Andersons (NASDAQ:ANDE) Director Patrick Bowe Sells 500 Shares of Stock

The Andersons, Inc. (NASDAQ:ANDE) Director Patrick Bowe sold 500 shares of the company’s stock in a transaction that occurred on Tuesday, April 21st. The stock was sold at an average price of $76.01, for a total transaction of $38,005.00. Following the sale, the director directly owned 129,375 shares of the company’s stock, valued at approximately $9,833,793.75. This trade represents a 0.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Andersons Stock Performance

NASDAQ ANDE opened at $76.70 on Friday. The firm’s 50 day simple moving average is $69.79 and its 200 day simple moving average is $58.78. The firm has a market capitalization of $2.61 billion, a price-to-earnings ratio of 27.39 and a beta of 0.68. 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 1 year low of $31.03 and a 1 year high of $77.06.

Andersons (NASDAQ:ANDE) last announced its quarterly earnings data on Tuesday, February 17th. The basic materials company reported $2.04 EPS for the quarter, beating the consensus estimate of $1.56 by $0.48. Andersons had a net margin of 0.87% and a return on equity of 7.76%. The business had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.69 billion. During the same period in the previous year, the business earned $1.31 earnings per share. The company’s revenue was down 18.8% on a year-over-year basis.

Andersons Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 1st were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, April 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.0%. Andersons’s payout ratio is 28.57%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on ANDE shares. BMO Capital Markets raised their price objective on Andersons from $65.00 to $75.00 and gave the company an “outperform” rating in a research note on Thursday, February 19th. Weiss Ratings reissued a “hold (c)” rating on shares of Andersons in a research note on Monday. Benchmark reissued a “buy” rating on shares of Andersons in a report on Wednesday, February 18th. Finally, Wall Street Zen downgraded shares of Andersons from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $68.33.

Institutional Investors Weigh In On Andersons

Hedge funds have recently added to or reduced their stakes in the business. Public Sector Pension Investment Board increased its position in Andersons by 20.5% in the 3rd quarter. Public Sector Pension Investment Board now owns 132,511 shares of the basic materials company’s stock valued at $5,275,000 after acquiring an additional 22,579 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in shares of Andersons during the third quarter worth $1,320,000. Tudor Investment Corp ET AL lifted its holdings in shares of Andersons by 149.9% during the third quarter. Tudor Investment Corp ET AL now owns 153,572 shares of the basic materials company’s stock worth $6,114,000 after purchasing an additional 92,110 shares during the period. Rhumbline Advisers grew its stake in shares of Andersons by 16.9% in the third quarter. Rhumbline Advisers now owns 115,588 shares of the basic materials company’s stock worth $4,602,000 after purchasing an additional 16,692 shares during the last quarter. Finally, AlphaQuest LLC bought a new stake in shares of Andersons in the third quarter worth $2,344,000. 87.06% of the stock is currently owned by institutional investors and hedge funds.

About Andersons

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.