The Andersons, Inc. (NASDAQ:ANDE - Get Free Report) Director Patrick Bowe sold 15,000 shares of the stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $70.41, for a total transaction of $1,056,150.00. Following the transaction, the director owned 159,875 shares in the company, valued at $11,256,798.75. The trade was a 8.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Andersons Trading Down 0.3%
ANDE stock opened at $69.94 on Wednesday. The company has a market capitalization of $2.38 billion, a PE ratio of 24.98 and a beta of 0.74. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.60 and a current ratio of 1.41. The Andersons, Inc. has a one year low of $31.03 and a one year high of $71.54. The company's 50 day moving average price is $63.62 and its two-hundred day moving average price is $52.88.
Andersons (NASDAQ:ANDE - Get Free Report) last announced its quarterly earnings data on Tuesday, February 17th. The basic materials company reported $2.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.56 by $0.48. Andersons had a net margin of 0.87% and a return on equity of 7.76%. The company had revenue of $2.54 billion during the quarter, compared to analysts' expectations of $2.69 billion. During the same quarter in the prior year, the company earned $1.31 EPS. The firm's revenue was down 18.8% on a year-over-year basis. As a group, analysts predict that The Andersons, Inc. will post 3.11 earnings per share for the current fiscal year.
Andersons Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 1st will be paid a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $0.80 annualized dividend and a yield of 1.1%. Andersons's payout ratio is currently 28.57%.
Wall Street Analyst Weigh In
ANDE has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Andersons in a research note on Wednesday, January 21st. BMO Capital Markets increased their target price on Andersons from $65.00 to $75.00 and gave the company an "outperform" rating in a report on Thursday, February 19th. Wall Street Zen lowered Andersons from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, Benchmark reaffirmed a "buy" rating on shares of Andersons in a research note on Wednesday, February 18th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, Andersons presently has a consensus rating of "Moderate Buy" and an average target price of $68.33.
View Our Latest Stock Report on Andersons
Institutional Investors Weigh In On Andersons
Institutional investors have recently added to or reduced their stakes in the company. Uniplan Investment Counsel Inc. bought a new stake in Andersons in the 4th quarter worth $25,000. Optima Capital LLC purchased a new position in shares of Andersons in the fourth quarter valued at about $32,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of Andersons during the third quarter valued at about $30,000. Nomura Asset Management Co. Ltd. raised its stake in shares of Andersons by 95.2% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 820 shares of the basic materials company's stock valued at $44,000 after acquiring an additional 400 shares during the last quarter. Finally, Larson Financial Group LLC boosted its holdings in shares of Andersons by 33,600.0% during the third quarter. Larson Financial Group LLC now owns 1,011 shares of the basic materials company's stock worth $40,000 after purchasing an additional 1,008 shares during the period. Hedge funds and other institutional investors own 87.06% of the company's stock.
About Andersons
(
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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