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 that occurred on 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 directly owned 23,549 shares in the company, valued at $1,209,476.64. This trade represents a 11.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Andersons Price Performance

ANDE stock traded down $1.13 during midday trading on Thursday, hitting $48.71. 152,205 shares of the stock were exchanged, compared to its average volume of 337,719. The stock’s 50-day moving average price is $43.46 and its 200-day moving average price is $39.21. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of 20.74 and a beta of 0.76. The Andersons, Inc. has a fifty-two week low of $31.03 and a fifty-two week high of $51.89. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.30 and a current ratio of 2.01.

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

Andersons Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st were issued a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a yield of 1.6%. The ex-dividend date was Wednesday, October 1st. Andersons’s dividend payout ratio (DPR) is 36.45%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Vest Financial LLC increased its stake in Andersons by 43.5% in the second quarter. Vest Financial LLC now owns 98,442 shares of the basic materials company’s stock valued at $3,618,000 after purchasing an additional 29,858 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Andersons by 2.7% in the 1st 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. Inspire Advisors LLC purchased a new stake in Andersons in the 1st quarter valued at about $230,000. Mutual of America Capital Management LLC acquired a new position in shares of Andersons during the 1st quarter valued at about $201,000. Finally, Acadian Asset Management LLC lifted its holdings in shares of Andersons by 61.8% during the 1st quarter. Acadian Asset Management LLC now owns 67,745 shares of the basic materials company’s stock worth $2,903,000 after acquiring an additional 25,885 shares during the period. 87.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. BMO Capital Markets upped their price target on shares of Andersons from $45.00 to $50.00 and gave the company a “market perform” rating in a report on Thursday, November 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Andersons in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Andersons 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.