Insider Selling: The Andersons, Inc. (NASDAQ:ANDE) Director Sells $177,000.00 in Stock

The Andersons, Inc. (NASDAQ:ANDE) Director Michael J. Anderson sold 3,000 shares of Andersons stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $59.00, for a total value of $177,000.00. Following the completion of the transaction, the director now directly owns 209,968 shares in the company, valued at $12,388,112. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Andersons Stock Performance

Shares of NASDAQ:ANDE opened at $56.91 on Friday. The business’s fifty day moving average price is $55.80 and its two-hundred day moving average price is $53.66. The Andersons, Inc. has a fifty-two week low of $35.69 and a fifty-two week high of $61.46. The stock has a market capitalization of $1.94 billion, a price-to-earnings ratio of 19.36 and a beta of 0.68. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.72 and a quick ratio of 1.00.

Andersons (NASDAQ:ANDE) 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. The company had revenue of $3.21 billion for the quarter, compared to analyst estimates of $4.26 billion. Andersons had a return on equity of 8.19% and a net margin of 0.69%. The business’s revenue was down 31.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.98 earnings per share. As a group, analysts predict that The Andersons, Inc. will post 2.54 EPS for the current fiscal year.

Andersons Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Monday, April 1st were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date was Thursday, March 28th. Andersons’s dividend payout ratio is currently 25.85%.

Hedge Funds Weigh In On Andersons

Institutional investors and hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC boosted its stake in Andersons by 65.8% in the first quarter. GAMMA Investing LLC now owns 524 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 208 shares in the last quarter. C M Bidwell & Associates Ltd. acquired a new position in Andersons in the third quarter worth $33,000. Creekmur Asset Management LLC acquired a new position in shares of Andersons during the fourth quarter valued at $41,000. Global Retirement Partners LLC acquired a new position in shares of Andersons during the first quarter valued at $66,000. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of Andersons during the third quarter valued at $107,000. Institutional investors and hedge funds own 87.06% of the company’s stock.

Analyst Upgrades and Downgrades

ANDE has been the topic of several recent analyst reports. Roth Capital reaffirmed a “buy” rating and issued a $65.00 price target on shares of Andersons in a research report on Tuesday, February 6th. StockNews.com raised Andersons from a “hold” rating to a “buy” rating in a research report on Thursday, January 11th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $62.50.

Andersons Company Profile

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.