Andersons (NASDAQ:ANDE) Shares Down 5.4% Following Insider Selling

The Andersons, Inc. (NASDAQ:ANDE)’s share price was down 5.4% during trading on Wednesday after an insider sold shares in the company. The stock traded as low as $56.94 and last traded at $57.14. Approximately 133,904 shares traded hands during trading, a decline of 27% from the average daily volume of 183,554 shares. The stock had previously closed at $60.41.

Specifically, CEO Patrick E. Bowe sold 2,623 shares of Andersons stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $55.22, for a total value of $144,842.06. Following the completion of the sale, the chief executive officer now owns 90,653 shares in the company, valued at approximately $5,005,858.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Patrick E. Bowe sold 2,623 shares of Andersons stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $55.22, for a total value of $144,842.06. Following the completion of the sale, the chief executive officer now owns 90,653 shares in the company, valued at approximately $5,005,858.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Patrick E. Bowe sold 34,597 shares of Andersons stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $55.46, for a total transaction of $1,918,749.62. Following the completion of the sale, the chief executive officer now owns 83,515 shares of the company’s stock, valued at approximately $4,631,741.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 45,245 shares of company stock valued at $2,534,099. 5.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on ANDE shares. 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 shares of 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 data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $62.50.

Andersons Stock Down 1.4 %

The business’s fifty day moving average price is $55.75 and its 200 day moving average price is $53.62. The company has a quick ratio of 1.00, a current ratio of 1.72 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $1.93 billion, a PE ratio of 19.25 and a beta of 0.68.

Andersons (NASDAQ:ANDE) last announced 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 during the quarter, compared to analysts’ expectations of $4.26 billion. During the same period in the prior year, the company earned $0.98 earnings per share. The business’s revenue was down 31.3% compared to the same quarter last year. On average, equities research analysts forecast that The Andersons, Inc. will post 2.54 earnings per share for the current fiscal year.

Andersons Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Monday, April 1st were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.34%. Andersons’s dividend payout ratio (DPR) is 25.85%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC acquired a new position in Andersons during the third quarter worth about $910,000. Bfsg LLC acquired a new position in Andersons during the third quarter worth about $303,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Andersons by 31.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,700 shares of the basic materials company’s stock worth $294,000 after buying an additional 1,363 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in Andersons by 2.4% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,357 shares of the basic materials company’s stock worth $740,000 after buying an additional 335 shares during the period. Finally, Inspire Investing LLC grew its position in Andersons by 72.2% during the third quarter. Inspire Investing LLC now owns 25,010 shares of the basic materials company’s stock worth $1,288,000 after buying an additional 10,484 shares during the period. 87.06% of the stock is currently owned by institutional investors and hedge funds.

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.