Andersons (NASDAQ:ANDE) Director Patrick Bowe Sells 2,407 Shares

The Andersons, Inc. (NASDAQ:ANDE) Director Patrick Bowe sold 2,407 shares of Andersons stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $76.67, for a total value of $184,544.69. Following the transaction, the director owned 114,875 shares of the company’s stock, valued at approximately $8,807,466.25. This represents a 2.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Andersons Stock Up 0.1%

Shares of ANDE stock opened at $75.97 on Tuesday. The stock has a market cap of $2.59 billion, a P/E ratio of 27.13 and a beta of 0.68. The Andersons, Inc. has a twelve month low of $31.03 and a twelve month high of $77.06. The stock has a 50 day moving average of $70.06 and a 200 day moving average of $59.50. The company has a current ratio of 1.41, a quick ratio of 0.60 and a debt-to-equity ratio of 0.43.

Andersons (NASDAQ:ANDE) last posted its quarterly earnings data on Tuesday, February 17th. The basic materials company reported $2.04 EPS 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 analysts’ expectations of $2.69 billion. Andersons had a return on equity of 7.76% and a net margin of 0.87%.The business’s revenue was down 18.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.31 earnings per share.

Andersons Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 1st were given a $0.20 dividend. The ex-dividend date was Wednesday, April 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.1%. Andersons’s payout ratio is 28.57%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on ANDE shares. Weiss Ratings restated a “hold (c)” rating on shares of Andersons in a research report on Monday, April 20th. Benchmark restated a “buy” rating on shares of Andersons in a research report on Wednesday, February 18th. BMO Capital Markets boosted their price objective on 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 Andersons from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $68.33.

Institutional Trading of Andersons

A number of institutional investors have recently made changes to their positions in ANDE. Rubric Capital Management LP acquired a new stake in shares of Andersons in the fourth quarter worth approximately $53,469,000. Ophir Asset Management Pty Ltd acquired a new stake in shares of Andersons in the fourth quarter worth approximately $38,746,000. Victory Capital Management Inc. boosted its stake in shares of Andersons by 354.7% in the fourth quarter. Victory Capital Management Inc. now owns 731,019 shares of the basic materials company’s stock worth $38,868,000 after acquiring an additional 570,245 shares during the last quarter. Janus Henderson Group PLC boosted its stake in shares of Andersons by 82.1% in the fourth quarter. Janus Henderson Group PLC now owns 637,342 shares of the basic materials company’s stock worth $33,875,000 after acquiring an additional 287,304 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its stake in shares of Andersons by 162.8% in 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 acquiring an additional 271,451 shares during the last quarter. 87.06% of the stock is owned by institutional investors and hedge funds.

About Andersons

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.