Andersons Inc (NASDAQ:ANDE) Director Rasesh H. Shah sold 20,000 shares of Andersons stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $36.25, for a total transaction of $725,000.00. Following the sale, the director now directly owns 41,862 shares in the company, valued at approximately $1,517,497.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of Andersons Inc (NASDAQ:ANDE) traded up $0.40 during midday trading on Monday, reaching $37.05. The company’s stock had a trading volume of 74,288 shares, compared to its average volume of 145,035. The stock has a market capitalization of $1,030.00, a price-to-earnings ratio of -33.62 and a beta of 1.19. The company has a current ratio of 1.35, a quick ratio of 0.47 and a debt-to-equity ratio of 0.51. Andersons Inc has a 52 week low of $29.60 and a 52 week high of $39.35.
Andersons (NASDAQ:ANDE) last announced its earnings results on Wednesday, February 14th. The basic materials company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.20. The company had revenue of $1 billion for the quarter, compared to analyst estimates of $1.21 billion. Andersons had a return on equity of 4.83% and a net margin of 1.12%. The firm’s quarterly revenue was down 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.36 earnings per share. analysts predict that Andersons Inc will post 1.79 EPS for the current fiscal year.
Separately, Zacks Investment Research lowered shares of Andersons from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 16th. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $34.50.
A number of hedge funds and other institutional investors have recently made changes to their positions in ANDE. IndexIQ Advisors LLC raised its position in Andersons by 413.0% in the third quarter. IndexIQ Advisors LLC now owns 3,360 shares of the basic materials company’s stock valued at $115,000 after purchasing an additional 2,705 shares during the period. SG Americas Securities LLC raised its position in Andersons by 82.7% in the third quarter. SG Americas Securities LLC now owns 5,498 shares of the basic materials company’s stock valued at $188,000 after purchasing an additional 2,489 shares during the period. Public Employees Retirement System of Ohio raised its position in Andersons by 10.2% in the second quarter. Public Employees Retirement System of Ohio now owns 5,928 shares of the basic materials company’s stock valued at $202,000 after purchasing an additional 549 shares during the period. Teacher Retirement System of Texas purchased a new stake in Andersons in the fourth quarter valued at approximately $284,000. Finally, Stone Ridge Asset Management LLC purchased a new stake in Andersons in the fourth quarter valued at approximately $323,000. 78.46% of the stock is currently owned by institutional investors.
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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