In On Andersons

Hedge funds have recently modified their holdings of the company. Pacer Advisors Inc. lifted its position in Andersons by 8.8% in the second quarter. Pacer Advisors Inc. now owns 3,737,703 shares of the basic materials company’s stock valued at $185,390,000 after buying an additional 303,711 shares during the last quarter. American Century Companies Inc. lifted its position in Andersons by 16.8% in the second quarter. American Century Companies Inc. now owns 933,968 shares of the basic materials company’s stock valued at $46,325,000 after buying an additional 134,126 shares during the last quarter. Squarepoint Ops LLC acquired a new position in Andersons in the second quarter valued at about $2,311,000. Victory Capital Management Inc. lifted its position in Andersons by 8.7% in the second quarter. Victory Capital Management Inc. now owns 456,624 shares of the basic materials company’s stock valued at $22,649,000 after buying an additional 36,594 shares during the last quarter. Finally, Deerfield Management Company L.P. Series C acquired a new position in Andersons in the second quarter valued at about $1,040,000. Hedge funds and other institutional investors 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.