Key Points
- Director Patrick Bowe sold 15,000 shares under a pre-arranged Rule 10b5-1 plan at an average price of $74.33 for a total of $1,114,950, trimming his stake by 10.35% to 129,875 shares (≈$9.65M).
- Q4 results: Andersons reported $2.04 EPS, beating the $1.56 consensus, but revenue fell 18.8% year-over-year to $2.54 billion, with a net margin of 0.87% and ROE of 7.76%.
- The company declared a quarterly dividend of $0.20 per share (payable Apr 22, ex-div Apr 1), implying an annualized $0.80 payout, a ~1.1% yield and a 28.57% payout ratio.
The Andersons, Inc. (NASDAQ:ANDE - Get Free Report) Director Patrick Bowe sold 15,000 shares of Andersons stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $74.33, for a total transaction of $1,114,950.00. Following the completion of the sale, the director owned 129,875 shares in the company, valued at approximately $9,653,608.75. This trade represents a 10.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Andersons Stock Down 2.0%
Shares of NASDAQ ANDE opened at $73.03 on Wednesday. The company's 50-day simple moving average is $67.75 and its 200-day simple moving average is $56.18. The Andersons, Inc. has a 52-week low of $31.03 and a 52-week high of $75.02. The firm has a market cap of $2.49 billion, a price-to-earnings ratio of 26.08 and a beta of 0.68. 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 announced its earnings results on Tuesday, February 17th. The basic materials company reported $2.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.48. Andersons had a net margin of 0.87% and a return on equity of 7.76%. The business had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.69 billion. During the same quarter last year, the business earned $1.31 earnings per share. The company's revenue for the quarter was down 18.8% compared to the same quarter last year. Equities analysts predict that The Andersons, Inc. will post 3.11 EPS for the current fiscal year.
Andersons Dividend Announcement
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 dividend of $0.20 per share. The ex-dividend date is Wednesday, April 1st. This represents a $0.80 dividend on an annualized basis and a yield of 1.1%. Andersons's payout ratio is presently 28.57%.
Hedge Funds Weigh In On Andersons
Institutional investors have recently bought and sold shares of the company. Public Sector Pension Investment Board raised its stake in Andersons by 20.5% during the third quarter. Public Sector Pension Investment Board now owns 132,511 shares of the basic materials company's stock worth $5,275,000 after purchasing an additional 22,579 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in Andersons during the third quarter worth about $1,320,000. Tudor Investment Corp ET AL raised its stake in Andersons by 149.9% during the third quarter. Tudor Investment Corp ET AL now owns 153,572 shares of the basic materials company's stock worth $6,114,000 after purchasing an additional 92,110 shares during the period. Walnut Level Capital LLC purchased a new position in Andersons during the second quarter worth about $6,989,000. Finally, Rhumbline Advisers raised its stake in Andersons by 16.9% during the third quarter. Rhumbline Advisers now owns 115,588 shares of the basic materials company's stock worth $4,602,000 after purchasing an additional 16,692 shares during the period. 87.06% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of equities analysts recently weighed in on ANDE shares. Weiss Ratings restated a "hold (c)" rating on shares of Andersons in a research report on Wednesday, January 21st. Wall Street Zen lowered shares of Andersons from a "buy" rating to a "hold" rating in a research report on Saturday, March 14th. Benchmark restated a "buy" rating on shares of Andersons in a research report on Wednesday, February 18th. Finally, BMO Capital Markets boosted their price target 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. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Andersons has a consensus rating of "Moderate Buy" and a consensus price target of $68.33.
Check Out Our Latest Stock Report on Andersons
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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