The Andersons, Inc. (NASDAQ:ANDE) Sees Significant Decline in Short Interest

The Andersons, Inc. (NASDAQ:ANDE) was the target of a large decrease in short interest in April. As of April 15th, there was short interest totalling 665,500 shares, a decrease of 20.5% from the March 31st total of 837,300 shares. Approximately 2.1% of the shares of the company are sold short. Based on an average daily trading volume, of 341,400 shares, the short-interest ratio is currently 1.9 days.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on ANDE shares. Stephens reiterated an “overweight” rating and issued a $55.00 price target on shares of Andersons in a report on Wednesday, February 19th. StockNews.com cut shares of Andersons from a “buy” rating to a “hold” rating in a report on Thursday, February 20th.

Insider Transactions at Andersons

In related news, VP Weston Heide sold 800 shares of the company’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $48.00, for a total transaction of $38,400.00. Following the transaction, the vice president now owns 16,104 shares of the company’s stock, valued at $772,992. This represents a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 4.30% of the company’s stock.

Institutional Investors Weigh In On Andersons

Several hedge funds have recently made changes to their positions in the business. Voloridge Investment Management LLC acquired a new stake in shares of Andersons in the fourth quarter worth approximately $8,651,000. Cubist Systematic Strategies LLC purchased a new position in Andersons during the fourth quarter worth approximately $8,545,000. Millennium Management LLC boosted its holdings in shares of Andersons by 3,547.8% in the 4th quarter. Millennium Management LLC now owns 204,532 shares of the basic materials company’s stock valued at $8,288,000 after purchasing an additional 198,925 shares during the last quarter. D. E. Shaw & Co. Inc. purchased a new stake in shares of Andersons during the 4th quarter valued at $7,354,000. Finally, Moran Wealth Management LLC acquired a new stake in shares of Andersons during the 1st quarter worth $4,838,000. Institutional investors and hedge funds own 87.06% of the company’s stock.

Andersons Stock Down 1.0 %

Andersons stock opened at $37.33 on Friday. Andersons has a fifty-two week low of $35.88 and a fifty-two week high of $57.39. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 11.24 and a beta of 0.55. The stock’s fifty day moving average is $40.58 and its two-hundred day moving average is $43.04. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.90 and a current ratio of 1.65.

Andersons (NASDAQ:ANDE) last posted its earnings results on Tuesday, February 18th. The basic materials company reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.34. Andersons had a net margin of 1.01% and a return on equity of 7.59%. The firm had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $2.72 billion. Analysts predict that Andersons will post 3.11 EPS for the current fiscal year.

Andersons Announces Dividend

The company also recently announced 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 was Tuesday, April 1st. This represents a $0.78 dividend on an annualized basis and a yield of 2.09%. Andersons’s dividend payout ratio (DPR) is currently 23.49%.

Andersons Company Profile

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.