The Andersons, Inc. (NASDAQ:ANDE) Director Michael J. Anderson Sells 3,000 Shares

The Andersons, Inc. (NASDAQ:ANDE - Get Free Report) Director Michael J. Anderson sold 3,000 shares of the firm's stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $59.00, for a total transaction of $177,000.00. Following the completion of the sale, the director now owns 209,968 shares in the company, valued at approximately $12,388,112. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Andersons Price Performance

Shares of NASDAQ ANDE traded down $3.03 during midday trading on Wednesday, reaching $57.38. 287,061 shares of the company traded hands, compared to its average volume of 185,578. The firm has a market cap of $1.95 billion, a PE ratio of 20.25 and a beta of 0.68. The stock's 50-day simple moving average is $55.61 and its 200-day simple moving average is $53.57. The Andersons, Inc. has a 12 month low of $35.69 and a 12 month high of $61.46. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.00 and a current ratio of 1.72.

Andersons (NASDAQ:ANDE - Get Free Report) last issued its quarterly earnings data on Wednesday, February 21st. The basic materials company reported $1.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.11 by $0.48. The company had revenue of $3.21 billion during the quarter, compared to analysts' expectations of $4.26 billion. Andersons had a return on equity of 8.19% and a net margin of 0.69%. The business's revenue was down 31.3% on a year-over-year basis. During the same period last year, the business earned $0.98 earnings per share. As a group, equities analysts anticipate that The Andersons, Inc. will post 2.54 earnings per share for the current fiscal year.

Andersons Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Monday, April 1st were issued a $0.19 dividend. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.32%. Andersons's dividend payout ratio is 25.85%.

Analyst Ratings Changes

ANDE has been the topic of a number of recent research reports. StockNews.com upgraded shares of Andersons from a "hold" rating to a "buy" rating in a research note on Thursday, January 11th. Roth Capital reiterated a "buy" rating and set a $65.00 price target on shares of Andersons in a research note on Tuesday, February 6th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Andersons presently has an average rating of "Buy" and a consensus price target of $62.50.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Global Retirement Partners LLC bought a new position in shares of Andersons in the first quarter valued at about $66,000. Wesbanco Bank Inc. bought a new position in shares of Andersons in the first quarter valued at about $1,003,000. Allspring Global Investments Holdings LLC raised its holdings in Andersons by 5.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 93,501 shares of the basic materials company's stock worth $5,364,000 after purchasing an additional 5,165 shares during the last quarter. GAMMA Investing LLC raised its holdings in Andersons by 65.8% during the 1st 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. Finally, Creekmur Asset Management LLC bought a new stake in Andersons during the 4th quarter worth about $41,000. 87.06% of the stock is owned by institutional investors.

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.