Brian Walz Sells 200 Shares of Andersons (NASDAQ:ANDE) Stock

The Andersons, Inc. (NASDAQ:ANDE) VP Brian Walz sold 200 shares of the company’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $70.00, for a total value of $14,000.00. Following the completion of the sale, the vice president owned 20,888 shares of the company’s stock, valued at $1,462,160. This trade represents a 0.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Andersons Trading Up 0.5%

Andersons stock traded up $0.30 during trading on Friday, reaching $63.87. 209,626 shares of the company were exchanged, compared to its average volume of 294,154. The Andersons, Inc. has a 52-week low of $31.03 and a 52-week high of $70.06. The company has a market capitalization of $2.16 billion, a P/E ratio of 22.81 and a beta of 0.74. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.41 and a quick ratio of 0.60. The stock’s 50 day simple moving average is $61.20 and its two-hundred day simple moving average is $51.12.

Andersons (NASDAQ:ANDE) last posted its quarterly 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. Andersons had a return on equity of 7.76% and a net margin of 0.87%.The business had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.69 billion. During the same quarter in the previous year, the firm earned $1.31 EPS. The company’s quarterly revenue was down 18.8% compared to the same quarter last year. On average, equities research analysts expect that The Andersons, Inc. will post 3.11 earnings per share for the current fiscal year.

Andersons Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 1st will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.3%. The ex-dividend date is Wednesday, April 1st. Andersons’s payout ratio is presently 28.57%.

Institutional Trading of Andersons

A number of large investors have recently modified their holdings of ANDE. Optimize Financial Inc boosted its holdings in Andersons by 1.4% in the fourth quarter. Optimize Financial Inc now owns 14,657 shares of the basic materials company’s stock valued at $779,000 after purchasing an additional 208 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in Andersons by 34.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 962 shares of the basic materials company’s stock worth $51,000 after purchasing an additional 246 shares during the period. GAMMA Investing LLC raised its position in Andersons by 34.8% in the 4th quarter. GAMMA Investing LLC now owns 1,266 shares of the basic materials company’s stock valued at $67,000 after purchasing an additional 327 shares in the last quarter. Amalgamated Bank boosted its stake in shares of Andersons by 3.9% in the 3rd quarter. Amalgamated Bank now owns 9,524 shares of the basic materials company’s stock valued at $379,000 after buying an additional 356 shares during the period. Finally, Summit Place Financial Advisors LLC boosted its stake in shares of Andersons by 1.7% in the 3rd quarter. Summit Place Financial Advisors LLC now owns 23,032 shares of the basic materials company’s stock valued at $917,000 after buying an additional 390 shares during the period. Hedge funds and other institutional investors own 87.06% of the company’s stock.

Analyst Ratings Changes

ANDE has been the topic of several analyst reports. Benchmark reaffirmed a “buy” rating on shares of Andersons in a research report on Wednesday, February 18th. Weiss Ratings reissued a “hold (c)” rating on shares of Andersons in a research note on Wednesday, January 21st. Wall Street Zen upgraded Andersons from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Finally, BMO Capital Markets increased their price target on Andersons from $65.00 to $75.00 and gave the stock an “outperform” rating in a report on Thursday, February 19th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Andersons currently has a consensus rating of “Moderate Buy” and a consensus target price 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.