Andersons (NASDAQ:ANDE) VP Sells $14,000.00 in Stock

The Andersons, Inc. (NASDAQ:ANDE) VP Brian Walz sold 200 shares of Andersons stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $70.00, for a total transaction of $14,000.00. Following the sale, the vice president owned 20,888 shares in the company, valued at $1,462,160. This represents a 0.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Andersons Trading Up 0.8%

Shares of ANDE stock opened at $64.05 on Monday. The Andersons, Inc. has a 52-week low of $31.03 and a 52-week high of $70.06. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of 22.88 and a beta of 0.74. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.60 and a current ratio of 1.41. The firm has a fifty day moving average of $61.41 and a 200-day moving average of $51.48.

Andersons (NASDAQ:ANDE) last released its quarterly earnings data on Tuesday, February 17th. The basic materials company reported $2.04 EPS for the quarter, topping analysts’ consensus estimates of $1.56 by $0.48. Andersons had a net margin of 0.87% and a return on equity of 7.76%. The company had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.69 billion. During the same period last year, the firm earned $1.31 EPS. The firm’s revenue for the quarter was down 18.8% compared to the same quarter last year. On average, equities research analysts forecast that The Andersons, Inc. will post 3.11 earnings per share for the current fiscal year.

Andersons Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 1st will be paid a dividend of $0.20 per share. The ex-dividend date is Wednesday, April 1st. This represents a $0.80 dividend on an annualized basis and a yield of 1.2%. Andersons’s dividend payout ratio (DPR) is currently 28.57%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Wall Street Zen upgraded Andersons from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. BMO Capital Markets raised their target price on Andersons from $65.00 to $75.00 and gave the stock an “outperform” rating in a research report on Thursday, February 19th. Benchmark reaffirmed a “buy” rating on shares of Andersons in a research note on Wednesday, February 18th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Andersons in a research report on Wednesday, January 21st. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Andersons has a consensus rating of “Moderate Buy” and an average price target of $68.33.

Institutional Trading of Andersons

Several large investors have recently added to or reduced their stakes in the company. Public Sector Pension Investment Board grew its position in Andersons by 20.5% during the 3rd quarter. Public Sector Pension Investment Board now owns 132,511 shares of the basic materials company’s stock worth $5,275,000 after acquiring an additional 22,579 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in Andersons during the 3rd quarter valued at $1,320,000. Walnut Level Capital LLC bought a new position in Andersons in the 2nd quarter valued at $6,989,000. Inspire Advisors LLC raised its position in Andersons by 165.7% in the 2nd quarter. Inspire Advisors LLC now owns 14,236 shares of the basic materials company’s stock valued at $523,000 after purchasing an additional 8,879 shares during the last quarter. Finally, Magnetar Financial LLC acquired a new position in Andersons in the second quarter worth $1,331,000. 87.06% of the stock is owned by institutional investors.

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.