ValuEngine cut shares of Andersons (NASDAQ:ANDE) from a buy rating to a hold rating in a research report released on Tuesday.

ANDE has been the subject of several other research reports. Stephens upgraded shares of Andersons from an equal weight rating to an overweight rating and increased their price objective for the company from $35.50 to $44.00 in a research report on Wednesday, August 8th. BidaskClub lowered shares of Andersons from a hold rating to a sell rating in a research report on Thursday, September 27th. Zacks Investment Research lowered shares of Andersons from a hold rating to a sell rating in a research report on Wednesday, August 1st. BMO Capital Markets increased their price objective on shares of Andersons from $36.00 to $40.00 and gave the company a market perform rating in a research report on Thursday, August 9th. Finally, TheStreet upgraded shares of Andersons from a c rating to a b rating in a research report on Friday, August 10th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. Andersons has a consensus rating of Hold and a consensus target price of $41.33.

ANDE stock opened at $35.96 on Tuesday. Andersons has a 52 week low of $29.60 and a 52 week high of $41.70. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.34 and a quick ratio of 0.58. The firm has a market cap of $993.33 million, a price-to-earnings ratio of 31.18 and a beta of 1.35.

Andersons (NASDAQ:ANDE) last released its quarterly earnings data on Tuesday, August 7th. The basic materials company reported $0.76 EPS for the quarter. Andersons had a net margin of 2.68% and a return on equity of 4.92%. The business had revenue of $911.40 million during the quarter. Research analysts anticipate that Andersons will post 1.88 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 22nd. Stockholders of record on Monday, October 1st will be issued a $0.165 dividend. The ex-dividend date is Friday, September 28th. This represents a $0.66 annualized dividend and a dividend yield of 1.84%. Andersons’s dividend payout ratio (DPR) is presently 57.39%.

In other news, insider Corbett J. Jorgenson sold 1,300 shares of the firm’s stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $37.90, for a total value of $49,270.00. Following the completion of the sale, the insider now owns 18,399 shares in the company, valued at approximately $697,322.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 5.50% of the stock is currently owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Van ECK Associates Corp lifted its holdings in shares of Andersons by 2.9% in the 2nd quarter. Van ECK Associates Corp now owns 54,294 shares of the basic materials company’s stock worth $1,857,000 after acquiring an additional 1,524 shares during the last quarter. Alpha Windward LLC lifted its holdings in shares of Andersons by 12.5% in the 2nd quarter. Alpha Windward LLC now owns 15,660 shares of the basic materials company’s stock worth $536,000 after acquiring an additional 1,740 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Andersons by 4.5% in the 1st quarter. Wells Fargo & Company MN now owns 43,083 shares of the basic materials company’s stock worth $1,426,000 after acquiring an additional 1,856 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Andersons by 9.9% in the 2nd quarter. Advisors Asset Management Inc. now owns 21,853 shares of the basic materials company’s stock worth $747,000 after acquiring an additional 1,965 shares during the last quarter. Finally, Keybank National Association OH lifted its holdings in shares of Andersons by 3.5% in the 2nd quarter. Keybank National Association OH now owns 58,575 shares of the basic materials company’s stock worth $2,003,000 after acquiring an additional 2,000 shares during the last quarter. Hedge funds and other institutional investors own 80.41% of the company’s stock.

About Andersons

The Andersons, Inc, an agriculture company, operates in the grain, ethanol, plant nutrient, and rail sectors in the United States and internationally. The company's Grain segment operates grain elevators; stores grains; and provides grain marketing, risk management, and corn origination services to its customers and affiliated ethanol facilities.

Further Reading: Buyback For Investors Defined

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