The Andersons, Inc. (NASDAQ:ANDE) Director Michael J. Anderson Sells 3,000 Shares of Stock

The Andersons, Inc. (NASDAQ:ANDE) Director Michael J. Anderson sold 3,000 shares of the stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $59.00, for a total value of $177,000.00. Following the sale, the director now owns 209,968 shares in the company, valued at $12,388,112. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Andersons Stock Performance

ANDE stock opened at $57.38 on Thursday. The company has a market cap of $1.95 billion, a P/E ratio of 19.52 and a beta of 0.68. The Andersons, Inc. has a 1 year low of $35.69 and a 1 year high of $61.46. 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 stock’s fifty day moving average price is $55.71 and its 200-day moving average price is $53.60.

Andersons (NASDAQ:ANDE) last released its quarterly earnings results on Wednesday, February 21st. The basic materials company reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.48. The firm had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $4.26 billion. Andersons had a return on equity of 8.19% and a net margin of 0.69%. The company’s revenue for the quarter was down 31.3% on a year-over-year basis. During the same period last year, the business posted $0.98 EPS. On average, equities analysts forecast that The Andersons, Inc. will post 2.54 earnings per share for the current year.

Andersons Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Monday, April 1st were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $0.76 annualized dividend and a yield of 1.32%. Andersons’s dividend payout ratio (DPR) is presently 25.85%.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Andersons

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Global Retirement Partners LLC purchased a new position in Andersons during the first quarter valued at $66,000. Wesbanco Bank Inc. purchased a new position in Andersons during the first quarter valued at $1,003,000. Allspring Global Investments Holdings LLC lifted its position in Andersons by 5.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 93,501 shares of the basic materials company’s stock valued at $5,364,000 after purchasing an additional 5,165 shares in the last quarter. GAMMA Investing LLC lifted its position in Andersons by 65.8% during the first 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 in the last quarter. Finally, Creekmur Asset Management LLC purchased a new position in Andersons during the fourth quarter valued at $41,000. 87.06% of the stock is currently owned by hedge funds and other institutional investors.

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.