Insider Buying: Andersons Inc (NASDAQ:ANDE) Insider Acquires $152,288.73 in Stock

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Andersons Inc (NASDAQ:ANDE) insider James J. Pirolli purchased 6,567 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was bought at an average cost of $23.19 per share, for a total transaction of $152,288.73.

Shares of NASDAQ:ANDE traded up $0.33 on Friday, reaching $23.61. 4,017 shares of the company’s stock were exchanged, compared to its average volume of 245,795. The firm has a market capitalization of $755.99 million, a price-to-earnings ratio of 14.42 and a beta of 1.18. Andersons Inc has a fifty-two week low of $17.40 and a fifty-two week high of $38.23. The business’s 50-day moving average is $19.92 and its two-hundred day moving average is $25.10. The company has a quick ratio of 0.70, a current ratio of 1.40 and a debt-to-equity ratio of 1.00.

Andersons (NASDAQ:ANDE) last issued its earnings results on Tuesday, November 5th. The basic materials company reported ($0.07) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.12). The business had revenue of $1.98 billion for the quarter, compared to analyst estimates of $2.10 billion. Andersons had a return on equity of 5.19% and a net margin of 0.49%. The firm’s revenue for the quarter was up 189.2% on a year-over-year basis. During the same period last year, the company posted $0.02 earnings per share. Analysts predict that Andersons Inc will post 0.65 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 1st were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.88%. Andersons’s dividend payout ratio (DPR) is 41.72%.

A number of brokerages have weighed in on ANDE. Stephens began coverage on shares of Andersons in a report on Monday, October 7th. They set an “equal weight” rating and a $21.00 target price on the stock. BidaskClub raised shares of Andersons from a “sell” rating to a “hold” rating in a report on Friday. BMO Capital Markets dropped their target price on shares of Andersons from $34.00 to $28.00 and set a “market perform” rating on the stock in a report on Thursday, November 7th. Finally, Buckingham Research dropped their target price on shares of Andersons to $23.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating, Andersons has an average rating of “Hold” and an average price target of $24.00.

Large investors have recently modified their holdings of the business. BlackRock Inc. grew its stake in shares of Andersons by 5.7% in the 2nd quarter. BlackRock Inc. now owns 4,177,682 shares of the basic materials company’s stock worth $113,801,000 after buying an additional 225,673 shares during the last quarter. Heartland Advisors Inc. acquired a new position in shares of Andersons during the second quarter worth $3,405,000. Deprince Race & Zollo Inc. increased its position in shares of Andersons by 14.1% during the second quarter. Deprince Race & Zollo Inc. now owns 991,637 shares of the basic materials company’s stock worth $27,012,000 after purchasing an additional 122,490 shares in the last quarter. Nuveen Asset Management LLC acquired a new position in shares of Andersons during the second quarter worth $3,140,000. Finally, Russell Investments Group Ltd. increased its position in shares of Andersons by 50.3% during the third quarter. Russell Investments Group Ltd. now owns 337,507 shares of the basic materials company’s stock worth $7,572,000 after purchasing an additional 112,907 shares in the last quarter. 75.72% of the stock is currently owned by institutional investors.

Andersons Company Profile

The Andersons, Inc, an agriculture company, operates in the grain, ethanol, plant nutrient, and rail sectors in the United States and internationally. The company's Grain segment operates grain elevators; stores grains; and provides grain marketing, risk management, and corn origination services to its customers and affiliated ethanol facilities.

Further Reading: Dividend Aristocrat Index

Insider Buying and Selling by Quarter for Andersons (NASDAQ:ANDE)

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