Key Points
- Director John Stout, Jr. sold 2,500 shares at an average price of $70.30 for $175,750, trimming his stake by 9.64% to 23,441 shares valued at about $1.65 million.
- Q4 results beat EPS expectations — Andersons reported $2.04 EPS versus $1.56 consensus, but revenue fell 18.8% year-over-year to $2.54 billion; analysts expect FY EPS of about $3.11.
- The company declared a quarterly dividend of $0.20 per share (annualized $0.80, ~1.2% yield) with an ex-dividend date of April 1, and the stock carries a consensus rating of "Moderate Buy" with a $68.33 price target.
The Andersons, Inc. (NASDAQ:ANDE - Get Free Report) Director John Stout, Jr. sold 2,500 shares of the firm's stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $70.30, for a total transaction of $175,750.00. Following the transaction, the director directly owned 23,441 shares of the company's stock, valued at approximately $1,647,902.30. This represents a 9.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Andersons Trading Up 0.1%
Shares of NASDAQ ANDE opened at $68.62 on Friday. 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 capitalization of $2.34 billion, a P/E ratio of 24.58 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 $64.27 and its two-hundred day moving average price is $53.10.
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 (EPS) for the quarter, topping 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 business had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.69 billion. During the same period in the prior year, the company posted $1.31 EPS. The business's revenue for the quarter was down 18.8% compared to the same quarter last year. On average, analysts anticipate that The Andersons, Inc. will post 3.11 earnings per share for the current fiscal year.
Andersons Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 1st will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.2%. Andersons's dividend payout ratio (DPR) is presently 28.57%.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on the stock. Benchmark reiterated a "buy" rating on shares of Andersons in a research report on Wednesday, February 18th. BMO Capital Markets boosted their price objective on shares of Andersons from $65.00 to $75.00 and gave the stock an "outperform" rating in a research report on Thursday, February 19th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Andersons in a report on Wednesday, January 21st. Finally, Wall Street Zen cut Andersons from a "buy" rating to a "hold" rating in a research note on Saturday, March 14th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $68.33.
Check Out Our Latest Analysis on ANDE
Institutional Investors Weigh In On Andersons
A number of institutional investors have recently modified their holdings of the business. AQR Capital Management LLC lifted its stake in 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 purchasing an additional 2,137 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Andersons by 4.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,425 shares of the basic materials company's stock worth $834,000 after acquiring an additional 866 shares during the last quarter. Geode Capital Management LLC increased its position in Andersons by 0.6% in 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 period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Andersons by 7.7% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,279 shares of the basic materials company's stock valued at $304,000 after acquiring an additional 591 shares during the last quarter. Finally, SG Americas Securities LLC lifted its position in shares of Andersons by 552.8% in the 2nd quarter. SG Americas Securities LLC now owns 39,621 shares of the basic materials company's stock worth $1,456,000 after purchasing an additional 33,552 shares during the period. 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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