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 business’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $60.01, for a total transaction of $203,253.87. Following the completion of the transaction, the chief executive officer now owns 85,159 shares in the company, valued at approximately $5,110,391.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Andersons Trading Down 5.0 %

NASDAQ:ANDE opened at $57.38 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.72 and a quick ratio of 1.00. The firm has a 50-day moving average of $55.71 and a 200-day moving average of $53.60. The company has a market cap of $1.95 billion, a PE ratio of 19.52 and a beta of 0.68. The Andersons, Inc. has a one year low of $35.69 and a one year high of $61.46.

Andersons (NASDAQ:ANDE) last posted its earnings results on Wednesday, February 21st. The basic materials company reported $1.59 EPS for the quarter, topping the consensus estimate of $1.11 by $0.48. The company had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $4.26 billion. Andersons had a net margin of 0.69% and a return on equity of 8.19%. The firm’s revenue for the quarter was down 31.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.98 earnings per share. As a group, equities research analysts expect 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 given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.32%. The ex-dividend date was Thursday, March 28th. Andersons’s payout ratio is presently 25.85%.

Institutional Investors Weigh In On Andersons

Several hedge funds and other institutional investors have recently made changes to their positions in ANDE. GAMMA Investing LLC grew its position in Andersons by 65.8% in the 1st 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. bought a new stake in Andersons in the 3rd quarter worth about $33,000. Creekmur Asset Management LLC bought a new stake in Andersons in the 4th quarter worth about $41,000. Global Retirement Partners LLC bought a new stake in Andersons in the 1st quarter worth about $66,000. Finally, Mitsubishi UFJ Trust & Banking Corp bought a new stake in Andersons in the 3rd quarter worth about $107,000. 87.06% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Roth Capital reaffirmed a “buy” rating and issued a $65.00 price target on shares of Andersons in a research note on Tuesday, February 6th. StockNews.com raised shares of Andersons from a “hold” rating to a “buy” rating in a research note on Thursday, January 11th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price 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.