Andersons (NASDAQ:ANDE) Director John Stout, Jr. Sells 2,500 Shares

The Andersons, Inc. (NASDAQ:ANDE) Director John Stout, Jr. sold 2,500 shares of Andersons stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $70.30, for a total value of $175,750.00. Following the transaction, the director directly owned 23,441 shares in the company, valued at approximately $1,647,902.30. This trade represents a 9.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Andersons Price Performance

ANDE stock opened at $68.62 on Friday. 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 capitalization of $2.34 billion, a P/E ratio of 24.58 and a beta of 0.74. The business has a 50 day simple moving average of $64.27 and a 200-day simple moving average of $53.10. The Andersons, Inc. has a twelve month low of $31.03 and a twelve month high of $71.54.

Andersons (NASDAQ:ANDE) last posted its quarterly earnings data on Tuesday, February 17th. The basic materials company reported $2.04 EPS for the quarter, beating analysts’ consensus estimates of $1.56 by $0.48. The company had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.69 billion. Andersons had a net margin of 0.87% and a return on equity of 7.76%. Andersons’s quarterly revenue was down 18.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.31 earnings per share. As a group, equities analysts anticipate that The Andersons, Inc. will post 3.11 EPS for the current year.

Andersons Dividend Announcement

The company also recently announced 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. This represents a $0.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Wednesday, April 1st. Andersons’s dividend payout ratio (DPR) is 28.57%.

Institutional Investors Weigh In On Andersons

Several hedge funds have recently modified their holdings of the stock. AQR Capital Management LLC increased its stake in Andersons by 5.5% during the 1st quarter. AQR Capital Management LLC now owns 40,727 shares of the basic materials company’s stock worth $1,748,000 after buying an additional 2,137 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Andersons by 4.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,425 shares of the basic materials company’s stock valued at $834,000 after acquiring an additional 866 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Andersons by 0.6% during the second quarter. Geode Capital Management LLC now owns 799,891 shares of the basic materials company’s stock worth $29,400,000 after acquiring an additional 4,495 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Andersons by 7.7% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,279 shares of the basic materials company’s stock worth $304,000 after acquiring an additional 591 shares during the last quarter. Finally, SG Americas Securities LLC lifted its stake in shares of Andersons by 552.8% in the second quarter. SG Americas Securities LLC now owns 39,621 shares of the basic materials company’s stock worth $1,456,000 after acquiring an additional 33,552 shares in the last quarter. 87.06% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ANDE has been the subject of a number of recent analyst reports. BMO Capital Markets raised their price objective on shares of Andersons from $65.00 to $75.00 and gave the company an “outperform” rating in a research report on Thursday, February 19th. Wall Street Zen downgraded Andersons from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Weiss Ratings reissued a “hold (c)” rating on shares of Andersons in a report on Wednesday, January 21st. Finally, Benchmark reiterated a “buy” rating on shares of Andersons in a report on Wednesday, February 18th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.33.

Andersons Company Profile

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.