Andersons (NASDAQ:ANDE) Director Patrick Bowe Sells 3,534 Shares

The Andersons, Inc. (NASDAQ:ANDE) Director Patrick Bowe sold 3,534 shares of the stock in a transaction that occurred on Wednesday, July 22nd. The shares were sold at an average price of $80.53, for a total transaction of $284,593.02. Following the completion of the sale, the director directly owned 74,875 shares of the company’s stock, valued at approximately $6,029,683.75. This trade represents a 4.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Andersons Trading Down 2.0%

Shares of ANDE stock traded down $1.46 during trading on Tuesday, hitting $73.14. 62,360 shares of the stock traded hands, compared to its average volume of 325,111. The firm has a market capitalization of $2.49 billion, a P/E ratio of 19.45 and a beta of 0.65. The Andersons, Inc. has a 52-week low of $31.84 and a 52-week high of $82.11. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.37 and a quick ratio of 0.62. The firm’s fifty day moving average price is $72.09 and its 200-day moving average price is $69.34.

Andersons (NASDAQ:ANDE) last posted its earnings results on Tuesday, May 5th. The basic materials company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.42. The company had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.71 billion. Andersons had a return on equity of 10.68% and a net margin of 1.17%.The company’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.12 earnings per share.

Andersons Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 1st were given a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $0.80 dividend on an annualized basis and a yield of 1.1%. Andersons’s dividend payout ratio is presently 21.28%.

Analyst Ratings Changes

A number of brokerages recently commented on ANDE. Benchmark restated a “buy” rating on shares of Andersons in a report on Monday, June 15th. Weiss Ratings raised shares of Andersons from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, May 7th. The Goldman Sachs Group downgraded shares of Andersons to a “buy” rating in a report on Thursday, June 18th. Texas Capital raised shares of Andersons to a “strong-buy” rating in a report on Thursday, June 18th. Finally, UBS Group set a $90.00 price objective on Andersons in a research report on Wednesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Andersons currently has an average rating of “Buy” and an average price target of $85.00.

Institutional Trading of Andersons

Hedge funds and other institutional investors have recently modified their holdings of the business. Uniplan Investment Counsel Inc. acquired a new stake in shares of Andersons during the fourth quarter worth approximately $25,000. Optima Capital LLC bought a new position in Andersons during the 4th quarter valued at $32,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Andersons during the 2nd quarter worth $38,000. Larson Financial Group LLC raised its stake in shares of Andersons by 33,600.0% in the 3rd quarter. Larson Financial Group LLC now owns 1,011 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 1,008 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its position in shares of Andersons by 95.2% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 820 shares of the basic materials company’s stock worth $44,000 after purchasing an additional 400 shares during the last quarter. 87.06% of the stock is owned by hedge funds and other institutional investors.

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.