The Andersons, Inc. (NASDAQ:ANDE – Get Free Report) Director Patrick Bowe sold 3,534 shares of the company’s stock in a transaction dated Wednesday, July 22nd. The shares were sold at an average price of $80.53, for a total transaction of $284,593.02. Following the transaction, the director owned 74,875 shares in the company, valued at approximately $6,029,683.75. The trade was a 4.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Andersons Stock Down 4.1%
Shares of NASDAQ ANDE opened at $70.17 on Thursday. The company has a current ratio of 1.37, a quick ratio of 0.62 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $2.39 billion, a PE ratio of 18.66 and a beta of 0.65. The firm’s 50-day moving average is $72.14 and its 200-day moving average is $69.61. The Andersons, Inc. has a 1 year low of $31.84 and a 1 year high of $82.11.
Andersons (NASDAQ:ANDE – Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.42. Andersons had a net margin of 1.17% and a return on equity of 10.68%. The business had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.71 billion. During the same period in the prior year, the business posted $0.12 earnings per share. Andersons’s revenue was down 1.2% compared to the same quarter last year.
Andersons Dividend Announcement
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on ANDE shares. Texas Capital upgraded Andersons to a “strong-buy” rating in a report on Thursday, June 18th. Wall Street Zen upgraded shares of Andersons from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. The Goldman Sachs Group cut shares of Andersons to a “buy” rating in a report on Thursday, June 18th. Weiss Ratings upgraded shares of Andersons from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. Finally, Benchmark reissued a “buy” rating on shares of Andersons in a report on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $85.00.
View Our Latest Research Report on Andersons
Hedge Funds Weigh In On Andersons
Large investors have recently bought and sold shares of the company. Uniplan Investment Counsel Inc. bought a new position in shares of Andersons during the 4th quarter worth approximately $25,000. Optima Capital LLC bought a new stake in shares of Andersons in the fourth quarter worth $32,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Andersons in the second quarter worth $38,000. Larson Financial Group LLC boosted its holdings in Andersons by 33,600.0% during the third quarter. Larson Financial Group LLC now owns 1,011 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 1,008 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its position in Andersons by 95.2% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 820 shares of the basic materials company’s stock valued at $44,000 after purchasing an additional 400 shares in the last quarter. Institutional investors and hedge funds own 87.06% of the company’s stock.
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.
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