Andersons (NASDAQ:ANDE) Director Patrick Bowe Sells 900 Shares of Stock

The Andersons, Inc. (NASDAQ:ANDE) Director Patrick Bowe sold 900 shares of the company’s stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $78.06, for a total transaction of $70,254.00. Following the completion of the transaction, the director owned 113,975 shares in the company, valued at approximately $8,896,888.50. This represents a 0.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Andersons Price Performance

NASDAQ:ANDE opened at $78.54 on Friday. The Andersons, Inc. has a one year low of $31.03 and a one year high of $78.97. The company has a market cap of $2.67 billion, a P/E ratio of 28.05 and a beta of 0.68. The firm’s fifty day moving average price is $70.79 and its two-hundred day moving average price is $60.01. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.41 and a quick ratio of 0.60.

Andersons (NASDAQ:ANDE) last released its quarterly earnings data on Tuesday, February 17th. The basic materials company reported $2.04 EPS for the quarter, beating the consensus estimate of $1.56 by $0.48. Andersons had a net margin of 0.87% and a return on equity of 7.76%. The firm had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.69 billion. During the same period in the previous year, the company earned $1.31 earnings per share. The company’s quarterly revenue was down 18.8% on a year-over-year basis.

Andersons Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 22nd. Investors of record on Wednesday, April 1st were paid a $0.20 dividend. The ex-dividend date was Wednesday, April 1st. This represents a $0.80 annualized dividend and a dividend yield of 1.0%. Andersons’s dividend payout ratio is 28.57%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ANDE. Benchmark reaffirmed a “buy” rating on shares of Andersons in a research report on Wednesday, February 18th. BMO Capital Markets upped their price objective on shares of Andersons from $65.00 to $75.00 and gave the stock an “outperform” rating in a research report on Thursday, February 19th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Andersons in a research report on Monday, April 20th. Finally, Wall Street Zen cut shares of Andersons from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.33.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Uniplan Investment Counsel Inc. bought a new position in shares of Andersons in the fourth quarter worth about $25,000. Optima Capital LLC bought a new position in Andersons in the 4th quarter valued at approximately $32,000. Wealth Enhancement Advisory Services LLC bought a new position in Andersons in the 3rd quarter valued at approximately $30,000. Nomura Asset Management Co. Ltd. raised 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 buying an additional 400 shares during the last quarter. Finally, Larson Financial Group LLC raised 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 buying an additional 1,008 shares during the last quarter. Institutional investors own 87.06% of the company’s stock.

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.