Andersons (NASDAQ:ANDE) Director Sells $1,329,794.16 in Stock

The Andersons, Inc. (NASDAQ:ANDE) Director Patrick Bowe sold 16,466 shares of Andersons stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $80.76, for a total transaction of $1,329,794.16. Following the sale, the director directly owned 78,409 shares of the company’s stock, valued at $6,332,310.84. This represents a 17.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Andersons Price Performance

Shares of ANDE stock opened at $71.45 on Friday. The Andersons, Inc. has a 12-month low of $31.84 and a 12-month high of $82.11. The firm has a market capitalization of $2.43 billion, a price-to-earnings ratio of 19.00 and a beta of 0.69. The company has a quick ratio of 0.60, a current ratio of 1.37 and a debt-to-equity ratio of 0.43. The firm has a fifty day moving average of $71.26 and a 200-day moving average of $60.81.

Andersons (NASDAQ:ANDE) last announced its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.42. Andersons had a net margin of 1.17% and a return on equity of 10.68%. The company had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.71 billion. During the same quarter in the previous year, the business earned $0.12 EPS. The firm’s revenue was down 1.2% on a year-over-year basis.

Andersons Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 1st were issued a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, April 1st. This represents a $0.80 annualized dividend and a dividend yield of 1.1%. Andersons’s payout ratio is 21.28%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on ANDE shares. Benchmark boosted their price target on shares of Andersons from $75.00 to $90.00 and gave the company a “buy” rating in a report on Thursday. Weiss Ratings raised shares of Andersons from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday. Wall Street Zen raised shares of Andersons from a “hold” rating to a “buy” rating in a report on Saturday. Finally, BMO Capital Markets boosted their price target on shares of Andersons from $65.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday, February 19th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.50.

Hedge Funds Weigh In On Andersons

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dorsey Wright & Associates acquired a new position in Andersons in the 1st quarter worth $1,257,000. Barings LLC acquired a new position in Andersons in the 1st quarter worth $1,873,000. Allspring Global Investments Holdings LLC boosted its stake in Andersons by 11.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 19,443 shares of the basic materials company’s stock worth $1,413,000 after purchasing an additional 2,015 shares during the period. D.A. Davidson & CO. acquired a new position in Andersons in the 1st quarter worth $215,000. Finally, Hillsdale Investment Management Inc. acquired a new position in Andersons in the 1st quarter worth $354,000. 87.06% of the stock is owned by institutional investors and hedge funds.

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.