The Andersons, Inc. (NASDAQ:ANDE – Get Free Report) Director Michael J. Anderson sold 3,000 shares of the company’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $59.00, for a total transaction of $177,000.00. Following the transaction, the director now owns 209,968 shares of the company’s stock, valued at approximately $12,388,112. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Andersons Trading Down 5.0 %
ANDE opened at $57.38 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.72 and a quick ratio of 1.00. The company’s 50 day simple moving average is $55.71 and its two-hundred day simple moving average is $53.60. The Andersons, Inc. has a 1-year low of $35.69 and a 1-year high of $61.46. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of 19.52 and a beta of 0.68.
Andersons (NASDAQ:ANDE – Get Free Report) last released its earnings results on Wednesday, February 21st. The basic materials company reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.48. Andersons had a net margin of 0.69% and a return on equity of 8.19%. The business had revenue of $3.21 billion for the quarter, compared to analyst estimates of $4.26 billion. During the same period last year, the company posted $0.98 EPS. The business’s revenue was down 31.3% on a year-over-year basis. Analysts expect that The Andersons, Inc. will post 2.54 EPS for the current fiscal year.
Andersons Announces Dividend
Institutional Trading of Andersons
Institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC raised its position in shares of Andersons by 65.8% during the 1st quarter. GAMMA Investing LLC now owns 524 shares of the basic materials company’s stock valued at $30,000 after buying an additional 208 shares during the period. C M Bidwell & Associates Ltd. purchased a new stake in shares of Andersons during the 3rd quarter valued at approximately $33,000. Creekmur Asset Management LLC purchased a new stake in shares of Andersons during the 4th quarter valued at approximately $41,000. Global Retirement Partners LLC purchased a new stake in shares of Andersons during the 1st quarter valued at approximately $66,000. Finally, Mitsubishi UFJ Trust & Banking Corp purchased a new stake in shares of Andersons during the 3rd quarter valued at approximately $107,000. Hedge funds and other institutional investors own 87.06% of the company’s stock.
Analyst Ratings Changes
ANDE has been the subject of several research analyst reports. Roth Capital restated a “buy” rating and set a $65.00 price target on shares of Andersons in a research report on Tuesday, February 6th. StockNews.com upgraded shares of Andersons from a “hold” rating to a “buy” rating in a research report on Thursday, January 11th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Andersons currently has a consensus rating of “Buy” and a consensus price target of $62.50.
Get Our Latest Stock Report on Andersons
Andersons Company Profile
The Andersons, Inc operates in trade, renewables, and nutrient and industrial sectors in the United States, Canada, Mexico, Egypt, Switzerland, and internationally. It operates through three segments: Trade, Renewables, and Nutrient & Industrial. The company's Trade segment operates grain elevators; stores commodities; and provides grain marketing, risk management, and origination services, as well as sells commodities, such as corn, soybeans, wheat, oats, ethanol, and corn oil.
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