Key Points
- VP Brian Walz sold 8,975 shares at an average of $70.74 for roughly $634,892, reducing his stake by 42.97% to 11,913 shares.
- The Andersons reported $2.04 EPS for the quarter (beating estimates) while revenue fell 18.8% year-over-year to $2.54 billion.
- The company declared a quarterly dividend of $0.20 (annualized $0.80, ~1.1% yield), and analysts show a mixed view with an average target of $68.33 while BMO raised its target to $75.
The Andersons, Inc. (NASDAQ:ANDE - Get Free Report) VP Brian Walz sold 8,975 shares of the company's stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $70.74, for a total value of $634,891.50. Following the completion of the sale, the vice president directly owned 11,913 shares of the company's stock, valued at approximately $842,725.62. This trade represents a 42.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Andersons Trading Down 0.9%
NASDAQ:ANDE opened at $70.12 on Tuesday. The company has a market capitalization of $2.39 billion, a PE ratio of 25.04 and a beta of 0.74. The Andersons, Inc. has a 52-week low of $31.03 and a 52-week high of $71.54. The stock's 50 day moving average price is $63.27 and its 200 day moving average price is $52.67. The company has a quick ratio of 0.60, a current ratio of 1.41 and a debt-to-equity ratio of 0.43.
Andersons (NASDAQ:ANDE - Get Free Report) last issued its quarterly earnings data 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. The company had revenue of $2.54 billion during the quarter, compared to analysts' expectations of $2.69 billion. Andersons had a return on equity of 7.76% and a net margin of 0.87%.The firm's revenue for the quarter was down 18.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.31 earnings per share. On average, research analysts anticipate that The Andersons, Inc. will post 3.11 EPS for the current year.
Andersons Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Investors of record on Wednesday, April 1st will be given a $0.20 dividend. The ex-dividend date is Wednesday, April 1st. This represents a $0.80 annualized dividend and a yield of 1.1%. Andersons's dividend payout ratio is 28.57%.
Analyst Ratings Changes
Several research analysts have issued reports on ANDE shares. Wall Street Zen downgraded shares of Andersons from a "buy" rating to a "hold" rating in a research report on Saturday. Benchmark reaffirmed a "buy" rating on shares of Andersons in a report on Wednesday, February 18th. Weiss Ratings reiterated a "hold (c)" rating on shares of Andersons in a research note on Wednesday, January 21st. Finally, BMO Capital Markets boosted their price target on Andersons from $65.00 to $75.00 and gave the company an "outperform" rating in a research report on Thursday, February 19th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $68.33.
Check Out Our Latest Stock Report on Andersons
Hedge Funds Weigh In On Andersons
A number of large investors have recently bought and sold shares of ANDE. Dimensional Fund Advisors LP lifted its stake in shares of Andersons by 0.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,349,243 shares of the basic materials company's stock worth $124,910,000 after acquiring an additional 17,278 shares during the period. First Trust Advisors LP boosted its holdings in Andersons by 11.5% in the 2nd quarter. First Trust Advisors LP now owns 1,722,092 shares of the basic materials company's stock valued at $63,287,000 after purchasing an additional 176,972 shares in the last quarter. Rubric Capital Management LP purchased a new stake in Andersons in the 4th quarter valued at approximately $53,469,000. Geode Capital Management LLC increased its position in Andersons by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 822,812 shares of the basic materials company's stock worth $43,757,000 after purchasing an additional 3,259 shares during the period. Finally, Victory Capital Management Inc. increased its position in Andersons by 354.7% during the 4th quarter. Victory Capital Management Inc. now owns 731,019 shares of the basic materials company's stock worth $38,868,000 after purchasing an additional 570,245 shares during the period. Hedge funds and other institutional investors 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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