The Andersons, Inc. (NASDAQ:ANDE - Get Free Report) Director Michael J. Anderson sold 3,000 shares of the company's stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $59.00, for a total transaction of $177,000.00. Following the transaction, the director now owns 209,968 shares of the company's stock, valued at approximately $12,388,112. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Andersons Trading Down 5.0 %
ANDE opened at $57.38 on Thursday. 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's 50 day simple moving average is $55.71 and its two-hundred day simple moving average is $53.60. The Andersons, Inc. has a 1-year low of $35.69 and a 1-year high of $61.46. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of 19.52 and a beta of 0.68.
Andersons (NASDAQ:ANDE - Get Free Report) last released its earnings results on Wednesday, February 21st. The basic materials company reported $1.59 earnings per share for the quarter, topping analysts' consensus estimates 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 analyst estimates of $4.26 billion. During the same period last year, the company posted $0.98 EPS. The business's revenue was down 31.3% on a year-over-year basis. Analysts expect that The Andersons, Inc. will post 2.54 EPS for the current fiscal year.
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The company also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Monday, April 1st were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend was Thursday, March 28th. Andersons's payout ratio is presently 25.85%.
Institutional Trading of Andersons
Institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC raised its position in shares of Andersons by 65.8% during the 1st 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 during the period. C M Bidwell & Associates Ltd. purchased a new stake in shares of Andersons during the 3rd quarter valued at approximately $33,000. Creekmur Asset Management LLC purchased a new stake in shares of Andersons during the 4th quarter valued at approximately $41,000. Global Retirement Partners LLC purchased a new stake in shares of Andersons during the 1st quarter valued at approximately $66,000. Finally, Mitsubishi UFJ Trust & Banking Corp purchased a new stake in shares of Andersons during the 3rd quarter valued at approximately $107,000. Hedge funds and other institutional investors own 87.06% of the company's stock.
Analyst Ratings Changes
ANDE has been the subject of several research analyst reports. Roth Capital restated a "buy" rating and set a $65.00 price target on shares of Andersons in a research report on Tuesday, February 6th. StockNews.com upgraded 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, Based on data from MarketBeat.com, Andersons currently has a consensus rating of "Buy" and a consensus price target of $62.50.
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Andersons Company Profile
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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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