The Andersons Inc. (ANDE) Sees Strong Trading Volume
The Andersons Inc. (NASDAQ:ANDE) shares saw an uptick in trading volume on Wednesday . 224,077 shares were traded during mid-day trading, an increase of 65% from the previous session’s volume of 135,680 shares.The stock last traded at $36.60 and had previously closed at $36.53.
A number of research firms have recently weighed in on ANDE. Zacks Investment Research raised shares of The Andersons from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 19th. Macquarie reissued a “buy” rating and issued a $42.00 price objective (up previously from $36.00) on shares of The Andersons in a research report on Monday, June 6th. Feltl & Co. lowered shares of The Andersons from a “buy” rating to a “hold” rating in a research report on Monday, May 9th. Finally, Stephens raised shares of The Andersons from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, May 18th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $40.00.
The stock’s 50 day moving average price is $35.04 and its 200-day moving average price is $30.95. The company’s market capitalization is $1.03 billion.
The Andersons (NASDAQ:ANDE) last announced its quarterly earnings results on Wednesday, May 4th. The company reported ($0.52) EPS for the quarter, missing the consensus estimate of $0.03 by $0.55. The business earned $887.87 million during the quarter, compared to the consensus estimate of $919.72 million. During the same quarter in the previous year, the business posted $0.14 EPS. The firm’s revenue was down 3.3% on a year-over-year basis. Analysts anticipate that The Andersons Inc. will post $0.86 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 22nd. Shareholders of record on Friday, July 1st will be issued a dividend of $0.155 per share. The ex-dividend date is Wednesday, June 29th. This represents a $0.62 annualized dividend and a yield of 1.69%.
A number of institutional investors recently made changes to their positions in the stock. Nationwide Fund Advisors increased its position in shares of The Andersons by 0.3% in the fourth quarter. Nationwide Fund Advisors now owns 38,927 shares of the company’s stock valued at $1,231,000 after buying an additional 123 shares during the period. Rhumbline Advisers increased its stake in shares of The Andersons by 2.9% in the fourth quarter. Rhumbline Advisers now owns 49,926 shares of the company’s stock valued at $1,579,000 after buying an additional 1,400 shares during the last quarter. Comerica Bank increased its stake in shares of The Andersons by 16.8% in the fourth quarter. Comerica Bank now owns 109,410 shares of the company’s stock valued at $3,228,000 after buying an additional 15,717 shares during the last quarter. Bank of Montreal Can increased its stake in shares of The Andersons by 122.0% in the fourth quarter. Bank of Montreal Can now owns 222,059 shares of the company’s stock valued at $7,024,000 after buying an additional 122,047 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in shares of The Andersons by 14.6% in the fourth quarter. Victory Capital Management Inc. now owns 1,092,789 shares of the company’s stock valued at $34,565,000 after buying an additional 139,212 shares during the last quarter.
The Andersons, Inc is an agriculture-focused diversified company. The Company conducts business in the grain, ethanol, plant nutrient and rail sectors. It also produces turf and cob products and has a consumer retailing presence. It operates in six segments: Grain, Ethanol, Rail, Plant Nutrient, Turf & Specialty, and Retail.
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