Key Points
- Director Patrick Bowe sold 19,100 shares of The Andersons on April 30 at an average price of $78.31 for about $1.496 million, reducing his stake by 16.76% to 94,875 shares; the trade was executed under a pre‑arranged Rule 10b5‑1 plan.
- In its latest quarter (reported Feb. 17) Andersons beat EPS estimates at $2.04 vs. $1.56 expected, but revenue fell 18.8% year‑over‑year and the company reported a slim net margin of 0.87%.
- The company pays a quarterly dividend of $0.20 (annualized $0.80, ~1.0% yield) and the stock is trading near its 1‑year high (~$79), with a market cap of about $2.7 billion and a P/E of 28.36.
The Andersons, Inc. (NASDAQ:ANDE - Get Free Report) Director Patrick Bowe sold 19,100 shares of the business's stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $78.31, for a total value of $1,495,721.00. Following the sale, the director directly owned 94,875 shares in the company, valued at $7,429,661.25. This trade represents a 16.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Andersons Stock Performance
ANDE opened at $79.42 on Tuesday. The Andersons, Inc. has a 1-year low of $31.03 and a 1-year high of $79.78. The stock has a market cap of $2.70 billion, a P/E ratio of 28.36 and a beta of 0.69. The stock's 50 day simple moving average is $70.79 and its 200 day simple moving average is $60.26. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.41 and a quick ratio of 0.60.
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 the consensus estimate of $1.56 by $0.48. The firm had revenue of $2.54 billion during the quarter, compared to analysts' expectations of $2.69 billion. Andersons had a return on equity of 7.76% and a net margin of 0.87%.Andersons's revenue was down 18.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.31 earnings per share.
Andersons Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 1st were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Wednesday, April 1st. Andersons's payout ratio is 28.57%.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on the stock. Weiss Ratings reissued a "hold (c)" rating on shares of Andersons in a research note on Monday, April 20th. Benchmark restated a "buy" rating on shares of Andersons in a research report on Wednesday, February 18th. BMO Capital Markets increased 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. Finally, Wall Street Zen cut shares of Andersons from a "buy" rating to a "hold" rating in a research note on Saturday, March 14th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $68.33.
Read Our Latest Report on ANDE
Institutional Trading of Andersons
Large investors have recently made changes to their positions in the stock. Rubric Capital Management LP purchased a new stake in Andersons during the 4th quarter worth about $53,469,000. Ophir Asset Management Pty Ltd purchased a new position in Andersons in the 4th quarter valued at about $38,746,000. Victory Capital Management Inc. lifted its holdings in Andersons by 354.7% in the 4th quarter. Victory Capital Management Inc. now owns 731,019 shares of the basic materials company's stock valued at $38,868,000 after purchasing an additional 570,245 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of Andersons by 82.1% during the 4th quarter. Janus Henderson Group PLC now owns 637,342 shares of the basic materials company's stock worth $33,875,000 after purchasing an additional 287,304 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its holdings in shares of Andersons by 162.8% during the third quarter. Jacobs Levy Equity Management Inc. now owns 438,219 shares of the basic materials company's stock worth $17,445,000 after buying an additional 271,451 shares in the last quarter. Institutional investors and hedge funds 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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