Andersons (NASDAQ:ANDE) Director Sells $184,544.69 in Stock

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

Andersons Stock Up 1.3%

NASDAQ ANDE opened at $77.60 on Thursday. The firm has a market cap of $2.64 billion, a PE ratio of 27.71 and a beta of 0.68. The Andersons, Inc. has a one year low of $31.03 and a one year high of $78.41. The stock’s 50 day simple moving average is $70.52 and its 200 day simple moving average is $59.88. 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 results on Tuesday, February 17th. The basic materials company reported $2.04 EPS for the quarter, topping analysts’ consensus estimates of $1.56 by $0.48. The business had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.69 billion. Andersons had a return on equity of 7.76% and a net margin of 0.87%.Andersons’s revenue for the quarter was down 18.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.31 EPS.

Andersons Dividend Announcement

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

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ANDE. Uniplan Investment Counsel Inc. acquired a new position in Andersons during the 4th quarter worth $25,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Andersons in the 3rd quarter valued at $30,000. Optima Capital LLC acquired a new position in shares of Andersons in the 4th quarter valued at $32,000. Larson Financial Group LLC lifted its stake in shares of 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 purchasing an additional 1,008 shares during the period. Finally, Nomura Asset Management Co. Ltd. lifted its stake in shares of 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 purchasing an additional 400 shares during the period. Institutional investors and hedge funds own 87.06% of the company’s stock.

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.