The Andersons, Inc. (NASDAQ:ANDE) Director Michael J. Anderson Sells 3,000 Shares

The Andersons, Inc. (NASDAQ:ANDE) Director Michael J. Anderson sold 3,000 shares of the business’s stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $59.00, for a total transaction of $177,000.00. Following the completion of the sale, the director now owns 209,968 shares of the company’s stock, valued at $12,388,112. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Andersons Stock Performance

Andersons stock traded down $2.30 on Wednesday, hitting $58.11. The company’s stock had a trading volume of 81,694 shares, compared to its average volume of 182,835. The firm has a market cap of $1.98 billion, a P/E ratio of 20.25 and a beta of 0.68. The company has a quick ratio of 1.00, a current ratio of 1.72 and a debt-to-equity ratio of 0.37. The company has a fifty day moving average price of $55.61 and a 200-day moving average price of $53.57. The Andersons, Inc. has a one year low of $35.69 and a one year high of $61.46.

Andersons (NASDAQ:ANDE) last issued its quarterly earnings results on Wednesday, February 21st. The basic materials company reported $1.59 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $4.26 billion. During the same quarter in the prior year, the company earned $0.98 EPS. The firm’s quarterly revenue was down 31.3% on a year-over-year basis. On average, equities analysts anticipate that The Andersons, Inc. will post 2.54 earnings per share for the current year.

Andersons Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Monday, April 1st were issued a $0.19 dividend. The ex-dividend date was Thursday, March 28th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.31%. Andersons’s dividend payout ratio (DPR) is presently 25.85%.

Institutional Trading of Andersons

A number of hedge funds and other institutional investors have recently made changes to their positions in ANDE. GAMMA Investing LLC grew its stake in shares of Andersons by 65.8% in the first quarter. GAMMA Investing LLC now owns 524 shares of the basic materials company’s stock valued at $30,000 after buying an additional 208 shares in the last quarter. C M Bidwell & Associates Ltd. bought a new position in shares of Andersons in the third quarter valued at $33,000. Creekmur Asset Management LLC bought a new position in Andersons during the fourth quarter worth $41,000. Global Retirement Partners LLC bought a new position in Andersons during the first quarter worth $66,000. Finally, Mitsubishi UFJ Trust & Banking Corp bought a new position in Andersons during the third quarter worth $107,000. 87.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

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.