John Stout, Jr. Sells 12,500 Shares of Andersons (NASDAQ:ANDE) Stock

The Andersons, Inc. (NASDAQ:ANDE) Director John Stout, Jr. sold 12,500 shares of the firm’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $51.77, for a total transaction of $647,125.00. Following the completion of the transaction, the director directly owned 33,441 shares of the company’s stock, valued at approximately $1,731,240.57. This trade represents a 27.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Andersons Stock Performance

NASDAQ ANDE traded up $0.55 on Thursday, hitting $52.37. 148,056 shares of the stock were exchanged, compared to its average volume of 334,058. The company has a market capitalization of $1.77 billion, a PE ratio of 24.48 and a beta of 0.79. The business’s fifty day moving average is $47.69 and its 200 day moving average is $41.27. The Andersons, Inc. has a 52 week low of $31.03 and a 52 week high of $53.32. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.47 and a quick ratio of 0.80.

Andersons (NASDAQ:ANDE) last issued its quarterly earnings data on Tuesday, November 4th. The basic materials company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.38. Andersons had a net margin of 0.63% and a return on equity of 5.83%. The company had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.85 billion. During the same period in the prior year, the firm earned $0.80 earnings per share. The company’s revenue was up 2.2% on a year-over-year basis. Research analysts anticipate that The Andersons, Inc. will post 3.11 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on the company. BMO Capital Markets upgraded Andersons from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $50.00 to $65.00 in a research note on Wednesday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Andersons in a research note on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $58.33.

Institutional Trading of Andersons

A number of hedge funds have recently made changes to their positions in ANDE. Tudor Investment Corp ET AL raised its stake in shares of Andersons by 149.9% during the third quarter. Tudor Investment Corp ET AL now owns 153,572 shares of the basic materials company’s stock valued at $6,114,000 after acquiring an additional 92,110 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its position in shares of Andersons by 162.8% during the third quarter. Jacobs Levy Equity Management Inc. now owns 438,219 shares of the basic materials company’s stock worth $17,445,000 after purchasing an additional 271,451 shares during the period. Caxton Associates LLP lifted its stake in shares of Andersons by 169.9% in the third quarter. Caxton Associates LLP now owns 33,989 shares of the basic materials company’s stock valued at $1,353,000 after buying an additional 21,394 shares in the last quarter. Dark Forest Capital Management LP boosted its stake in Andersons by 248.4% during the 3rd quarter. Dark Forest Capital Management LP now owns 61,410 shares of the basic materials company’s stock valued at $2,445,000 after purchasing an additional 43,783 shares during the last quarter. Finally, Verition Fund Management LLC raised its holdings in shares of Andersons by 35.0% in the third quarter. Verition Fund Management LLC now owns 19,617 shares of the basic materials company’s stock valued at $781,000 after purchasing an additional 5,089 shares during the last quarter. 87.06% of the stock is owned by institutional investors and hedge funds.

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.