The Andersons, Inc. (NASDAQ:ANDE) CEO Patrick E. Bowe Sells 3,387 Shares of Stock

The Andersons, Inc. (NASDAQ:ANDE) CEO Patrick E. Bowe sold 3,387 shares of the business’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $60.01, for a total value of $203,253.87. Following the completion of the transaction, the chief executive officer now directly owns 85,159 shares in the company, valued at $5,110,391.59. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Andersons Price Performance

ANDE stock opened at $57.38 on Thursday. The stock has a 50-day moving average price of $55.71 and a two-hundred day moving average price of $53.60. The stock has a market cap of $1.95 billion, a PE ratio of 19.52 and a beta of 0.68. The company has a current ratio of 1.72, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37. The Andersons, Inc. has a 1 year low of $35.69 and a 1 year high of $61.46.

Andersons (NASDAQ:ANDE) last posted its quarterly earnings data on Wednesday, February 21st. The basic materials company reported $1.59 EPS 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 company had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $4.26 billion. During the same period in the prior year, the business posted $0.98 EPS. The company’s quarterly revenue was down 31.3% on a year-over-year basis. Equities analysts forecast that The Andersons, Inc. will post 2.54 EPS for the current fiscal year.

Andersons Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Monday, April 1st were paid a dividend of $0.19 per share. The ex-dividend date was Thursday, March 28th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.32%. Andersons’s dividend payout ratio is 25.85%.

Hedge Funds Weigh In On Andersons

A number of large investors have recently modified their holdings of ANDE. GAMMA Investing LLC lifted its stake in Andersons by 65.8% in the 1st quarter. GAMMA Investing LLC now owns 524 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 208 shares during the last quarter. C M Bidwell & Associates Ltd. acquired a new stake in Andersons in the 3rd quarter valued at about $33,000. Creekmur Asset Management LLC acquired a new stake in Andersons in the 4th quarter valued at about $41,000. Global Retirement Partners LLC acquired a new stake in Andersons in the 1st quarter valued at about $66,000. Finally, Meeder Asset Management Inc. acquired a new stake in Andersons in the 4th quarter valued at about $110,000. 87.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have issued reports on ANDE. StockNews.com raised Andersons from a “hold” rating to a “buy” rating in a report on Thursday, January 11th. Roth Capital reiterated a “buy” rating and set a $65.00 target price on shares of Andersons in a research report on Tuesday, February 6th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $62.50.

About Andersons

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.