Michael J. Anderson Sells 3,000 Shares of The Andersons, Inc. (NASDAQ:ANDE) 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 sale, the director now directly owns 209,968 shares of the company’s stock, valued at $12,388,112. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Andersons Price Performance

Andersons stock opened at $56.91 on Friday. The stock’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 one year low of $35.69 and a one 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 firm has a market cap of $1.94 billion, a PE ratio of 19.36 and a beta of 0.68.

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. Andersons had a return on equity of 8.19% and a net margin of 0.69%. The firm had revenue of $3.21 billion for the quarter, compared to analyst estimates of $4.26 billion. During the same quarter last year, the company earned $0.98 EPS. The company’s revenue was down 31.3% on a year-over-year basis. As a group, research analysts expect that The Andersons, Inc. will post 2.54 EPS for the current fiscal year.

Andersons Announces Dividend

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

Hedge Funds Weigh In On Andersons

Hedge funds and other institutional investors have recently modified their holdings of the business. GAMMA Investing LLC increased its stake in shares of 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. bought a new position in shares of Andersons in the 3rd quarter valued at $33,000. Creekmur Asset Management LLC bought a new position in shares of Andersons in the 4th quarter valued at $41,000. Global Retirement Partners LLC bought a new position in shares of Andersons in the 1st quarter valued at $66,000. Finally, Meeder Asset Management Inc. bought a new position in shares of Andersons in the 4th quarter valued at $110,000. Institutional investors own 87.06% of the company’s stock.

Analyst Ratings Changes

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