Insider Selling: The Andersons, Inc. (NASDAQ:ANDE) CEO Sells 3,387 Shares of Stock

The Andersons, Inc. (NASDAQ:ANDE) CEO Patrick E. Bowe sold 3,387 shares of the stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $60.01, for a total transaction of $203,253.87. Following the transaction, the chief executive officer now directly owns 85,159 shares of the company’s stock, valued at $5,110,391.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Andersons Trading Down 3.8 %

Shares of ANDE traded down $2.30 during mid-day trading on Wednesday, reaching $58.11. The company had a trading volume of 81,694 shares, compared to its average volume of 182,835. The stock has a market cap of $1.98 billion, a price-to-earnings ratio of 20.25 and a beta of 0.68. The firm has a fifty day simple moving average of $55.61 and a 200-day simple moving average of $53.57. The Andersons, Inc. has a fifty-two week low of $35.69 and a fifty-two week high of $61.46. The company has a current ratio of 1.72, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37.

Andersons (NASDAQ:ANDE) last issued its earnings results on Wednesday, February 21st. The basic materials company reported $1.59 EPS for the quarter, beating 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 business had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $4.26 billion. During the same quarter last year, the firm posted $0.98 EPS. The business’s revenue for the quarter was down 31.3% compared to the same quarter last year. On average, sell-side analysts anticipate that The Andersons, Inc. will post 2.54 EPS for the current fiscal year.

Andersons Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Monday, April 1st were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date was Thursday, March 28th. Andersons’s dividend payout ratio is presently 25.85%.

Hedge Funds Weigh In On Andersons

Hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC raised its stake in shares of 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 acquiring an additional 208 shares during the period. C M Bidwell & Associates Ltd. purchased a new stake in Andersons during the 3rd quarter worth $33,000. Creekmur Asset Management LLC purchased a new stake in Andersons during the 4th quarter worth $41,000. Global Retirement Partners LLC purchased a new stake in Andersons during the 1st quarter worth $66,000. Finally, Meeder Asset Management Inc. purchased a new stake in Andersons during the 4th quarter worth $110,000. Hedge funds and other institutional investors own 87.06% of the company’s stock.

Wall Street Analyst Weigh In

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