The Andersons, Inc. (NASDAQ:ANDE - Get Free Report) Director Patrick Bowe sold 2,407 shares of the business's stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $76.67, for a total value of $184,544.69. Following the transaction, the director directly owned 114,875 shares in the company, valued at $8,807,466.25. This trade represents a 2.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Andersons Stock Performance
NASDAQ ANDE opened at $75.97 on Tuesday. The stock's fifty day moving average is $70.06 and its two-hundred day moving average is $59.50. The firm has a market capitalization of $2.59 billion, a P/E ratio of 27.13 and a beta of 0.68. 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 fifty-two week low of $31.03 and a fifty-two week high of $77.06.
Andersons (NASDAQ:ANDE - Get Free Report) last released its quarterly earnings data on Tuesday, February 17th. The basic materials company reported $2.04 earnings per share for the quarter, topping analysts' consensus estimates of $1.56 by $0.48. The company had revenue of $2.54 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.31 earnings per share.
Andersons Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 1st were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, April 1st. This represents a $0.80 dividend on an annualized basis and a yield of 1.1%. Andersons's payout ratio is 28.57%.
Analyst Ratings Changes
A number of research firms have weighed in on ANDE. Weiss Ratings reissued a "hold (c)" rating on shares of Andersons in a research note on Monday, April 20th. Wall Street Zen lowered Andersons from a "buy" rating to a "hold" rating in a research note on Saturday, March 14th. Benchmark reaffirmed a "buy" rating on shares of Andersons in a research note on Wednesday, February 18th. Finally, BMO Capital Markets upped their price target on Andersons from $65.00 to $75.00 and gave the company an "outperform" rating in a research note on Thursday, February 19th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $68.33.
Check Out Our Latest Analysis on ANDE
Hedge Funds Weigh In On Andersons
Large investors have recently modified their holdings of the business. QRG Capital Management Inc. purchased a new stake in shares of Andersons in the 1st quarter valued at $242,000. Strs Ohio raised its holdings in shares of Andersons by 204.7% in the 1st quarter. Strs Ohio now owns 13,100 shares of the basic materials company's stock valued at $940,000 after buying an additional 8,800 shares during the period. Keybank National Association OH purchased a new stake in shares of Andersons in the 1st quarter valued at $339,000. Inspire Investing LLC raised its holdings in shares of Andersons by 256.2% in the 1st quarter. Inspire Investing LLC now owns 40,455 shares of the basic materials company's stock valued at $2,904,000 after buying an additional 29,099 shares during the period. Finally, 1492 Capital Management LLC raised its holdings in shares of Andersons by 32.7% in the 1st quarter. 1492 Capital Management LLC now owns 8,251 shares of the basic materials company's stock valued at $592,000 after buying an additional 2,033 shares during the period. 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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