The Andersons VP Anne G. Rex Sells 1,500 Shares (ANDE)
The Andersons (NASDAQ:ANDE) VP Anne G. Rex unloaded 1,500 shares of the company’s stock on the open market in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $66.69, for a total value of $100,035.00. Following the completion of the sale, the vice president now directly owns 1,600 shares in the company, valued at approximately $106,704. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of The Andersons (NASDAQ:ANDE) traded up 0.58% during mid-day trading on Wednesday, hitting $67.28. The stock had a trading volume of 159,913 shares. The Andersons has a 52 week low of $42.4533 and a 52 week high of $67.06. The stock’s 50-day moving average is $58.17 and its 200-day moving average is $56.09. The company has a market cap of $1.901 billion and a price-to-earnings ratio of 16.52. The Andersons also was the recipient of a significant decrease in short interest during the month of August. As of August 15th, there was short interest totalling 679,091 shares, a decrease of 30.0% from the July 31st total of 970,657 shares. Approximately 2.6% of the company’s stock are short sold. Based on an average daily trading volume, of 340,366 shares, the short-interest ratio is currently 2.0 days.
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. On average, analysts predict that The Andersons will post $4.36 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. 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 an average 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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