Insider Selling: Andersons (NASDAQ:ANDE) Director Sells $175,750.00 in Stock

The Andersons, Inc. (NASDAQ:ANDE) Director John Stout, Jr. sold 2,500 shares of the business’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $70.30, for a total transaction of $175,750.00. Following the completion of the sale, the director owned 23,441 shares of the company’s stock, valued at $1,647,902.30. The trade was a 9.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Andersons Price Performance

NASDAQ ANDE opened at $66.44 on Friday. The Andersons, Inc. has a 1 year low of $31.03 and a 1 year high of $71.54. The company has a fifty day simple moving average of $64.50 and a 200 day simple moving average of $53.37. The company has a current ratio of 1.41, a quick ratio of 0.60 and a debt-to-equity ratio of 0.43. The company has a market cap of $2.26 billion, a P/E ratio of 23.73 and a beta of 0.74.

Andersons (NASDAQ:ANDE) last announced its earnings results on Tuesday, February 17th. The basic materials company reported $2.04 EPS for the quarter, topping the consensus estimate of $1.56 by $0.48. The firm had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.69 billion. Andersons had a net margin of 0.87% and a return on equity of 7.76%. The business’s quarterly revenue was down 18.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.31 EPS. On average, sell-side analysts predict that The Andersons, Inc. will post 3.11 EPS for the current year.

Andersons Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 1st will be paid a $0.20 dividend. The ex-dividend date is Wednesday, April 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.2%. Andersons’s payout ratio is presently 28.57%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of Andersons in a research note on Wednesday, January 21st. Benchmark reaffirmed a “buy” rating on shares of Andersons in a research report on Wednesday, February 18th. Wall Street Zen lowered Andersons from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Finally, BMO Capital Markets increased their price objective on Andersons from $65.00 to $75.00 and gave the company an “outperform” rating in a research report on Thursday, February 19th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Andersons currently has an average rating of “Moderate Buy” and an average target price of $68.33.

Institutional Investors Weigh In On Andersons

Hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its position in Andersons by 0.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,349,243 shares of the basic materials company’s stock worth $124,910,000 after buying an additional 17,278 shares in the last quarter. First Trust Advisors LP raised its holdings in Andersons by 11.5% in the 2nd quarter. First Trust Advisors LP now owns 1,722,092 shares of the basic materials company’s stock valued at $63,287,000 after acquiring an additional 176,972 shares in the last quarter. Rubric Capital Management LP bought a new stake in shares of Andersons in the 4th quarter worth approximately $53,469,000. Geode Capital Management LLC lifted its position in shares of Andersons by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 822,812 shares of the basic materials company’s stock worth $43,757,000 after acquiring an additional 3,259 shares during the period. Finally, Victory Capital Management Inc. grew its holdings in shares of Andersons by 354.7% during the 4th quarter. Victory Capital Management Inc. now owns 731,019 shares of the basic materials company’s stock worth $38,868,000 after purchasing an additional 570,245 shares in the last quarter. Institutional investors own 87.06% of the company’s stock.

About Andersons

The Andersons, Inc operates as a diversified agriculture company offering a broad range of products and services to farmers, retailers and industrial customers. Through its Grain Group, the company purchases, stores, merchandises and transports corn, soybeans and other commodities, while its Renewables Group produces ethanol and distillers grains at multiple plants in the U.S. The Rail Group provides locomotive leasing, railcar repair and related maintenance services, and the Horticulture Group supplies turf, specialty and horticultural products to landscaping professionals and consumer lawn and garden retailers.

Founded in 1947 and headquartered in Maumee, Ohio, The Andersons has grown from a regional grain elevator operator into an integrated agribusiness platform.