Key Points
- Director John Stout, Jr. sold 12,500 shares at an average price of $51.77 for a total of $647,125, cutting his stake by 27.21% to 33,441 shares (about $1.73M).
- Andersons beat EPS expectations with $0.84 vs. consensus $0.46 while reporting $2.68B in revenue; the company has a ~$1.78B market cap and a consensus analyst rating of "Moderate Buy" with an average target of $58.33.
- The company declared a quarterly dividend of $0.20 per share (annualized $0.80, ~1.5% yield), with an ex-dividend/record date on January 2 and payment scheduled for January 23.
The Andersons, Inc. (NASDAQ:ANDE - Get Free Report) Director John Stout, Jr. sold 12,500 shares of the company's stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $51.77, for a total value of $647,125.00. Following the completion of the transaction, the director owned 33,441 shares of the company's stock, valued at $1,731,240.57. The trade was a 27.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Andersons Trading Up 1.4%
Shares of Andersons stock opened at $52.55 on Friday. The Andersons, Inc. has a 52-week low of $31.03 and a 52-week high of $53.32. The firm has a market capitalization of $1.78 billion, a PE ratio of 24.56 and a beta of 0.79. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.47 and a quick ratio of 0.80. The company's fifty day moving average price is $47.93 and its two-hundred day moving average price is $41.34.
Andersons (NASDAQ:ANDE - Get Free Report) last posted its earnings results on Tuesday, November 4th. The basic materials company reported $0.84 earnings per share for the quarter, beating analysts' consensus estimates of $0.46 by $0.38. The business had revenue of $2.68 billion for the quarter, compared to analysts' expectations of $2.85 billion. Andersons had a net margin of 0.63% and a return on equity of 5.83%. The firm's revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.80 earnings per share. On average, analysts expect that The Andersons, Inc. will post 3.11 EPS for the current year.
Andersons Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 23rd. Shareholders of record on Friday, January 2nd will be paid a dividend of $0.20 per share. This is an increase from Andersons's previous quarterly dividend of $0.20. This represents a $0.80 annualized dividend and a yield of 1.5%. The ex-dividend date is Friday, January 2nd. Andersons's dividend payout ratio is currently 36.45%.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the stock. Tudor Investment Corp ET AL boosted its position in Andersons by 149.9% in the 3rd quarter. Tudor Investment Corp ET AL now owns 153,572 shares of the basic materials company's stock valued at $6,114,000 after buying an additional 92,110 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in shares of Andersons by 162.8% during the third quarter. Jacobs Levy Equity Management Inc. now owns 438,219 shares of the basic materials company's stock valued at $17,445,000 after acquiring an additional 271,451 shares during the period. Caxton Associates LLP increased its position in Andersons by 169.9% in the third quarter. Caxton Associates LLP now owns 33,989 shares of the basic materials company's stock worth $1,353,000 after purchasing an additional 21,394 shares during the period. Dark Forest Capital Management LP lifted its position in Andersons by 248.4% during the 3rd quarter. Dark Forest Capital Management LP now owns 61,410 shares of the basic materials company's stock valued at $2,445,000 after purchasing an additional 43,783 shares during the period. Finally, Verition Fund Management LLC grew its position in shares of Andersons by 35.0% during the 3rd quarter. Verition Fund Management LLC now owns 19,617 shares of the basic materials company's stock worth $781,000 after buying an additional 5,089 shares during the period. Institutional investors own 87.06% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on the stock. Weiss Ratings restated a "hold (c)" rating on shares of Andersons in a research note on Wednesday, October 8th. BMO Capital Markets raised shares of Andersons from a "market perform" rating to an "outperform" rating and upped their price objective for the stock from $50.00 to $65.00 in a research note on Wednesday. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $58.33.
Read Our Latest Research Report on ANDE
About Andersons
(
Get Free Report)
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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