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

The Andersons, Inc. (NASDAQ:ANDE) traded down 5.4% during trading on Wednesday following insider selling activity. The stock traded as low as $56.94 and last traded at $57.14. 133,904 shares were traded during trading, a decline of 27% from the average session volume of 183,554 shares. The stock had previously closed at $60.41.

Specifically, CEO Patrick E. Bowe sold 34,597 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $55.46, for a total value of $1,918,749.62. Following the completion of the transaction, the chief executive officer now directly 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 SEC, which can be accessed through the SEC website. In other Andersons news, CEO Patrick E. Bowe sold 1,338 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $55.12, for a total value of $73,750.56. Following the sale, the chief executive officer now owns 89,315 shares in the company, valued at approximately $4,923,042.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Patrick E. Bowe sold 34,597 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $55.46, for a total value of $1,918,749.62. Following the completion of the sale, the chief executive officer now directly owns 83,515 shares of the company’s stock, valued at approximately $4,631,741.90. The disclosure for this sale can be found here. Insiders have sold a total of 45,245 shares of company stock worth $2,534,099 over the last 90 days. Insiders own 5.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ANDE. StockNews.com raised Andersons from a “hold” rating to a “buy” rating in a research note on Thursday, January 11th. Roth Capital reaffirmed a “buy” rating and set a $65.00 price target on shares of Andersons in a research report on Tuesday, February 6th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $62.50.

Andersons Trading Down 5.5 %

The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.00 and a current ratio of 1.72. The company has a market cap of $1.94 billion, a P/E ratio of 20.25 and a beta of 0.68. The stock has a 50-day moving average of $55.61 and a two-hundred day moving average of $53.57.

Andersons (NASDAQ:ANDE) last released its earnings results on Wednesday, February 21st. The basic materials company reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.48. Andersons had a return on equity of 8.19% and a net margin of 0.69%. The company had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $4.26 billion. During the same period in the previous year, the business earned $0.98 earnings per share. Andersons’s quarterly revenue was down 31.3% compared to the same quarter last year. On average, equities research analysts predict that The Andersons, Inc. will post 2.54 earnings per share for the current year.

Andersons Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Monday, April 1st were paid a dividend of $0.19 per share. The ex-dividend date was Thursday, March 28th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.33%. Andersons’s dividend payout ratio is 25.85%.

Institutional Trading of Andersons

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Andersons by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 3,971,447 shares of the basic materials company’s stock valued at $204,569,000 after acquiring an additional 47,494 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of Andersons by 111.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 88,336 shares of the basic materials company’s stock worth $5,083,000 after purchasing an additional 46,587 shares during the last quarter. Nordea Investment Management AB boosted its holdings in shares of Andersons by 1.9% during the 3rd quarter. Nordea Investment Management AB now owns 38,389 shares of the basic materials company’s stock worth $1,981,000 after purchasing an additional 714 shares during the last quarter. O Shaughnessy Asset Management LLC raised its position in shares of Andersons by 199.1% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 61,649 shares of the basic materials company’s stock valued at $3,176,000 after buying an additional 41,037 shares during the period. Finally, Ritholtz Wealth Management raised its position in shares of Andersons by 35.0% during the 4th quarter. Ritholtz Wealth Management now owns 16,713 shares of the basic materials company’s stock valued at $962,000 after buying an additional 4,337 shares during the period. Hedge funds and other institutional investors own 87.06% of the company’s stock.

Andersons Company Profile

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.