Insider Selling: The Andersons Insider Sells 5,000 Shares of Stock (ANDE)
The Andersons (NASDAQ:ANDE) Insider Dennis J. Addis sold 5,000 shares of the stock on the open market in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $65.25, for a total transaction of $326,250.00. Following the completion of the sale, the insider now directly owns 3,600 shares in the company, valued at approximately $234,900. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of The Andersons (NASDAQ:ANDE) traded down 1.08% on Tuesday, hitting $64.31. The stock had a trading volume of 376,119 shares. The Andersons has a 52 week low of $42.4533 and a 52 week high of $65.28. The stock’s 50-day moving average is $56.31 and its 200-day moving average is $55.61. The company has a market cap of $1.817 billion and a P/E ratio of 16.06.
The Andersons (NASDAQ:ANDE) last posted its quarterly earnings results 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 $4.36 EPS for the current fiscal year.
ANDE has been the subject of a number of recent research reports. 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 issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target 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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