Andersons (NASDAQ:ANDE) Director Sells $284,593.02 in Stock

The Andersons, Inc. (NASDAQ:ANDE) Director Patrick Bowe sold 3,534 shares of the firm’s stock in a transaction on Wednesday, July 22nd. The stock was sold at an average price of $80.53, for a total value of $284,593.02. Following the completion of the transaction, the director directly owned 74,875 shares of the company’s stock, valued at $6,029,683.75. The trade was a 4.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Andersons Stock Performance

NASDAQ:ANDE opened at $71.52 on Friday. The Andersons, Inc. has a 52-week low of $31.84 and a 52-week high of $82.11. The business’s fifty day moving average is $72.17 and its 200 day moving average is $69.72. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.62 and a current ratio of 1.37. The firm has a market cap of $2.44 billion, a price-to-earnings ratio of 19.02 and a beta of 0.65.

Andersons (NASDAQ:ANDE) last posted its earnings results on Tuesday, May 5th. The basic materials company reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.42. Andersons had a return on equity of 10.68% and a net margin of 1.17%.The business had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.71 billion. During the same quarter in the previous year, the firm earned $0.12 EPS. The company’s quarterly revenue was down 1.2% compared to the same quarter last year.

Andersons Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 22nd. Investors of record on Wednesday, July 1st were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Wednesday, July 1st. Andersons’s dividend payout ratio is 21.28%.

Wall Street Analysts Forecast Growth

ANDE has been the subject of a number of recent analyst reports. Weiss Ratings upgraded shares of Andersons from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, May 7th. The Goldman Sachs Group downgraded Andersons to a “buy” rating in a research report on Thursday, June 18th. UBS Group set a $90.00 price objective on Andersons in a research note on Wednesday, May 20th. Benchmark restated a “buy” rating on shares of Andersons in a research report on Monday, June 15th. Finally, Texas Capital upgraded Andersons to a “strong-buy” rating in a research note on Thursday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $85.00.

Institutional Trading of Andersons

Hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its holdings in shares of Andersons by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,349,243 shares of the basic materials company’s stock worth $124,910,000 after buying an additional 17,278 shares during the period. Rubric Capital Management LP purchased a new stake in Andersons during the 4th quarter valued at about $53,469,000. Janus Henderson Group PLC grew its position in Andersons by 35.1% during the 1st quarter. Janus Henderson Group PLC now owns 860,942 shares of the basic materials company’s stock worth $61,768,000 after acquiring an additional 223,600 shares during the last quarter. Geode Capital Management LLC grew its position in Andersons by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 822,812 shares of the basic materials company’s stock worth $43,757,000 after acquiring an additional 3,259 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in Andersons by 354.7% in the 4th quarter. Victory Capital Management Inc. now owns 731,019 shares of the basic materials company’s stock worth $38,868,000 after purchasing an additional 570,245 shares during the period. 87.06% of the stock is owned by institutional investors.

Andersons Company Profile

The Andersons, Inc operates as a diversified agriculture company offering a broad range of products and services to farmers, retailers and industrial customers. Through its Grain Group, the company purchases, stores, merchandises and transports corn, soybeans and other commodities, while its Renewables Group produces ethanol and distillers grains at multiple plants in the U.S. The Rail Group provides locomotive leasing, railcar repair and related maintenance services, and the Horticulture Group supplies turf, specialty and horticultural products to landscaping professionals and consumer lawn and garden retailers.

Founded in 1947 and headquartered in Maumee, Ohio, The Andersons has grown from a regional grain elevator operator into an integrated agribusiness platform.