Patrick Bowe Sells 15,000 Shares of Andersons (NASDAQ:ANDE) Stock

The Andersons, Inc. (NASDAQ:ANDE) Director Patrick Bowe sold 15,000 shares of Andersons stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $70.41, for a total value of $1,056,150.00. Following the completion of the sale, the director directly owned 159,875 shares in the company, valued at approximately $11,256,798.75. This represents a 8.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Andersons Stock Down 0.2%

NASDAQ:ANDE traded down $0.15 during trading hours on Tuesday, reaching $69.98. 179,189 shares of the stock were exchanged, compared to its average volume of 306,639. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.41 and a quick ratio of 0.60. The Andersons, Inc. has a twelve month low of $31.03 and a twelve month high of $71.54. The stock has a market cap of $2.38 billion, a PE ratio of 24.99 and a beta of 0.74. The firm has a 50 day moving average of $63.27 and a 200 day moving average of $52.67.

Andersons (NASDAQ:ANDE) last announced its earnings results on Tuesday, February 17th. The basic materials company reported $2.04 EPS for the quarter, topping the consensus estimate of $1.56 by $0.48. The business had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.69 billion. Andersons had a net margin of 0.87% and a return on equity of 7.76%. The firm’s revenue was down 18.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.31 earnings per share. On average, equities analysts expect that The Andersons, Inc. will post 3.11 earnings per share for the current year.

Andersons Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 1st will be issued a $0.20 dividend. The ex-dividend date is Wednesday, April 1st. This represents a $0.80 annualized dividend and a dividend yield of 1.1%. Andersons’s dividend payout ratio (DPR) is presently 28.57%.

Analyst Upgrades and Downgrades

ANDE has been the topic of several recent analyst reports. Wall Street Zen lowered Andersons from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings reissued a “hold (c)” rating on shares of Andersons in a research report on Wednesday, January 21st. Benchmark reaffirmed a “buy” rating on shares of Andersons in a report on Wednesday, February 18th. Finally, BMO Capital Markets lifted their price target on Andersons from $65.00 to $75.00 and gave the stock an “outperform” rating in a report on Thursday, February 19th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Andersons currently has a consensus rating of “Moderate Buy” and an average target price of $68.33.

Institutional Investors Weigh In On Andersons

Several hedge funds have recently modified their holdings of the company. Pacer Advisors Inc. acquired a new position in shares of Andersons in the fourth quarter valued at approximately $9,027,000. Invesco Ltd. boosted its position in Andersons by 18.2% during the 4th quarter. Invesco Ltd. now owns 602,808 shares of the basic materials company’s stock worth $32,051,000 after buying an additional 92,988 shares during the period. Summit Global Investments grew its holdings in Andersons by 108.4% during the 4th quarter. Summit Global Investments now owns 25,712 shares of the basic materials company’s stock worth $1,367,000 after acquiring an additional 13,372 shares during the last quarter. Uniplan Investment Counsel Inc. bought a new stake in Andersons during the 4th quarter worth approximately $25,000. Finally, Wellington Management Group LLP acquired a new position in Andersons in the 4th quarter valued at approximately $6,729,000. Institutional investors and hedge funds own 87.06% of the company’s stock.

Andersons Company Profile

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.