The Andersons, Inc. (NASDAQ:ANDE – Get Free Report) 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 – Get Free Report) 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
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.
Check Out Our Latest Analysis on Andersons
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.
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