TheStreet cut shares of Andersons (NASDAQ:ANDE) from a b- rating to a c rating in a report issued on Thursday.

ANDE has been the subject of a number of other research reports. Zacks Investment Research downgraded Andersons from a strong-buy rating to a hold rating in a research report on Tuesday, October 16th. ValuEngine upgraded Andersons from a hold rating to a buy rating in a research report on Tuesday, October 30th. Stephens upgraded 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 downgraded Andersons from a hold rating to a sell rating in a research report on Thursday, September 27th. Finally, BMO Capital Markets increased their price objective on Andersons from $36.00 to $40.00 and gave the company a market perform rating in a research report on Thursday, August 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. Andersons currently has an average rating of Hold and an average price target of $41.33.

NASDAQ ANDE traded down $1.33 on Thursday, reaching $32.98. 132,268 shares of the stock traded hands, compared to its average volume of 127,761. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.58 and a current ratio of 1.27. The firm has a market cap of $931.07 million, a P/E ratio of 28.68 and a beta of 1.24. Andersons has a 12 month low of $29.60 and a 12 month high of $41.70.

Andersons (NASDAQ:ANDE) last issued its quarterly earnings results on Monday, November 5th. The basic materials company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.18). Andersons had a net margin of 2.66% and a return on equity of 4.05%. The firm had revenue of $685.60 million for the quarter, compared to the consensus estimate of $839.00 million. During the same period in the previous year, the business posted $0.09 earnings per share. The business’s revenue for the quarter was down 18.0% compared to the same quarter last year. On average, research analysts predict that Andersons will post 1.88 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 22nd. Stockholders of record on Monday, October 1st were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Friday, September 28th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.00%. Andersons’s dividend payout ratio (DPR) is presently 57.39%.

In related news, Director Stephen F. Dowdle acquired 2,000 shares of the business’s stock in a transaction dated Wednesday, November 7th. The stock was bought at an average price of $32.95 per share, for a total transaction of $65,900.00. Following the transaction, the director now owns 1,763 shares of the company’s stock, valued at $58,090.85. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 5.50% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in the company. Van ECK Associates Corp lifted its holdings in shares of Andersons by 2.9% in the second quarter. Van ECK Associates Corp now owns 54,294 shares of the basic materials company’s stock valued at $1,857,000 after purchasing an additional 1,524 shares in the last quarter. Alpha Windward LLC lifted its holdings in shares of Andersons by 12.5% in the second quarter. Alpha Windward LLC now owns 15,660 shares of the basic materials company’s stock valued at $536,000 after purchasing an additional 1,740 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Andersons by 4.5% in the first quarter. Wells Fargo & Company MN now owns 43,083 shares of the basic materials company’s stock valued at $1,426,000 after purchasing an additional 1,856 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Andersons by 9.9% in the second quarter. Advisors Asset Management Inc. now owns 21,853 shares of the basic materials company’s stock valued at $747,000 after purchasing an additional 1,965 shares in the last quarter. Finally, Keybank National Association OH lifted its holdings in shares of Andersons by 3.5% in the second quarter. Keybank National Association OH now owns 58,575 shares of the basic materials company’s stock valued at $2,003,000 after purchasing an additional 2,000 shares in the last quarter. Institutional investors own 80.35% 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.

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