Andersons (NASDAQ:ANDE) Trading Down 5.4% After Insider Selling

The Andersons, Inc. (NASDAQ:ANDE - Get Free Report)'s share price was down 5.4% during mid-day trading on Wednesday after an insider sold shares in the company. The stock traded as low as $56.94 and last traded at $57.14. Approximately 133,904 shares changed hands during trading, a decline of 27% from the average daily volume of 183,554 shares. The stock had previously closed at $60.41.

Specifically, Director Michael J. Anderson sold 3,000 shares of the company's stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $59.00, for a total value of $177,000.00. Following the sale, the director now owns 209,968 shares in the company, valued at $12,388,112. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Patrick E. Bowe sold 34,597 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $55.46, for a total transaction of $1,918,749.62. Following the sale, the chief executive officer now owns 83,515 shares of the company's stock, valued at $4,631,741.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michael J. Anderson sold 3,000 shares of the stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $59.00, for a total value of $177,000.00. Following the sale, the director now directly owns 209,968 shares in the company, valued at approximately $12,388,112. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 45,245 shares of company stock worth $2,534,099. Corporate insiders own 5.10% of the company's stock.

Wall Street Analyst Weigh In

ANDE has been the subject of several recent analyst reports. Roth Capital restated a "buy" rating and set a $65.00 target price on shares of Andersons in a research note on Tuesday, February 6th. StockNews.com raised Andersons from a "hold" rating to a "buy" rating in a research note on Thursday, January 11th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Andersons currently has a consensus rating of "Buy" and a consensus target price of $62.50.

Andersons Price Performance

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 has a fifty day simple moving average of $55.71 and a 200 day simple moving average of $53.60. The stock has a market capitalization of $1.95 billion, a P/E ratio of 19.52 and a beta of 0.68.

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

Andersons Dividend Announcement

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

Hedge Funds Weigh In On Andersons

Institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC lifted its position in shares of Andersons by 65.8% during the first quarter. GAMMA Investing LLC now owns 524 shares of the basic materials company's stock worth $30,000 after acquiring an additional 208 shares in the last quarter. C M Bidwell & Associates Ltd. purchased a new stake in shares of Andersons during the third quarter worth about $33,000. Creekmur Asset Management LLC purchased a new stake in shares of Andersons during the fourth quarter worth about $41,000. Global Retirement Partners LLC purchased a new stake in shares of Andersons during the first quarter worth about $66,000. Finally, Mitsubishi UFJ Trust & Banking Corp purchased a new stake in Andersons in the third quarter worth about $107,000. Hedge funds and other institutional investors own 87.06% of the company's stock.

About Andersons

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.