Andersons (NASDAQ:ANDE) Upgraded to “Buy” at StockNews.com

StockNews.com upgraded shares of Andersons (NASDAQ:ANDE) from a hold rating to a buy rating in a report issued on Wednesday morning.

Separately, Stephens restated an “overweight” rating and issued a $60.00 price objective on shares of Andersons in a research report on Thursday, January 2nd.

Andersons Trading Down 1.9 %

Shares of Andersons stock opened at $40.39 on Wednesday. Andersons has a 1 year low of $39.25 and a 1 year high of $61.46. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.98 and a quick ratio of 1.23. The business has a 50 day moving average price of $42.23 and a 200 day moving average price of $46.35. The company has a market capitalization of $1.38 billion, a P/E ratio of 11.54 and a beta of 0.58.

Andersons Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Tuesday, April 1st will be paid a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a dividend yield of 1.93%. Andersons’s payout ratio is 22.29%.

Insiders Place Their Bets

In related news, insider Joseph E. Mcneely sold 2,382 shares of the stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $47.73, for a total transaction of $113,692.86. Following the transaction, the insider now directly owns 49,601 shares in the company, valued at approximately $2,367,455.73. This represents a 4.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 5.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Peoples Bank KS grew its holdings in Andersons by 250.0% in the fourth quarter. Peoples Bank KS now owns 700 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 500 shares during the period. KBC Group NV grew its stake 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 during the period. Truvestments Capital LLC acquired a new stake in shares of Andersons during the 3rd quarter worth $98,000. EverSource Wealth Advisors LLC raised its position in shares of Andersons by 16.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,866 shares of the basic materials company’s stock worth $116,000 after buying an additional 412 shares during the period. Finally, Systematic Financial Management LP acquired a new position in Andersons in the third quarter valued at $227,000. Institutional investors and hedge funds own 87.06% of the company’s stock.

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.