Andersons (NASDAQ:ANDE) VP Sells $154,080.00 in Stock

The Andersons, Inc. (NASDAQ:ANDE) VP Anne Rex sold 3,000 shares of the business’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $51.36, for a total value of $154,080.00. Following the sale, the vice president owned 23,549 shares of the company’s stock, valued at $1,209,476.64. The trade was a 11.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Andersons Trading Up 0.3%

Shares of ANDE stock opened at $49.28 on Friday. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of 20.97 and a beta of 0.76. The company has a quick ratio of 1.30, a current ratio of 2.01 and a debt-to-equity ratio of 0.36. The Andersons, Inc. has a fifty-two week low of $31.03 and a fifty-two week high of $51.89. The firm’s 50 day moving average price is $43.77 and its two-hundred day moving average price is $39.36.

Andersons (NASDAQ:ANDE) last released its quarterly earnings data on Tuesday, November 4th. The basic materials company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.38. The company had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.85 billion. Andersons had a net margin of 0.70% and a return on equity of 5.28%. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.80 earnings per share. On average, analysts anticipate that The Andersons, Inc. will post 3.11 EPS for the current year.

Andersons Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 22nd. Stockholders of record on Wednesday, October 1st were given a $0.195 dividend. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a $0.78 annualized dividend and a dividend yield of 1.6%. Andersons’s dividend payout ratio is presently 36.45%.

Hedge Funds Weigh In On Andersons

Institutional investors and hedge funds have recently made changes to their positions in the business. Principal Financial Group Inc. increased its stake in shares of Andersons by 2.7% in the first quarter. Principal Financial Group Inc. now owns 160,077 shares of the basic materials company’s stock worth $6,872,000 after buying an additional 4,135 shares during the last quarter. Mutual of America Capital Management LLC acquired a new position in Andersons during the 1st quarter worth $201,000. Stephens Inc. AR acquired a new position in Andersons during the 1st quarter worth $275,000. Denali Advisors LLC increased its position in shares of Andersons by 11.4% in the 1st quarter. Denali Advisors LLC now owns 19,600 shares of the basic materials company’s stock worth $841,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Andersons in the 1st quarter valued at about $352,000. 87.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ANDE has been the topic of several analyst reports. BMO Capital Markets raised their target price on Andersons from $45.00 to $50.00 and gave the company a “market perform” rating in a report on Thursday, November 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Andersons in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Andersons presently has an average rating of “Moderate Buy” and a consensus target price of $53.33.

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.