The Andersons Insider Sells $320,000 in Stock (ANDE)
The Andersons (NASDAQ:ANDE) Insider Dennis J. Addis unloaded 5,000 shares of the company’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $64.00, for a total transaction of $320,000.00. Following the sale, the insider now directly owns 3,600 shares in the company, valued at approximately $230,400. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
The Andersons (NASDAQ:ANDE) traded up 1.66% on Wednesday, hitting $65.38. The stock had a trading volume of 228,318 shares. The Andersons has a one year low of $42.4533 and a one year high of $65.62. The stock’s 50-day moving average is $56.67 and its 200-day moving average is $55.67. The company has a market cap of $1.847 billion and a price-to-earnings ratio of 15.88.
The Andersons (NASDAQ:ANDE) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $1.56 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.05 earnings per share. The Andersons’s revenue was down 16.3% compared to the same quarter last year. On average, analysts predict that The Andersons will post $4.36 earnings per share 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 given a hold rating and five have assigned a buy rating to the company. The Andersons has a consensus rating of “Buy” and an average 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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