The Andersons Inc. (ANDE) Insider William J. Wolf Sells 2,000 Shares of Stock
The Andersons Inc. (NASDAQ:ANDE) insider William J. Wolf sold 2,000 shares of the stock in a transaction on Friday, November 18th. The stock was sold at an average price of $38.18, for a total value of $76,360.00. Following the sale, the insider now directly owns 37,058 shares in the company, valued at $1,414,874.44. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
The Andersons Inc. (NASDAQ:ANDE) traded up 1.70% during trading on Tuesday, reaching $38.85. The company’s stock had a trading volume of 15,857 shares. The company’s market cap is $1.10 billion. The stock has a 50-day moving average price of $37.11 and a 200 day moving average price of $35.57. The Andersons Inc. has a 52-week low of $23.25 and a 52-week high of $39.65.
The Andersons (NASDAQ:ANDE) last issued its earnings results on Monday, November 7th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by $0.12. The firm earned $859.60 million during the quarter, compared to the consensus estimate 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 quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.04) earnings per share. On average, analysts expect that The Andersons Inc. will post $0.66 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, October 24th. Shareholders of record on Monday, October 3rd were paid a $0.155 dividend. The ex-dividend date of this dividend was Thursday, September 29th. This represents a $0.62 annualized dividend and a dividend yield of 1.62%. The Andersons’s payout ratio is presently -38.04%.
Several hedge funds have recently modified their holdings of the stock. Hillcrest Asset Management LLC raised its stake in shares of The Andersons by 1.4% in the third quarter. Hillcrest Asset Management LLC now owns 148,303 shares of the company’s stock valued at $5,366,000 after buying an additional 2,039 shares during the last quarter. Candriam Luxembourg S.C.A. purchased a new stake in shares of The Andersons during the third quarter valued at about $253,000. Scopus Asset Management L.P. purchased a new stake in shares of The Andersons during the third quarter valued at about $1,809,000. D. E. Shaw & Co. Inc. raised its stake in shares of The Andersons by 122.3% in the third quarter. D. E. Shaw & Co. Inc. now owns 35,927 shares of the company’s stock valued at $1,300,000 after buying an additional 19,769 shares during the last quarter. Finally, The Manufacturers Life Insurance Company bought a new stake in The Andersons during the third quarter worth about $668,000. Hedge funds and other institutional investors own 72.68% of the company’s stock.
Several research firms recently weighed in on ANDE. Zacks Investment Research lowered The Andersons from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Buckingham Research raised The Andersons from a “neutral” rating to a “buy” rating and raised their price objective for the company from $40.00 to $42.00 in a research note on Monday, September 26th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. The Andersons currently has a consensus rating of “Hold” 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.
Receive News & Stock Ratings for The Andersons Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Andersons Inc. and related stocks with our FREE daily email newsletter.