The Andersons, Inc. (NASDAQ:ANDE – Get Free Report) Director Michael J. Anderson sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $59.00, for a total value of $177,000.00. Following the transaction, the director now owns 209,968 shares of the company’s stock, valued at approximately $12,388,112. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Andersons Trading Down 3.8 %
Shares of Andersons stock traded down $2.30 on Wednesday, hitting $58.11. 81,694 shares of the company traded hands, compared to its average volume of 182,835. The stock’s 50 day moving average price is $55.61 and its 200-day moving average price is $53.57. The company has a current ratio of 1.72, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37. The Andersons, Inc. has a 52 week low of $35.69 and a 52 week high of $61.46. The company has a market cap of $1.98 billion, a PE ratio of 20.25 and a beta of 0.68.
Andersons (NASDAQ:ANDE – Get Free Report) last issued its quarterly earnings data on Wednesday, February 21st. The basic materials company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.48. The company had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $4.26 billion. Andersons had a net margin of 0.69% and a return on equity of 8.19%. Andersons’s revenue for the quarter was down 31.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.98 earnings per share. Equities research analysts predict that The Andersons, Inc. will post 2.54 EPS for the current year.
Andersons Dividend Announcement
Hedge Funds Weigh In On Andersons
A number of large investors have recently bought and sold shares of ANDE. GAMMA Investing LLC grew its holdings in shares of Andersons by 65.8% during the first quarter. GAMMA Investing LLC now owns 524 shares of the basic materials company’s stock valued at $30,000 after buying an additional 208 shares during the last quarter. C M Bidwell & Associates Ltd. acquired a new stake in shares of Andersons during the 3rd quarter valued at about $33,000. Creekmur Asset Management LLC purchased a new position in Andersons in the 4th quarter valued at about $41,000. Global Retirement Partners LLC purchased a new position in Andersons in the 1st quarter valued at about $66,000. Finally, Mitsubishi UFJ Trust & Banking Corp purchased a new position in Andersons in the 3rd quarter valued at about $107,000. Institutional investors own 87.06% of the company’s stock.
Wall Street Analyst Weigh In
ANDE has been the subject of several research analyst reports. StockNews.com raised shares of Andersons from a “hold” rating to a “buy” rating in a research note on Thursday, January 11th. Roth Capital reaffirmed a “buy” rating and set a $65.00 price target on shares of Andersons in a research note on Tuesday, February 6th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $62.50.
Read Our Latest Report on ANDE
Andersons Company Profile
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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