Anne Rex Sells 2,624 Shares of Andersons (NASDAQ:ANDE) Stock

The Andersons, Inc. (NASDAQ:ANDE) VP Anne Rex sold 2,624 shares of the company’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $65.16, for a total transaction of $170,979.84. Following the transaction, the vice president owned 23,829 shares in the company, valued at approximately $1,552,697.64. This trade represents a 9.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Andersons Stock Up 0.8%

ANDE stock opened at $64.05 on Friday. The firm has a 50 day moving average of $61.41 and a 200 day moving average of $51.39. The stock has a market capitalization of $2.17 billion, a PE ratio of 22.88 and a beta of 0.74. The company has a quick ratio of 0.60, a current ratio of 1.41 and a debt-to-equity ratio of 0.43. The Andersons, Inc. has a 52 week low of $31.03 and a 52 week high of $70.06.

Andersons (NASDAQ:ANDE) last issued its quarterly earnings results on Tuesday, February 17th. The basic materials company reported $2.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.56 by $0.48. The business had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.69 billion. Andersons had a net margin of 0.87% and a return on equity of 7.76%. Andersons’s revenue for the quarter was down 18.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.31 EPS. Sell-side analysts forecast that The Andersons, Inc. will post 3.11 earnings per share for the current year.

Andersons Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 1st will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.2%. Andersons’s payout ratio is 28.57%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its position in Andersons by 0.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,349,243 shares of the basic materials company’s stock valued at $124,910,000 after purchasing an additional 17,278 shares during the period. First Trust Advisors LP raised its stake in shares of Andersons by 11.5% during the 2nd quarter. First Trust Advisors LP now owns 1,722,092 shares of the basic materials company’s stock valued at $63,287,000 after buying an additional 176,972 shares during the last quarter. Rubric Capital Management LP purchased a new position in shares of Andersons during the 4th quarter valued at about $53,469,000. Geode Capital Management LLC lifted its holdings in shares of Andersons by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 822,812 shares of the basic materials company’s stock valued at $43,757,000 after buying an additional 3,259 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in shares of Andersons by 354.7% in the 4th quarter. Victory Capital Management Inc. now owns 731,019 shares of the basic materials company’s stock valued at $38,868,000 after buying an additional 570,245 shares during the period. Hedge funds and other institutional investors own 87.06% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on ANDE shares. BMO Capital Markets raised their target price on Andersons from $65.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, February 19th. Weiss Ratings reissued a “hold (c)” rating on shares of Andersons in a report on Wednesday, January 21st. Benchmark restated a “buy” rating on shares of Andersons in a research note on Wednesday, February 18th. Finally, Wall Street Zen raised Andersons from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.