Andersons (NASDAQ:ANDE) VP Sells $634,891.50 in Stock

The Andersons, Inc. (NASDAQ:ANDE) VP Brian Walz sold 8,975 shares of Andersons stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $70.74, for a total transaction of $634,891.50. Following the completion of the sale, the vice president owned 11,913 shares in the company, valued at approximately $842,725.62. This trade represents a 42.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Andersons Trading Down 0.6%

NASDAQ ANDE traded down $0.42 during trading on Monday, hitting $70.32. The company had a trading volume of 139,224 shares, compared to its average volume of 304,538. The company has a current ratio of 1.41, a quick ratio of 0.60 and a debt-to-equity ratio of 0.43. The Andersons, Inc. has a one year low of $31.03 and a one year high of $71.54. The company has a market cap of $2.39 billion, a price-to-earnings ratio of 25.17 and a beta of 0.74. The company’s fifty day moving average is $62.92 and its 200-day moving average is $52.47.

Andersons (NASDAQ:ANDE) last posted its earnings results on Tuesday, February 17th. The basic materials company reported $2.04 EPS for the quarter, topping the consensus estimate of $1.56 by $0.48. The firm had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.69 billion. Andersons had a net margin of 0.87% and a return on equity of 7.76%. The company’s quarterly revenue was down 18.8% compared to the same quarter last year. During the same period last year, the company posted $1.31 EPS. On average, sell-side analysts predict that The Andersons, Inc. will post 3.11 earnings per share for the current year.

Andersons Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 1st will be issued a $0.20 dividend. The ex-dividend date is Wednesday, April 1st. This represents a $0.80 annualized dividend and a yield of 1.1%. Andersons’s dividend payout ratio (DPR) is 28.57%.

Institutional Trading of Andersons

Several institutional investors have recently bought and sold shares of ANDE. Optimize Financial Inc increased its stake in Andersons by 1.4% during the 4th quarter. Optimize Financial Inc now owns 14,657 shares of the basic materials company’s stock valued at $779,000 after purchasing an additional 208 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Andersons by 34.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 962 shares of the basic materials company’s stock worth $51,000 after buying an additional 246 shares during the last quarter. GAMMA Investing LLC raised its holdings in Andersons by 34.8% in the fourth quarter. GAMMA Investing LLC now owns 1,266 shares of the basic materials company’s stock worth $67,000 after buying an additional 327 shares during the last quarter. Amalgamated Bank lifted its stake in shares of Andersons by 3.9% in the third quarter. Amalgamated Bank now owns 9,524 shares of the basic materials company’s stock worth $379,000 after buying an additional 356 shares in the last quarter. Finally, Summit Place Financial Advisors LLC lifted its stake in shares of Andersons by 1.7% in the third quarter. Summit Place Financial Advisors LLC now owns 23,032 shares of the basic materials company’s stock worth $917,000 after buying an additional 390 shares in the last quarter. 87.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on ANDE shares. BMO Capital Markets upped their target price on Andersons from $65.00 to $75.00 and gave the stock an “outperform” rating in a report on Thursday, February 19th. Wall Street Zen cut shares of Andersons from a “buy” rating to a “hold” rating in a report on Saturday. Benchmark reaffirmed a “buy” rating on shares of Andersons in a research note on Wednesday, February 18th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Andersons in a report on Wednesday, January 21st. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $68.33.

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.