Insider Selling: Dennis J. Addis Unloads 5,000 Shares of The Andersons Stock (ANDE)
The Andersons (NASDAQ:ANDE) Insider Dennis J. Addis sold 5,000 shares of The Andersons stock on the open market in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $64.00, for a total value of $320,000.00. Following the completion of the transaction, the insider now directly owns 3,600 shares of the company’s stock, valued at approximately $230,400. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
The Andersons (NASDAQ:ANDE) traded up 2.99% on Monday, hitting $65.01. The stock had a trading volume of 345,295 shares. The Andersons has a 52-week low of $42.4533 and a 52-week high of $65.28. The stock has a 50-day moving average of $56.31 and a 200-day moving average of $55.61. The company has a market cap of $1.837 billion and a price-to-earnings ratio of 15.59.
The Andersons (NASDAQ:ANDE) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $1.56 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.16 by $0.40. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter in the prior year, the company posted $1.05 earnings per share. The company’s quarterly revenue was down 16.3% on a year-over-year basis. Analysts expect that The Andersons will post $4.23 EPS for the current fiscal year.
A number of analysts have recently weighed in on ANDE shares. Analysts at BMO Capital Markets raised their price target on shares of The Andersons from $56.00 to $65.00 in a research note on Friday, August 8th. Separately, analysts at Zacks reiterated an “outperform” rating on shares of The Andersons in a research note on Friday, August 8th. They now have a $72.00 price target on the stock. Finally, analysts at Feltl & Co. upgraded shares of The Andersons from a “hold” rating to a “buy” rating in a research note on Friday, August 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $64.75.
The Andersons, Inc is a diversified company engaged in agriculture business. The Company conducts business across North America in the grain, ethanol, and plant nutrient sectors, railcar leasing, turf and cob products, and consumer retailing.
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