The Andersons, Inc. (NASDAQ:ANDE) VP Sells $38,400.00 in Stock

The Andersons, Inc. (NASDAQ:ANDE) VP Weston Heide sold 800 shares of Andersons stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $48.00, for a total value of $38,400.00. Following the completion of the transaction, the vice president now owns 16,104 shares in the company, valued at $772,992. This trade represents a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Andersons Trading Down 6.3 %

ANDE traded down $3.03 during trading on Thursday, hitting $44.79. The company’s stock had a trading volume of 113,710 shares, compared to its average volume of 264,734. The Andersons, Inc. has a twelve month low of $39.25 and a twelve month high of $61.46. The stock has a market cap of $1.53 billion, a PE ratio of 13.52 and a beta of 0.58. The firm’s 50 day moving average price is $41.83 and its 200-day moving average price is $45.95. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.98 and a quick ratio of 1.23.

Andersons (NASDAQ:ANDE) last issued its quarterly earnings results on Tuesday, February 18th. The basic materials company reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.34. The firm had revenue of $3.12 billion for the quarter, compared to analyst estimates of $2.72 billion. Andersons had a return on equity of 7.71% and a net margin of 1.01%. On average, analysts expect that The Andersons, Inc. will post 3.11 earnings per share for the current year.

Andersons Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Tuesday, April 1st will be issued a $0.195 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $0.78 dividend on an annualized basis and a yield of 1.74%. Andersons’s payout ratio is 23.49%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on ANDE shares. Stephens reiterated an “overweight” rating and set a $55.00 price target on shares of Andersons in a research note on Wednesday. StockNews.com upgraded shares of Andersons from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th.

Hedge Funds Weigh In On Andersons

Several institutional investors and hedge funds have recently bought and sold shares of ANDE. Public Employees Retirement System of Ohio acquired a new position in shares of Andersons in the 4th quarter valued at $973,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Andersons by 15.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 92,692 shares of the basic materials company’s stock valued at $3,756,000 after purchasing an additional 12,430 shares during the last quarter. Voloridge Investment Management LLC acquired a new stake in Andersons in the fourth quarter valued at $8,651,000. Vident Advisory LLC grew its stake in Andersons by 16.5% in the fourth quarter. Vident Advisory LLC now owns 10,984 shares of the basic materials company’s stock worth $445,000 after purchasing an additional 1,554 shares in the last quarter. Finally, Squarepoint Ops LLC grew its stake in Andersons by 374.1% in the fourth quarter. Squarepoint Ops LLC now owns 47,410 shares of the basic materials company’s stock worth $1,921,000 after purchasing an additional 37,410 shares in the last quarter. Institutional investors and hedge funds own 87.06% of the company’s stock.

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.