Insider Selling: Andersons (NASDAQ:ANDE) Director Sells 19,100 Shares of Stock

Key Points

• Director Patrick Bowe sold 19,100 shares of Andersons at an average price of $78.31 for about $1.50M, executed under a pre-arranged Rule 10b5-1 plan and reducing his stake by 16.76% to 94,875 shares.
• Andersons reported Q earnings that beat EPS estimates ($2.04 vs. $1.56) but saw revenue decline 18.8% year-over-year, and the company recently paid a quarterly dividend of $0.20 (annualized $0.80, ~1.0% yield).
• The stock trades near its 1-year high (~$78.78), has a market cap of $2.68B and ~87% institutional ownership, while analysts' consensus is a "Moderate Buy" with an average target of $68.33.

The Andersons, Inc. (NASDAQ:ANDE - Get Free Report) Director Patrick Bowe sold 19,100 shares of the firm's stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $78.31, for a total value of $1,495,721.00. Following the sale, the director owned 94,875 shares of the company's stock, valued at $7,429,661.25. This represents a 16.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Andersons Stock Down 0.4%

NASDAQ:ANDE traded down $0.35 during mid-day trading on Monday, reaching $78.78. The stock had a trading volume of 29,443 shares, compared to its average volume of 314,877. The company has a market capitalization of $2.68 billion, a price-to-earnings ratio of 28.13 and a beta of 0.69. The Andersons, Inc. has a 1-year low of $31.03 and a 1-year high of $79.78. The stock's 50 day simple moving average is $70.79 and its two-hundred day simple moving average is $60.26. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.41 and a quick ratio of 0.60.

Andersons (NASDAQ:ANDE - Get Free Report) last issued its earnings results on Tuesday, February 17th. The basic materials company reported $2.04 EPS for the quarter, beating analysts' consensus estimates of $1.56 by $0.48. Andersons had a return on equity of 7.76% and a net margin of 0.87%.The company 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 firm posted $1.31 earnings per share. Andersons's quarterly revenue was down 18.8% compared to the same quarter last year.

Andersons Announces Dividend

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

Institutional Trading of Andersons

Large investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC grew its holdings in shares of Andersons by 5.5% during the 1st quarter. AQR Capital Management LLC now owns 40,727 shares of the basic materials company's stock valued at $1,748,000 after acquiring an additional 2,137 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Andersons by 4.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,425 shares of the basic materials company's stock valued at $834,000 after acquiring an additional 866 shares in the last quarter. Cetera Investment Advisers purchased a new position in shares of Andersons during the 2nd quarter valued at $257,000. XTX Topco Ltd purchased a new position in shares of Andersons during the 2nd quarter valued at $201,000. Finally, Norges Bank purchased a new position in shares of Andersons during the 2nd quarter valued at $1,036,000. 87.06% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Benchmark reissued a "buy" rating on shares of Andersons in a report on Wednesday, February 18th. Weiss Ratings reissued a "hold (c)" rating on shares of Andersons in a report on Monday, April 20th. BMO Capital Markets boosted 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. Finally, Wall Street Zen cut Andersons from a "buy" rating to a "hold" rating in a report on Saturday, March 14th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Andersons presently has a consensus rating of "Moderate Buy" and an average target price of $68.33.

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.

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