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 firm’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $60.01, for a total value of $203,253.87. Following 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Andersons Stock Performance

NASDAQ ANDE traded down $2.30 on Wednesday, hitting $58.11. 81,694 shares of the company traded hands, compared to its average volume of 182,835. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of 20.25 and a beta of 0.68. The company has a current ratio of 1.72, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37. The business’s 50 day moving average price is $55.61 and its 200-day moving average price is $53.57. The Andersons, Inc. has a 52-week low of $35.69 and a 52-week high of $61.46.

Andersons (NASDAQ:ANDE) last announced its quarterly earnings data on Wednesday, February 21st. The basic materials company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.11 by $0.48. Andersons had a return on equity of 8.19% and a net margin of 0.69%. The business had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $4.26 billion. During the same period in the previous year, the business earned $0.98 earnings per share. The business’s revenue was down 31.3% on a year-over-year basis. Equities analysts expect that The Andersons, Inc. will post 2.54 earnings per share for the current year.

Andersons Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Monday, April 1st were given a $0.19 dividend. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $0.76 annualized dividend and a dividend yield of 1.31%. Andersons’s payout ratio is 25.85%.

Hedge Funds Weigh In On Andersons

Several large investors have recently made changes to their positions in ANDE. GAMMA Investing LLC increased its holdings in shares of Andersons by 65.8% in the first quarter. GAMMA Investing LLC now owns 524 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 208 shares during the last quarter. C M Bidwell & Associates Ltd. bought a new stake in shares of Andersons in the third quarter worth about $33,000. Creekmur Asset Management LLC bought a new stake in shares of Andersons in the fourth quarter worth about $41,000. Global Retirement Partners LLC bought a new stake in shares of Andersons in the first quarter worth about $66,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of Andersons in the fourth quarter worth about $110,000. 87.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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.