Patrick Bowe Sells 500 Shares of Andersons (NASDAQ:ANDE) Stock

The Andersons, Inc. (NASDAQ:ANDE) Director Patrick Bowe sold 500 shares of the business’s stock in a transaction dated Tuesday, April 21st. The stock was sold at an average price of $76.01, for a total value of $38,005.00. Following the completion of the sale, the director directly owned 129,375 shares of the company’s stock, valued at $9,833,793.75. This represents a 0.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Andersons Stock Up 1.0%

Shares of NASDAQ:ANDE traded up $0.80 on Thursday, reaching $76.70. The company had a trading volume of 69,602 shares, compared to its average volume of 321,099. The Andersons, Inc. has a twelve month low of $31.03 and a twelve month high of $77.05. The stock has a 50-day moving average price of $69.63 and a 200 day moving average price of $58.66. The stock has a market capitalization of $2.61 billion, a P/E ratio of 27.39 and a beta of 0.68. The company has a quick ratio of 0.60, a current ratio of 1.41 and a debt-to-equity ratio of 0.43.

Andersons (NASDAQ:ANDE) last announced its quarterly earnings results on Tuesday, February 17th. The basic materials company reported $2.04 earnings per share for the quarter, topping analysts’ consensus estimates of $1.56 by $0.48. Andersons had a return on equity of 7.76% and a net margin of 0.87%.The company had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.69 billion. During the same quarter in the previous year, the firm earned $1.31 earnings per share. The business’s quarterly revenue was down 18.8% compared to the same quarter last year.

Andersons Dividend Announcement

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

Hedge Funds Weigh In On Andersons

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Uniplan Investment Counsel Inc. bought a new position in Andersons during the fourth quarter valued at about $25,000. Wealth Enhancement Advisory Services LLC bought a new position in Andersons during the third quarter valued at about $30,000. Optima Capital LLC bought a new position in Andersons during the fourth quarter valued at about $32,000. Larson Financial Group LLC increased its stake in Andersons by 33,600.0% during the third 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 period. Finally, Nomura Asset Management Co. Ltd. increased its stake in Andersons by 95.2% during the fourth 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 period. 87.06% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ANDE has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Andersons in a research note on Monday. Wall Street Zen lowered Andersons from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. BMO Capital Markets lifted their price objective on Andersons from $65.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, February 19th. Finally, Benchmark reiterated a “buy” rating on shares of Andersons in a research note on Wednesday, February 18th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.33.

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.