The Andersons, Inc. (NASDAQ:ANDE) CEO Sells $203,253.87 in Stock

The Andersons, Inc. (NASDAQ:ANDE) CEO Patrick E. Bowe sold 3,387 shares of the company’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $60.01, for a total transaction of $203,253.87. Following the sale, the chief executive officer now owns 85,159 shares in the company, valued at $5,110,391.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Andersons Stock Performance

Shares of Andersons stock opened at $56.60 on Friday. The firm has a market capitalization of $1.93 billion, a P/E ratio of 19.25 and a beta of 0.68. The Andersons, Inc. has a 52 week low of $35.69 and a 52 week high of $61.46. The company has a quick ratio of 1.00, a current ratio of 1.72 and a debt-to-equity ratio of 0.37. The firm’s 50 day moving average is $55.75 and its two-hundred day moving average is $53.62.

Andersons (NASDAQ:ANDE) last announced its quarterly earnings results on Wednesday, February 21st. The basic materials company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.11 by $0.48. The company had revenue of $3.21 billion for the quarter, compared to analyst estimates of $4.26 billion. Andersons had a net margin of 0.69% and a return on equity of 8.19%. The firm’s revenue was down 31.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.98 earnings per share. Research analysts forecast that The Andersons, Inc. will post 2.54 EPS for the current fiscal year.

Andersons Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Monday, April 1st were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend was Thursday, March 28th. Andersons’s payout ratio is currently 25.85%.

Institutional Investors Weigh In On Andersons

Large investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Andersons by 1.2% in the third quarter. Vanguard Group Inc. now owns 3,971,447 shares of the basic materials company’s stock valued at $204,569,000 after acquiring an additional 47,494 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of Andersons by 111.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 88,336 shares of the basic materials company’s stock valued at $5,083,000 after acquiring an additional 46,587 shares during the period. Nordea Investment Management AB lifted its holdings in shares of Andersons by 1.9% during the third quarter. Nordea Investment Management AB now owns 38,389 shares of the basic materials company’s stock worth $1,981,000 after purchasing an additional 714 shares during the period. O Shaughnessy Asset Management LLC lifted its holdings in shares of Andersons by 199.1% during the third quarter. O Shaughnessy Asset Management LLC now owns 61,649 shares of the basic materials company’s stock worth $3,176,000 after purchasing an additional 41,037 shares during the period. Finally, Ritholtz Wealth Management lifted its holdings in shares of Andersons by 35.0% during the fourth quarter. Ritholtz Wealth Management now owns 16,713 shares of the basic materials company’s stock worth $962,000 after purchasing an additional 4,337 shares during the period. 87.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ANDE. StockNews.com upgraded shares of Andersons from a “hold” rating to a “buy” rating in a research note on Thursday, January 11th. Roth Capital reiterated a “buy” rating and issued a $65.00 price target on shares of Andersons in a research note on Tuesday, February 6th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $62.50.

Andersons Company Profile

The Andersons, Inc operates in trade, renewables, and nutrient and industrial sectors in the United States, Canada, Mexico, Egypt, Switzerland, and internationally. It operates through three segments: Trade, Renewables, and Nutrient & Industrial. The company's Trade segment operates grain elevators; stores commodities; and provides grain marketing, risk management, and origination services, as well as sells commodities, such as corn, soybeans, wheat, oats, ethanol, and corn oil.