The Andersons Inc. (NASDAQ:ANDE) VP Naran Uchur Burchinow sold 500 shares of The Andersons stock in a transaction dated Friday, November 18th. The stock was sold at an average price of $39.45, for a total value of $19,725.00. Following the completion of the transaction, the vice president now directly owns 24,275 shares of the company’s stock, valued at approximately $957,648.75. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

The Andersons Inc. (NASDAQ:ANDE) traded down 2.05% during midday trading on Monday, reaching $38.20. The company had a trading volume of 127,620 shares. The firm has a 50-day moving average of $37.00 and a 200 day moving average of $35.42. The Andersons Inc. has a 1-year low of $23.25 and a 1-year high of $39.65. The company’s market capitalization is $1.08 billion.

The Andersons (NASDAQ:ANDE) last posted its earnings results on Monday, November 7th. The company reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by $0.12. The Andersons had a negative net margin of 1.14% and a positive return on equity of 0.83%. The firm earned $859.60 million during the quarter, compared to analysts’ expectations of $966.51 million. During the same period in the previous year, the firm posted ($0.04) earnings per share. The firm’s revenue for the quarter was down 5.4% on a year-over-year basis. On average, equities research analysts forecast that The Andersons Inc. will post $0.66 EPS for the current year.

Insider Buying and Selling by Quarter for The Andersons (NASDAQ:ANDE)

The company also recently announced a quarterly dividend, which was paid on Monday, October 24th. Stockholders of record on Monday, October 3rd were issued a $0.155 dividend. This represents a $0.62 annualized dividend and a dividend yield of 1.59%. The ex-dividend date was Thursday, September 29th. The Andersons’s payout ratio is currently -38.04%.

Several hedge funds have recently bought and sold shares of the stock. BlackRock Group LTD increased its stake in The Andersons by 7.4% in the first quarter. BlackRock Group LTD now owns 35,295 shares of the company’s stock valued at $1,109,000 after buying an additional 2,440 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in The Andersons by 1.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 674,713 shares of the company’s stock valued at $21,193,000 after buying an additional 9,676 shares during the last quarter. Renaissance Technologies LLC increased its stake in The Andersons by 25.1% in the first quarter. Renaissance Technologies LLC now owns 500,376 shares of the company’s stock valued at $15,717,000 after buying an additional 100,476 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in The Andersons during the first quarter valued at $634,000. Finally, Hillcrest Asset Management LLC purchased a new stake in The Andersons during the first quarter valued at $4,612,000. 72.68% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have recently issued reports on the company. Zacks Investment Research lowered The Andersons from a “buy” rating to a “hold” rating in a research report on Friday, November 11th. Buckingham Research raised The Andersons from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $40.00 to $42.00 in a research report on Monday, September 26th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $42.67.

About The Andersons

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.

5 Day Chart for NASDAQ:ANDE

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