Analysts Set The Andersons, Inc. (NASDAQ:ANDE) PT at $85.00

The Andersons, Inc. (NASDAQ:ANDE) has been assigned an average recommendation of “Buy” from the five analysts that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $85.00.

Several equities analysts recently weighed in on ANDE shares. The Goldman Sachs Group downgraded shares of Andersons to a “buy” rating in a report on Thursday, June 18th. Texas Capital upgraded shares of Andersons to a “strong-buy” rating in a research note on Thursday, June 18th. Weiss Ratings raised shares of Andersons from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. UBS Group set a $90.00 price objective on shares of Andersons in a research note on Wednesday, May 20th. Finally, Wall Street Zen raised shares of Andersons from a “hold” rating to a “buy” rating in a report on Saturday, May 9th.

Andersons Stock Performance

Shares of ANDE stock opened at $80.87 on Friday. The business has a fifty day moving average of $71.77 and a 200 day moving average of $68.83. Andersons has a 1 year low of $31.84 and a 1 year high of $82.11. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.37 and a quick ratio of 0.62. The firm has a market capitalization of $2.75 billion, a price-to-earnings ratio of 21.51 and a beta of 0.65.

Andersons (NASDAQ:ANDE) last posted its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.42. Andersons had a return on equity of 10.68% and a net margin of 1.17%.The business had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.71 billion. During the same quarter in the previous year, the business earned $0.12 EPS. The company’s quarterly revenue was down 1.2% compared to the same quarter last year.

Andersons Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 1st were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Wednesday, July 1st. Andersons’s dividend payout ratio (DPR) is currently 21.28%.

Insider Activity

In other news, Director Patrick E. Bowe sold 19,100 shares of the business’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $78.31, for a total value of $1,495,721.00. Following the completion of the transaction, the director owned 94,875 shares of the company’s stock, valued at $7,429,661.25. The trade was a 16.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 36,466 shares of company stock valued at $2,895,769. Insiders own 4.30% of the company’s stock.

Institutional Investors Weigh In On Andersons

Several hedge funds have recently bought and sold shares of the stock. AQR Capital Management LLC increased its holdings in shares of Andersons by 5.5% during the 1st quarter. AQR Capital Management LLC now owns 40,727 shares of the basic materials company’s stock valued at $1,748,000 after purchasing an additional 2,137 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Andersons by 4.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,425 shares of the basic materials company’s stock worth $834,000 after buying an additional 866 shares in the last quarter. Cetera Investment Advisers acquired a new stake in Andersons during the second quarter valued at $257,000. XTX Topco Ltd acquired a new stake in Andersons during the second quarter valued at $201,000. Finally, Norges Bank purchased a new position in Andersons in the second quarter valued at $1,036,000. Hedge funds and other institutional investors own 87.06% of the company’s stock.

Andersons Company Profile

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.