Andersons Inc (ANDE) VP Sells $79,090.00 in Stock

Andersons Inc (NASDAQ:ANDE) VP Naran Uchur Burchinow sold 2,200 shares of the business’s stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $35.95, for a total value of $79,090.00. Following the sale, the vice president now owns 26,963 shares in the company, valued at $969,319.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of Andersons Inc (NASDAQ:ANDE) traded up $0.40 during trading hours on Monday, reaching $37.05. The company’s stock had a trading volume of 74,288 shares, compared to its average volume of 145,117. Andersons Inc has a 52-week low of $29.60 and a 52-week high of $39.35. The company has a market capitalization of $1,030.00, a PE ratio of -33.99 and a beta of 1.19. The company has a quick ratio of 0.47, a current ratio of 1.35 and a debt-to-equity ratio of 0.51.

Andersons (NASDAQ:ANDE) last announced its quarterly earnings results on Wednesday, February 14th. The basic materials company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.20. Andersons had a return on equity of 4.83% and a net margin of 1.12%. The firm had revenue of $1 billion for the quarter, compared to analysts’ expectations of $1.21 billion. During the same period in the prior year, the business posted $0.36 earnings per share. The business’s revenue was down 9.8% compared to the same quarter last year. equities research analysts forecast that Andersons Inc will post 1.79 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 23rd. Shareholders of record on Monday, April 2nd will be given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date of this dividend is Thursday, March 29th. Andersons’s dividend payout ratio (DPR) is -60.55%.

Separately, Zacks Investment Research cut Andersons from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 16th. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. Andersons has an average rating of “Hold” and a consensus price target of $34.50.

A number of large investors have recently made changes to their positions in ANDE. Victory Capital Management Inc. grew its position in Andersons by 13.1% in the fourth quarter. Victory Capital Management Inc. now owns 2,652,786 shares of the basic materials company’s stock valued at $82,634,000 after acquiring an additional 306,657 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in Andersons by 22.7% in the third quarter. Schwab Charles Investment Management Inc. now owns 346,839 shares of the basic materials company’s stock worth $11,880,000 after purchasing an additional 64,205 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in Andersons in the third quarter worth $2,140,000. Deprince Race & Zollo Inc. boosted its stake in Andersons by 8.5% in the fourth quarter. Deprince Race & Zollo Inc. now owns 762,763 shares of the basic materials company’s stock worth $23,760,000 after purchasing an additional 59,803 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in Andersons by 15.4% in the fourth quarter. Millennium Management LLC now owns 389,912 shares of the basic materials company’s stock worth $12,146,000 after purchasing an additional 52,010 shares in the last quarter. Hedge funds and other institutional investors own 78.46% of the company’s stock.

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Andersons Company Profile

The Andersons, Inc is a diversified company. The Company conducts business across North America in the grain, ethanol, plant nutrient and rail sectors. The Company also produces turf and cob products. The Company operates through segments, including Grain, Ethanol, Rail and Plant Nutrient. Its Grain business operates grain elevators in various states in the United States Corn Belt.

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