The Andersons, Inc. (ANDE) To Go Ex-Dividend on March 28th

The Andersons, Inc. (NASDAQ:ANDEGet Free Report) announced a quarterly dividend on Thursday, February 15th, Zacks reports. Investors of record on Monday, April 1st will be paid a dividend of 0.19 per share by the basic materials company on Monday, April 22nd. This represents a $0.76 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend is Thursday, March 28th.

Andersons has raised its dividend by an average of 2.1% per year over the last three years and has raised its dividend annually for the last 3 consecutive years. Andersons has a dividend payout ratio of 19.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Andersons to earn $3.22 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 23.6%.

Andersons Price Performance

Shares of ANDE opened at $56.62 on Tuesday. The business’s 50-day moving average is $53.48 and its 200-day moving average is $52.58. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.72 and a quick ratio of 1.00. The company has a market capitalization of $1.93 billion, a price-to-earnings ratio of 19.26 and a beta of 0.67. Andersons has a fifty-two week low of $35.69 and a fifty-two week high of $58.84.

Andersons (NASDAQ:ANDEGet Free Report) last posted its quarterly earnings results on Wednesday, February 21st. The basic materials company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.11 by $0.48. Andersons had a net margin of 0.69% and a return on equity of 8.19%. The business had revenue of $3.21 billion for the quarter, compared to analysts’ expectations of $4.26 billion. During the same period in the previous year, the company posted $0.98 EPS. Andersons’s revenue was down 31.3% on a year-over-year basis. Equities research analysts expect that Andersons will post 2.54 EPS for the current fiscal year.

Insider Transactions at Andersons

In other news, CEO Patrick E. Bowe sold 1,338 shares of the stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $55.12, for a total transaction of $73,750.56. Following the sale, the chief executive officer now owns 89,315 shares in the company, valued at $4,923,042.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Patrick E. Bowe sold 4,406 shares of the business’s stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $56.25, for a total transaction of $247,837.50. Following the completion of the sale, the chief executive officer now owns 48,917 shares in the company, valued at $2,751,581.25. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Patrick E. Bowe sold 1,338 shares of the company’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $55.12, for a total transaction of $73,750.56. Following the transaction, the chief executive officer now owns 89,315 shares in the company, valued at $4,923,042.80. The disclosure for this sale can be found here. Insiders have sold 43,264 shares of company stock valued at $2,401,683 in the last three months. 5.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Andersons

Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its holdings in Andersons by 2.2% during the first quarter. BlackRock Inc. now owns 5,650,640 shares of the basic materials company’s stock valued at $283,999,000 after purchasing an additional 120,906 shares during the period. Vanguard Group Inc. raised its stake in Andersons by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 3,870,779 shares of the basic materials company’s stock worth $120,110,000 after buying an additional 79,627 shares during the period. State Street Corp lifted its holdings in Andersons by 1.2% during the third quarter. State Street Corp now owns 1,237,728 shares of the basic materials company’s stock worth $38,629,000 after acquiring an additional 14,313 shares in the last quarter. Invesco Ltd. grew its stake in Andersons by 35.6% in the first quarter. Invesco Ltd. now owns 973,451 shares of the basic materials company’s stock valued at $48,926,000 after acquiring an additional 255,347 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of Andersons by 3.7% in the second quarter. Geode Capital Management LLC now owns 661,298 shares of the basic materials company’s stock worth $30,519,000 after acquiring an additional 23,642 shares in the last quarter. Institutional investors and hedge funds own 87.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on ANDE shares. StockNews.com upgraded shares of Andersons from a “hold” rating to a “buy” rating in a research note on Thursday, January 11th. Roth Capital reaffirmed a “buy” rating and issued a $65.00 price target on shares of Andersons in a research report on Tuesday, February 6th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, Andersons has an average rating of “Buy” and a consensus price target of $62.50.

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About Andersons

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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.

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Dividend History for Andersons (NASDAQ:ANDE)

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