The Andersons, Inc. (NASDAQ:ANDE) Director Michael J. Anderson Sells 3,000 Shares

The Andersons, Inc. (NASDAQ:ANDE) Director Michael J. Anderson sold 3,000 shares of the business’s stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $59.00, for a total value of $177,000.00. Following the completion of the transaction, the director now directly owns 209,968 shares of the company’s stock, valued at $12,388,112. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Andersons Trading Down 1.4 %

Shares of NASDAQ:ANDE opened at $56.60 on Friday. The business’s 50-day moving average is $55.75 and its 200 day moving average is $53.62. The Andersons, Inc. has a 1 year low of $35.69 and a 1 year high of $61.46. The firm has a market capitalization of $1.93 billion, a P/E ratio of 19.25 and a beta of 0.68. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.72 and a quick ratio of 1.00.

Andersons (NASDAQ:ANDE) last announced its quarterly earnings data on Wednesday, February 21st. The basic materials company reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.48. Andersons had a return on equity of 8.19% and a net margin of 0.69%. The firm had revenue of $3.21 billion during the quarter, compared to analysts’ expectations of $4.26 billion. During the same period last year, the business posted $0.98 earnings per share. The company’s revenue for the quarter was down 31.3% compared to the same quarter last year. On average, research analysts predict that The Andersons, Inc. will post 2.54 earnings per share for the current fiscal year.

Andersons Dividend Announcement

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. GAMMA Investing LLC raised its stake in shares of Andersons by 65.8% in the first quarter. GAMMA Investing LLC now owns 524 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 208 shares during the last quarter. C M Bidwell & Associates Ltd. acquired a new stake in Andersons during the third quarter worth about $33,000. Creekmur Asset Management LLC acquired a new stake in Andersons during the fourth quarter worth about $41,000. Global Retirement Partners LLC acquired a new stake in Andersons in the first quarter valued at approximately $66,000. Finally, Meeder Asset Management Inc. acquired a new stake in Andersons in the fourth quarter valued at approximately $110,000. 87.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the company. StockNews.com raised Andersons from a “hold” rating to a “buy” rating in a research report on Thursday, January 11th. Roth Capital reaffirmed a “buy” rating and set a $65.00 target price on shares of Andersons in a research report on Tuesday, February 6th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $62.50.

About Andersons

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.