Jacqueline F. Woods Sells 2,395 Shares of The Andersons Inc. (ANDE) Stock
The Andersons Inc. (NASDAQ:ANDE) Director Jacqueline F. Woods sold 2,395 shares of the business’s stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $36.01, for a total transaction of $86,243.95. Following the transaction, the director now owns 16,073 shares in the company, valued at $578,788.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
The Andersons Inc. (NASDAQ:ANDE) opened at 38.20 on Friday. The firm has a 50-day moving average of $36.94 and a 200 day moving average of $35.41. The firm’s market capitalization is $1.08 billion. The Andersons Inc. has a 12-month low of $23.25 and a 12-month high of $39.45.
The Andersons (NASDAQ:ANDE) last announced its quarterly earnings results on Monday, November 7th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.18 by $0.12. The company earned $859.60 million during the quarter, compared to analysts’ expectations of $966.51 million. The Andersons had a negative net margin of 1.14% and a positive return on equity of 0.83%. The business’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.04) EPS. On average, equities analysts predict that The Andersons Inc. will post $0.66 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, October 24th. Stockholders of record on Monday, October 3rd were issued a $0.155 dividend. The ex-dividend date was Thursday, September 29th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.61%. The Andersons’s dividend payout ratio is presently -38.04%.
Several institutional investors have recently made changes to their positions in the stock. PineBridge Investments L.P. increased its position in The Andersons by 3.8% in the second quarter. PineBridge Investments L.P. now owns 3,331 shares of the company’s stock valued at $119,000 after buying an additional 121 shares during the period. Botty Investors LLC acquired a new position in The Andersons during the second quarter valued at $133,000. Teacher Retirement System of Texas increased its position in The Andersons by 14.0% in the second quarter. Teacher Retirement System of Texas now owns 3,819 shares of the company’s stock valued at $136,000 after buying an additional 470 shares during the period. Mason Street Advisors LLC acquired a new position in The Andersons during the second quarter valued at $182,000. Finally, Public Employees Retirement System of Ohio increased its position in The Andersons by 11.8% in the second quarter. Public Employees Retirement System of Ohio now owns 5,330 shares of the company’s stock valued at $189,000 after buying an additional 561 shares during the period. Institutional investors and hedge funds own 72.73% of the company’s stock.
A number of equities analysts recently weighed in on ANDE shares. Buckingham Research upgraded shares of The Andersons from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $40.00 to $42.00 in a research report on Monday, September 26th. Zacks Investment Research lowered shares of The Andersons from a “buy” rating to a “hold” rating in a report on Friday, November 11th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The Andersons currently has a consensus rating of “Buy” and a consensus target price of $42.67.
The Andersons Company Profile
The Andersons, Inc is a diversified company. The Company conducts business across North America in the grain, ethanol, plant nutrient and rail sectors. The Company also produces turf and cob products, and has a consumer retailing presence. The Company operates through five segments: Grain, Ethanol, Rail, Plant Nutrient and Retail.
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