The Andersons, Inc. (NASDAQ:ANDE - Get Free Report) Director Patrick Bowe sold 900 shares of the stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $78.06, for a total transaction of $70,254.00. Following the sale, the director directly owned 113,975 shares of the company's stock, valued at $8,896,888.50. This represents a 0.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Andersons Stock Performance
NASDAQ:ANDE opened at $78.54 on Friday. The company has a market capitalization of $2.67 billion, a PE ratio of 28.05 and a beta of 0.68. The company has a 50 day simple moving average of $70.79 and a two-hundred day simple moving average of $60.01. 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 $78.97.
Andersons (NASDAQ:ANDE - Get Free Report) last released its earnings results 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 business had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.69 billion. Andersons had a net margin of 0.87% and a return on equity of 7.76%. The company's revenue for the quarter was down 18.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.31 EPS.
Andersons Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 1st were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, April 1st. This represents a $0.80 annualized dividend and a dividend yield of 1.0%. Andersons's dividend payout ratio (DPR) is 28.57%.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on ANDE shares. Wall Street Zen downgraded shares of Andersons from a "buy" rating to a "hold" rating in a research report on Saturday, March 14th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Andersons in a research report on Monday, April 20th. Benchmark reissued a "buy" rating on shares of Andersons in a research report on Wednesday, February 18th. Finally, BMO Capital Markets lifted their price target on shares of 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 stock. Based on data from MarketBeat, Andersons has an average rating of "Moderate Buy" and a consensus price target of $68.33.
Check Out Our Latest Analysis on Andersons
Hedge Funds Weigh In On Andersons
Several large investors have recently bought and sold shares of ANDE. Uniplan Investment Counsel Inc. bought a new position in Andersons during the 4th quarter valued at $25,000. Wealth Enhancement Advisory Services LLC bought a new position in Andersons during the 3rd quarter valued at $30,000. Optima Capital LLC bought a new stake in shares of Andersons during the 4th quarter worth $32,000. Larson Financial Group LLC raised its stake in shares of Andersons by 33,600.0% during the 3rd 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. Finally, Nomura Asset Management Co. Ltd. raised its stake in shares of Andersons by 95.2% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 820 shares of the basic materials company's stock worth $44,000 after purchasing an additional 400 shares during the period. 87.06% of the stock is currently owned by institutional investors.
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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