Andersons (NASDAQ:ANDE) Director Patrick Bowe Sells 3,534 Shares

The Andersons, Inc. (NASDAQ:ANDE) Director Patrick Bowe sold 3,534 shares of the business’s stock in a transaction on Wednesday, July 22nd. The shares were sold at an average price of $80.53, for a total transaction of $284,593.02. Following the sale, the director directly owned 74,875 shares of the company’s stock, valued at approximately $6,029,683.75. The trade was a 4.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Andersons Price Performance

Shares of Andersons stock opened at $73.19 on Wednesday. The stock has a market cap of $2.49 billion, a P/E ratio of 19.47 and a beta of 0.65. 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 stock’s fifty day moving average is $72.15 and its 200 day moving average is $69.49. The Andersons, Inc. has a one year low of $31.84 and a one year high of $82.11.

Andersons (NASDAQ:ANDE) last released its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.42. The business had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.71 billion. Andersons had a return on equity of 10.68% and a net margin of 1.17%.Andersons’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.12 earnings per share.

Andersons Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 22nd. Investors of record on Wednesday, July 1st were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Wednesday, July 1st. Andersons’s dividend payout ratio is currently 21.28%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on ANDE shares. The Goldman Sachs Group lowered shares of Andersons to a “buy” rating in a research report on Thursday, June 18th. Wall Street Zen upgraded shares of Andersons from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Weiss Ratings raised shares of Andersons from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. Benchmark reiterated a “buy” rating on shares of Andersons in a research note on Monday, June 15th. Finally, UBS Group set a $90.00 price target on Andersons in a report on Wednesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $85.00.

Institutional Investors Weigh In On Andersons

A number of institutional investors have recently added to or reduced their stakes in the stock. Uniplan Investment Counsel Inc. purchased a new position in shares of Andersons in the fourth quarter worth $25,000. Optima Capital LLC purchased a new position in Andersons during the fourth quarter valued at $32,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Andersons during the second quarter valued at $38,000. Larson Financial Group LLC increased its holdings in Andersons by 33,600.0% in the 3rd quarter. Larson Financial Group LLC now owns 1,011 shares of the basic materials company’s stock valued at $40,000 after acquiring an additional 1,008 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its holdings 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 valued at $44,000 after acquiring an additional 400 shares during the last quarter. 87.06% of the stock is owned by hedge funds and other institutional investors.

Andersons Company Profile

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.