Key Points
- Insider sale: VP Anne Rex sold 2,624 shares on March 4 at an average price of $65.16 for about $170,980, reducing her position by 9.92% to 23,829 shares (≈$1.55M).
- Quarterly results: Andersons reported $2.04 EPS (beating the $1.56 estimate) while revenue fell 18.8% year-over-year to $2.54 billion.
- Dividend announced: The company declared a $0.20 quarterly dividend (annualized $0.80) with an ex-dividend date of April 1 and a payout on April 22, implying a ~1.2% yield.
The Andersons, Inc. (NASDAQ:ANDE - Get Free Report) VP Brian Walz sold 200 shares of Andersons stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $70.00, for a total transaction of $14,000.00. Following the completion of the transaction, the vice president owned 20,888 shares in the company, valued at approximately $1,462,160. This trade represents a 0.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Andersons Trading Up 0.8%
Shares of ANDE stock traded up $0.48 on Friday, reaching $64.05. 315,839 shares of the stock were exchanged, compared to its average volume of 293,782. The company has a quick ratio of 0.60, a current ratio of 1.41 and a debt-to-equity ratio of 0.43. The stock has a market cap of $2.17 billion, a P/E ratio of 22.88 and a beta of 0.74. The firm has a 50 day moving average of $61.41 and a two-hundred day moving average of $51.30. The Andersons, Inc. has a 1-year low of $31.03 and a 1-year high of $70.06.
Andersons (NASDAQ:ANDE - Get Free Report) last issued its earnings results on Tuesday, February 17th. The basic materials company reported $2.04 earnings per share for the quarter, beating analysts' consensus estimates of $1.56 by $0.48. Andersons had a return on equity of 7.76% and a net margin of 0.87%.The firm had revenue of $2.54 billion for the quarter, compared to analysts' expectations of $2.69 billion. During the same quarter last year, the firm earned $1.31 earnings per share. The firm's revenue for the quarter was down 18.8% compared to the same quarter last year. On average, research analysts anticipate that The Andersons, Inc. will post 3.11 EPS for the current year.
Andersons Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 1st will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Wednesday, April 1st. Andersons's dividend payout ratio (DPR) is 28.57%.
Analysts Set New Price Targets
A number of analysts recently issued reports on the stock. Weiss Ratings reissued a "hold (c)" rating on shares of Andersons in a research report on Wednesday, January 21st. BMO Capital Markets raised their target price on shares of Andersons from $65.00 to $75.00 and gave the company an "outperform" rating in a research note on Thursday, February 19th. Benchmark reaffirmed a "buy" rating on shares of Andersons in a research report on Wednesday, February 18th. Finally, Wall Street Zen upgraded Andersons from a "hold" rating to a "buy" rating in a report on Saturday, February 21st. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $68.33.
View Our Latest Research Report on Andersons
Hedge Funds Weigh In On Andersons
A number of institutional investors have recently added to or reduced their stakes in ANDE. AQR Capital Management LLC increased its position in shares of Andersons by 5.5% during the first quarter. AQR Capital Management LLC now owns 40,727 shares of the basic materials company's stock worth $1,748,000 after acquiring an additional 2,137 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Andersons by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,425 shares of the basic materials company's stock worth $834,000 after buying an additional 866 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Andersons in the second quarter valued at $1,723,000. ProShare Advisors LLC raised its holdings in Andersons by 3.1% in the second quarter. ProShare Advisors LLC now owns 177,089 shares of the basic materials company's stock valued at $6,508,000 after acquiring an additional 5,268 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Andersons by 0.6% during the 2nd quarter. Geode Capital Management LLC now owns 799,891 shares of the basic materials company's stock valued at $29,400,000 after acquiring an additional 4,495 shares during the last quarter. Institutional investors and hedge funds own 87.06% of the company's stock.
Andersons Company Profile
(
Get Free Report)
The Andersons, Inc operates as a diversified agriculture company offering a broad range of products and services to farmers, retailers and industrial customers. Through its Grain Group, the company purchases, stores, merchandises and transports corn, soybeans and other commodities, while its Renewables Group produces ethanol and distillers grains at multiple plants in the U.S. The Rail Group provides locomotive leasing, railcar repair and related maintenance services, and the Horticulture Group supplies turf, specialty and horticultural products to landscaping professionals and consumer lawn and garden retailers.
Founded in 1947 and headquartered in Maumee, Ohio, The Andersons has grown from a regional grain elevator operator into an integrated agribusiness platform.
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