Andersons (NASDAQ:ANDE) VP Anne Rex Sells 3,000 Shares

by · The Cerbat Gem

The Andersons, Inc. (NASDAQ:ANDE – Get Free Report) VP Anne Rex sold 3,000 shares of the company’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $51.36, for a total value of $154,080.00. Following the sale, the vice president owned 23,549 shares of the company’s stock, valued at approximately $1,209,476.64. The trade was a 11.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Andersons Trading Down 2.3%

Andersons stock traded down $1.13 during midday trading on Thursday, reaching $48.71. The stock had a trading volume of 152,205 shares, compared to its average volume of 337,719. The stock’s 50-day simple moving average is $43.46 and its 200 day simple moving average is $39.21. The Andersons, Inc. has a twelve month low of $31.03 and a twelve month high of $51.89. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.30 and a current ratio of 2.01. The stock has a market capitalization of $1.65 billion, a PE ratio of 20.74 and a beta of 0.76.

Andersons (NASDAQ:ANDE – Get Free Report) last announced its quarterly earnings results on Tuesday, November 4th. The basic materials company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.46 by $0.38. The company had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.85 billion. Andersons had a return on equity of 5.28% and a net margin of 0.70%.The firm’s revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.80 earnings per share. Analysts expect that The Andersons, Inc. will post 3.11 EPS for the current year.

Andersons Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st were issued a $0.195 dividend. The ex-dividend date was Wednesday, October 1st. This represents a $0.78 annualized dividend and a yield of 1.6%. Andersons’s dividend payout ratio (DPR) is presently 36.45%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ANDE. BMO Capital Markets increased their price objective on shares of Andersons from $45.00 to $50.00 and gave the stock a “market perform” rating in a research report on Thursday, November 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Andersons in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $53.33.

Read Our Latest Research Report on ANDE

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Principal Financial Group Inc. grew its stake in Andersons by 2.7% during the 1st quarter. Principal Financial Group Inc. now owns 160,077 shares of the basic materials company’s stock valued at $6,872,000 after purchasing an additional 4,135 shares in the last quarter. Mutual of America Capital Management LLC purchased a new position in shares of Andersons during the 1st quarter valued at approximately $201,000. Stephens Inc. AR purchased a new position in shares of Andersons during the 1st quarter valued at approximately $275,000. Denali Advisors LLC grew its position in shares of Andersons by 11.4% during the first quarter. Denali Advisors LLC now owns 19,600 shares of the basic materials company’s stock worth $841,000 after buying an additional 2,000 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Andersons in the first quarter worth $352,000. Institutional investors and hedge funds own 87.06% of the company’s stock.

About Andersons

(Get Free Report)

The Andersons, Inc operates in trade, renewables, and nutrient and industrial sectors in the United States, Canada, Mexico, Egypt, Switzerland, and internationally. It operates through three segments: Trade, Renewables, and Nutrient & Industrial. The company’s Trade segment operates grain elevators; stores commodities; and provides grain marketing, risk management, and origination services, as well as sells commodities, such as corn, soybeans, wheat, oats, ethanol, and corn oil.

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