The Andersons, Inc. (NASDAQ:ANDE) CEO Sells $203,253.87 in Stock

The Andersons, Inc. (NASDAQ:ANDE) CEO Patrick E. Bowe sold 3,387 shares of the stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $60.01, for a total transaction of $203,253.87. Following the completion of the transaction, the chief executive officer now directly owns 85,159 shares of the company’s stock, valued at approximately $5,110,391.59. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Andersons Stock Performance

Shares of NASDAQ:ANDE opened at $56.91 on Friday. The firm has a market cap of $1.94 billion, a PE ratio of 19.36 and a beta of 0.68. The firm’s 50 day simple moving average is $55.80 and its 200-day simple moving average is $53.66. The Andersons, Inc. has a one year low of $35.69 and a one year high of $61.46. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.00 and a current ratio of 1.72.

Andersons (NASDAQ:ANDE) last issued its quarterly earnings data on Wednesday, February 21st. The basic materials company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.48. The company had revenue of $3.21 billion for the quarter, compared to analyst estimates of $4.26 billion. Andersons had a net margin of 0.69% and a return on equity of 8.19%. Andersons’s revenue was down 31.3% compared to the same quarter last year. During the same period last year, the company posted $0.98 earnings per share. As a group, equities analysts predict that The Andersons, Inc. will post 2.54 EPS for the current year.

Andersons Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Monday, April 1st were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.34%. The ex-dividend date was Thursday, March 28th. Andersons’s payout ratio is 25.85%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on ANDE shares. Roth Capital reaffirmed a “buy” rating and issued a $65.00 price target on shares of Andersons in a report on Tuesday, February 6th. StockNews.com raised shares of Andersons from a “hold” rating to a “buy” rating in a research report on Thursday, January 11th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Andersons presently has a consensus rating of “Buy” and an average price target of $62.50.

Hedge Funds Weigh In On Andersons

Institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC increased its holdings in Andersons by 65.8% during the first quarter. GAMMA Investing LLC now owns 524 shares of the basic materials company’s stock valued at $30,000 after buying an additional 208 shares during the period. C M Bidwell & Associates Ltd. purchased a new position in Andersons during the third quarter valued at approximately $33,000. Creekmur Asset Management LLC purchased a new position in Andersons during the fourth quarter valued at approximately $41,000. Global Retirement Partners LLC purchased a new position in Andersons during the first quarter valued at approximately $66,000. Finally, Meeder Asset Management Inc. purchased a new position in Andersons during the fourth quarter valued at approximately $110,000. 87.06% of the stock is owned by hedge funds and other institutional investors.

Andersons Company Profile

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.