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 dated Monday, April 6th. The shares were sold at an average price of $74.33, for a total transaction of $1,114,950.00. Following the sale, the director owned 129,875 shares of the company’s stock, valued at approximately $9,653,608.75. This represents a 10.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Andersons Trading Down 2.0%

Shares of ANDE traded down $1.46 during trading on Tuesday, reaching $73.03. 328,595 shares of the company traded hands, compared to its average volume of 329,760. The Andersons, Inc. has a twelve month low of $31.03 and a twelve month high of $75.02. The stock has a market cap of $2.49 billion, a PE ratio of 26.08 and a beta of 0.68. The stock has a 50-day simple moving average of $67.50 and a 200-day simple moving average of $55.94. The company has a quick ratio of 0.60, a current ratio of 1.41 and a debt-to-equity ratio of 0.43.

Andersons (NASDAQ:ANDE) last announced its quarterly earnings results on Tuesday, February 17th. The basic materials company reported $2.04 earnings per share for the quarter, beating 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 business had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.69 billion. During the same period last year, the business earned $1.31 earnings per share. The business’s revenue for the quarter was down 18.8% on a year-over-year basis. On average, analysts anticipate that The Andersons, Inc. will post 3.11 earnings per share for the current year.

Andersons Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 1st will be given 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 dividend yield of 1.1%. Andersons’s dividend payout ratio (DPR) is currently 28.57%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its stake in Andersons by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,349,243 shares of the basic materials company’s stock worth $124,910,000 after acquiring an additional 17,278 shares during the last quarter. First Trust Advisors LP lifted its position in shares of Andersons by 11.5% during the 2nd quarter. First Trust Advisors LP now owns 1,722,092 shares of the basic materials company’s stock worth $63,287,000 after buying an additional 176,972 shares during the last quarter. Rubric Capital Management LP acquired a new position in shares of Andersons in the 4th quarter valued at $53,469,000. Geode Capital Management LLC boosted its holdings in shares of Andersons by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 822,812 shares of the basic materials company’s stock valued at $43,757,000 after buying an additional 3,259 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of Andersons by 354.7% in the 4th quarter. Victory Capital Management Inc. now owns 731,019 shares of the basic materials company’s stock valued at $38,868,000 after buying an additional 570,245 shares in the last quarter. Hedge funds and other institutional investors own 87.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on ANDE shares. Weiss Ratings restated a “hold (c)” rating on shares of Andersons in a report on Wednesday, January 21st. Benchmark restated a “buy” rating on shares of Andersons in a report on Wednesday, February 18th. BMO Capital Markets lifted their price objective on shares of Andersons from $65.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday, February 19th. Finally, Wall Street Zen cut shares of Andersons from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $68.33.

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.