Insider Selling: Andersons (NASDAQ:ANDE) Director Sells 15,000 Shares of Stock

The Andersons, Inc. (NASDAQ:ANDE) Director Patrick Bowe sold 15,000 shares of the stock in a transaction on Monday, April 6th. The stock was sold at an average price of $74.33, for a total transaction of $1,114,950.00. Following the sale, the director directly owned 129,875 shares in the company, valued at $9,653,608.75. This trade represents a 10.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Andersons Stock Performance

NASDAQ ANDE traded down $1.46 during mid-day trading on Tuesday, reaching $73.03. 328,595 shares of the stock were exchanged, compared to its average volume of 329,760. The business’s 50 day moving average is $67.50 and its 200-day moving average is $55.94. The Andersons, Inc. has a 1 year low of $31.03 and a 1 year high of $75.02. The company has a market capitalization of $2.49 billion, a P/E ratio of 26.08 and a beta of 0.68. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.60 and a current ratio of 1.41.

Andersons (NASDAQ:ANDE) last posted its quarterly earnings data on Tuesday, February 17th. The basic materials company reported $2.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.48. The business had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.69 billion. Andersons had a net margin of 0.87% and a return on equity of 7.76%. The company’s revenue was down 18.8% compared to the same quarter last year. During the same period last year, the firm posted $1.31 earnings per share. On average, equities research analysts forecast that The Andersons, Inc. will post 3.11 EPS for the current fiscal year.

Andersons Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 1st will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Wednesday, April 1st. Andersons’s dividend payout ratio (DPR) is presently 28.57%.

Hedge Funds Weigh In On Andersons

A number of institutional investors have recently bought and sold shares of ANDE. AQR Capital Management LLC raised its stake in Andersons by 5.5% during the first quarter. AQR Capital Management LLC now owns 40,727 shares of the basic materials company’s stock worth $1,748,000 after purchasing an additional 2,137 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Andersons by 4.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,425 shares of the basic materials company’s stock worth $834,000 after purchasing an additional 866 shares during the period. Cetera Investment Advisers purchased a new position in Andersons during the second quarter worth about $257,000. XTX Topco Ltd purchased a new position in Andersons during the second quarter worth about $201,000. Finally, Hsbc Holdings PLC raised its stake in Andersons by 40.5% during the second quarter. Hsbc Holdings PLC now owns 33,282 shares of the basic materials company’s stock worth $1,218,000 after purchasing an additional 9,597 shares during the period. 87.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ANDE has been the topic of several recent analyst reports. Wall Street Zen downgraded shares of Andersons from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Andersons in a research report on Wednesday, January 21st. Benchmark reiterated a “buy” rating on shares of Andersons in a research report on Wednesday, February 18th. Finally, BMO Capital Markets increased their target price on shares of Andersons from $65.00 to $75.00 and gave the company an “outperform” rating in a research report on Thursday, February 19th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $68.33.

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.