The Andersons Insider Sells $326,250 in Stock (ANDE)
The Andersons (NASDAQ:ANDE) Insider Dennis J. Addis unloaded 5,000 shares of The Andersons stock on the open market in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $65.25, for a total transaction of $326,250.00. Following the sale, the insider now directly owns 3,600 shares in the company, valued at approximately $234,900. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of The Andersons (NASDAQ:ANDE) opened at 64.72 on Thursday. The Andersons has a 1-year low of $42.4533 and a 1-year high of $65.62. The stock’s 50-day moving average is $57.00 and its 200-day moving average is $55.74. The company has a market cap of $1.828 billion and a P/E ratio of 15.88.
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. On average, analysts predict that The Andersons will post $4.36 earnings per share 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 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 company has a consensus rating of “Buy” and an average 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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