Andersons (NASDAQ:ANDE) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

The Andersons, Inc. (NASDAQ:ANDE) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $43.18 and traded as high as $54.32. Andersons shares last traded at $53.47, with a volume of 247,197 shares trading hands.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on ANDE shares. BMO Capital Markets raised shares of Andersons from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $50.00 to $65.00 in a research note on Wednesday, December 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Andersons in a report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $58.33.

Andersons Stock Down 0.3%

The firm has a market cap of $1.81 billion, a P/E ratio of 24.99 and a beta of 0.79. The firm’s 50 day moving average is $50.70 and its two-hundred day moving average is $43.18. The company has a current ratio of 1.47, a quick ratio of 0.80 and a debt-to-equity ratio of 0.47.

Andersons (NASDAQ:ANDE) last posted its earnings results on Tuesday, November 4th. The basic materials company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.38. The company had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.85 billion. Andersons had a net margin of 0.63% and a return on equity of 5.83%. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period last year, the business posted $0.80 earnings per share. As a group, research analysts anticipate that The Andersons, Inc. will post 3.11 EPS for the current fiscal year.

Andersons Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 23rd. Investors of record on Friday, January 2nd will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Friday, January 2nd. This is a boost from Andersons’s previous quarterly dividend of $0.20. Andersons’s dividend payout ratio (DPR) is 36.45%.

Insider Transactions at Andersons

In related news, VP Anne G. Rex sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $51.36, for a total value of $154,080.00. Following the completion of the transaction, the vice president directly owned 23,549 shares in the company, valued at approximately $1,209,476.64. The trade was a 11.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John T. Stout, Jr. sold 12,500 shares of the stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $51.77, for a total value of $647,125.00. Following the sale, the director directly owned 33,441 shares of the company’s stock, valued at approximately $1,731,240.57. The trade was a 27.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 20,500 shares of company stock valued at $1,076,205. Insiders own 4.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ANDE. Amalgamated Bank boosted its stake in Andersons by 3.9% in the 3rd quarter. Amalgamated Bank now owns 9,524 shares of the basic materials company’s stock worth $379,000 after purchasing an additional 356 shares during the period. SummerHaven Investment Management LLC lifted its holdings in shares of Andersons by 2.2% in the second quarter. SummerHaven Investment Management LLC now owns 16,967 shares of the basic materials company’s stock valued at $624,000 after purchasing an additional 371 shares in the last quarter. Summit Place Financial Advisors LLC boosted its position in shares of Andersons by 1.7% during the third quarter. Summit Place Financial Advisors LLC now owns 23,032 shares of the basic materials company’s stock worth $917,000 after buying an additional 390 shares during the period. Croban grew its holdings in shares of Andersons by 1.6% during the second quarter. Croban now owns 25,026 shares of the basic materials company’s stock worth $920,000 after buying an additional 402 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in shares of Andersons by 7.3% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 7,281 shares of the basic materials company’s stock worth $290,000 after buying an additional 493 shares in the last quarter. Institutional investors and hedge funds own 87.06% of the company’s stock.

About Andersons

The Andersons, Inc operates as a diversified agriculture company offering a broad range of products and services to farmers, retailers and industrial customers. Through its Grain Group, the company purchases, stores, merchandises and transports corn, soybeans and other commodities, while its Renewables Group produces ethanol and distillers grains at multiple plants in the U.S. The Rail Group provides locomotive leasing, railcar repair and related maintenance services, and the Horticulture Group supplies turf, specialty and horticultural products to landscaping professionals and consumer lawn and garden retailers.

Founded in 1947 and headquartered in Maumee, Ohio, The Andersons has grown from a regional grain elevator operator into an integrated agribusiness platform.