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

The Andersons, Inc. (NASDAQ:ANDE) Director Patrick Bowe sold 15,000 shares of the stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $70.41, for a total transaction of $1,056,150.00. Following the completion of the transaction, the director owned 159,875 shares of the company’s stock, valued at approximately $11,256,798.75. The trade was a 8.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Andersons Trading Down 0.7%

Shares of NASDAQ ANDE opened at $69.47 on Thursday. The Andersons, Inc. has a 1 year low of $31.03 and a 1 year high of $71.54. 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 firm has a 50-day moving average of $63.98 and a 200 day moving average of $52.99. The stock has a market cap of $2.37 billion, a P/E ratio of 24.81 and a beta of 0.74.

Andersons (NASDAQ:ANDE) last announced its quarterly earnings data on Tuesday, February 17th. The basic materials company reported $2.04 earnings per share 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 business had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $2.69 billion. During the same quarter in the prior year, the company earned $1.31 earnings per share. The business’s revenue was down 18.8% compared to the same quarter last year. As a group, sell-side analysts expect that The Andersons, Inc. will post 3.11 EPS for the current fiscal year.

Andersons Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 1st will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Wednesday, April 1st. Andersons’s dividend payout ratio is currently 28.57%.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Andersons

Several institutional investors and hedge funds have recently added to or reduced their stakes in ANDE. Uniplan Investment Counsel Inc. purchased a new stake in Andersons during the 4th quarter valued at $25,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Andersons in the 3rd quarter worth $30,000. Optima Capital LLC purchased a new position in shares of Andersons in the 4th quarter worth $32,000. Larson Financial Group LLC grew its holdings in shares of Andersons by 33,600.0% in the third quarter. Larson Financial Group LLC now owns 1,011 shares of the basic materials company’s stock worth $40,000 after acquiring an additional 1,008 shares during the period. Finally, Nomura Asset Management Co. Ltd. increased its position in Andersons by 95.2% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 820 shares of the basic materials company’s stock valued at $44,000 after acquiring an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 87.06% of the company’s stock.

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.