Lake Street Capital Cuts Andersons (NASDAQ:ANDE) Price Target to $55.00

Andersons (NASDAQ:ANDE) had its price objective decreased by Lake Street Capital from $70.00 to $55.00 in a research note released on Thursday morning,Benzinga reports. Lake Street Capital currently has a buy rating on the basic materials company’s stock.

Several other analysts have also recently commented on the stock. StockNews.com upgraded shares of Andersons from a “hold” rating to a “buy” rating in a research note on Wednesday. BMO Capital Markets assumed coverage on shares of Andersons in a report on Tuesday, May 6th. They issued a “market perform” rating and a $45.00 price target on the stock. Finally, Stephens reiterated an “overweight” rating and set a $55.00 price objective on shares of Andersons in a research note on Wednesday, February 19th.

Andersons Price Performance

Shares of ANDE opened at $34.65 on Thursday. The firm has a market capitalization of $1.18 billion, a PE ratio of 10.44 and a beta of 0.73. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.65 and a quick ratio of 0.90. The company’s fifty day moving average price is $39.67 and its 200-day moving average price is $42.48. Andersons has a 1-year low of $31.03 and a 1-year high of $55.52.

Andersons (NASDAQ:ANDE) last announced its quarterly earnings data on Tuesday, May 6th. The basic materials company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.20. Andersons had a return on equity of 7.59% and a net margin of 1.01%. The business had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.85 billion. During the same period in the prior year, the company earned $0.16 earnings per share. The company’s revenue was down 2.3% on a year-over-year basis. On average, equities research analysts predict that Andersons will post 3.11 EPS for the current year.

Andersons Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Tuesday, April 1st were given a dividend of $0.195 per share. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $0.78 annualized dividend and a yield of 2.25%. Andersons’s dividend payout ratio is presently 23.49%.

Insider Buying and Selling at Andersons

In related news, VP Weston Heide sold 800 shares of Andersons stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $48.00, for a total value of $38,400.00. Following the completion of the transaction, the vice president now owns 16,104 shares in the company, valued at $772,992. The trade was a 4.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 4.30% of the stock is owned by corporate insiders.

Institutional Trading of Andersons

Several institutional investors have recently bought and sold shares of ANDE. KBC Group NV lifted its position in shares of Andersons by 70.3% during the 4th quarter. KBC Group NV now owns 1,558 shares of the basic materials company’s stock valued at $63,000 after buying an additional 643 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Andersons by 426.2% during the first quarter. GAMMA Investing LLC now owns 1,805 shares of the basic materials company’s stock valued at $77,000 after purchasing an additional 1,462 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Andersons by 16.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,866 shares of the basic materials company’s stock valued at $116,000 after purchasing an additional 412 shares during the period. Point72 Hong Kong Ltd purchased a new stake in shares of Andersons during the fourth quarter worth about $189,000. Finally, Mutual of America Capital Management LLC purchased a new position in Andersons in the 1st quarter valued at about $201,000. 87.06% of the stock is owned by institutional investors and hedge funds.

About Andersons

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.