Andersons (NASDAQ:ANDE) had its price target hoisted by Buckingham Research from $35.00 to $40.00 in a report published on Thursday. The firm currently has a neutral rating on the basic materials company’s stock.

Other research analysts have also issued reports about the stock. BidaskClub upgraded shares of Andersons from a hold rating to a buy rating in a report on Sunday, June 24th. TheStreet lowered shares of Andersons from a b- rating to a c rating in a report on Monday, May 7th. ValuEngine upgraded shares of Andersons from a sell rating to a hold rating in a report on Tuesday, May 8th. Zacks Investment Research lowered shares of Andersons from a strong-buy rating to a hold rating in a report on Tuesday, May 1st. Finally, BMO Capital Markets decreased their price objective on shares of Andersons from $38.00 to $36.00 and set a market perform rating for the company in a report on Wednesday, May 9th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $41.33.

NASDAQ ANDE traded down $0.50 during trading on Thursday, hitting $39.85. The company had a trading volume of 186,039 shares, compared to its average volume of 107,585. The company has a current ratio of 1.34, a quick ratio of 0.44 and a debt-to-equity ratio of 0.51. Andersons has a one year low of $29.60 and a one year high of $41.70. The firm has a market capitalization of $1.14 billion, a PE ratio of 34.65 and a beta of 1.16.

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 23rd. Shareholders of record on Monday, July 2nd were issued a $0.165 dividend. The ex-dividend date was Friday, June 29th. This represents a $0.66 annualized dividend and a yield of 1.66%. Andersons’s dividend payout ratio (DPR) is presently 57.39%.

In other Andersons news, insider Corbett J. Jorgenson sold 1,300 shares of the company’s stock in a transaction on Wednesday, August 8th. The shares were sold at an average price of $37.90, for a total value of $49,270.00. Following the completion of the transaction, the insider now directly owns 18,399 shares in the company, valued at approximately $697,322.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.50% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Quantbot Technologies LP purchased a new stake in shares of Andersons in the 1st quarter worth about $153,000. Piedmont Investment Advisors LLC purchased a new stake in shares of Andersons in the 2nd quarter worth about $212,000. Candriam Luxembourg S.C.A. purchased a new stake in shares of Andersons in the 1st quarter worth about $232,000. Sei Investments Co. grew its position in shares of Andersons by 4,996.6% in the 2nd quarter. Sei Investments Co. now owns 7,390 shares of the basic materials company’s stock worth $253,000 after buying an additional 7,245 shares during the period. Finally, Barclays PLC grew its position in shares of Andersons by 50.3% in the 1st quarter. Barclays PLC now owns 8,284 shares of the basic materials company’s stock worth $274,000 after buying an additional 2,773 shares during the period. Institutional investors and hedge funds own 79.18% of the company’s stock.

Andersons Company Profile

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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