Key Points
- Director Patrick Bowe sold 3,534 Andersons shares at an average price of $80.53, generating approximately $284,593. The sale reduced his direct ownership by 4.51% to 74,875 shares and was conducted under a pre-arranged Rule 10b5-1 trading plan.
- Andersons reported quarterly earnings of $1.12 per share, beating the $0.70 consensus estimate, although revenue declined 1.2% year over year to $2.63 billion. The company also paid a quarterly dividend of $0.20 per share, representing a 1.1% yield.
- Analysts maintain a generally positive view, with the stock carrying a consensus “Buy” rating and an $85 price target. Shares opened at $73.19, while institutional investors own 87.06% of the company.
The Andersons, Inc. (NASDAQ:ANDE - Get Free Report) Director Patrick Bowe sold 3,534 shares of Andersons stock in a transaction that occurred on Wednesday, July 22nd. The stock was sold at an average price of $80.53, for a total value of $284,593.02. Following the completion of the sale, the director directly owned 74,875 shares in the company, valued at approximately $6,029,683.75. The trade was a 4.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Andersons Stock Down 1.9%
NASDAQ ANDE opened at $73.19 on Wednesday. The stock has a 50 day moving average price of $72.15 and a 200-day moving average price of $69.49. The Andersons, Inc. has a one year low of $31.84 and a one year high of $82.11. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.62 and a current ratio of 1.37. The company has a market capitalization of $2.49 billion, a P/E ratio of 19.47 and a beta of 0.65.
Andersons (NASDAQ:ANDE - Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.42. Andersons had a net margin of 1.17% and a return on equity of 10.68%. The company had revenue of $2.63 billion for the quarter, compared to analysts' expectations of $2.71 billion. During the same quarter in the previous year, the business posted $0.12 earnings per share. Andersons's quarterly revenue was down 1.2% on a year-over-year basis.
Andersons Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 1st were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Wednesday, July 1st. Andersons's dividend payout ratio is currently 21.28%.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of ANDE. Uniplan Investment Counsel Inc. bought a new stake in shares of Andersons during the 4th quarter worth approximately $25,000. Optima Capital LLC bought a new stake in shares of Andersons during the fourth quarter worth $32,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Andersons during the second quarter valued at $38,000. Larson Financial Group LLC grew its holdings in shares of Andersons by 33,600.0% in the third 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 last quarter. Finally, Nomura Asset Management Co. Ltd. increased its stake in Andersons by 95.2% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 820 shares of the basic materials company's stock worth $44,000 after buying an additional 400 shares during the period. Institutional investors own 87.06% of the company's stock.
Analyst Ratings Changes
Several equities research analysts have weighed in on ANDE shares. UBS Group set a $90.00 price objective on Andersons in a research note on Wednesday, May 20th. Weiss Ratings upgraded Andersons from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, May 7th. Wall Street Zen raised Andersons from a "hold" rating to a "buy" rating in a research report on Saturday, May 9th. The Goldman Sachs Group lowered Andersons to a "buy" rating in a report on Thursday, June 18th. Finally, Benchmark restated a "buy" rating on shares of Andersons in a research report on Monday, June 15th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $85.00.
Get Our Latest Analysis on ANDE
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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