Andersons Inc (NASDAQ:ANDE) VP Naran Uchur Burchinow sold 2,200 shares of the business’s stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $35.95, for a total value of $79,090.00. Following the completion of the transaction, the vice president now directly owns 26,963 shares in the company, valued at approximately $969,319.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Andersons Inc (ANDE) traded up $0.40 during trading on Monday, reaching $37.05. The company’s stock had a trading volume of 74,288 shares, compared to its average volume of 145,117. The company has a current ratio of 1.35, a quick ratio of 0.47 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $1,030.00, a price-to-earnings ratio of -33.99 and a beta of 1.19. Andersons Inc has a one year low of $29.60 and a one year high of $39.35.
Andersons (NASDAQ:ANDE) last posted its quarterly earnings data on Wednesday, February 14th. The basic materials company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.20. The company had revenue of $1 billion for the quarter, compared to analyst estimates of $1.21 billion. Andersons had a return on equity of 4.83% and a net margin of 1.12%. The business’s revenue was down 9.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.36 earnings per share. equities analysts forecast that Andersons Inc will post 1.79 EPS for the current year.
Several institutional investors and hedge funds have recently modified their holdings of ANDE. IndexIQ Advisors LLC lifted its stake in shares of Andersons by 413.0% during the third quarter. IndexIQ Advisors LLC now owns 3,360 shares of the basic materials company’s stock valued at $115,000 after acquiring an additional 2,705 shares during the period. SG Americas Securities LLC lifted its stake in shares of Andersons by 82.7% during the third quarter. SG Americas Securities LLC now owns 5,498 shares of the basic materials company’s stock valued at $188,000 after acquiring an additional 2,489 shares during the period. Public Employees Retirement System of Ohio lifted its stake in shares of Andersons by 10.2% during the second quarter. Public Employees Retirement System of Ohio now owns 5,928 shares of the basic materials company’s stock valued at $202,000 after acquiring an additional 549 shares during the period. Teacher Retirement System of Texas acquired a new position in shares of Andersons during the fourth quarter valued at $284,000. Finally, Stone Ridge Asset Management LLC acquired a new position in shares of Andersons during the fourth quarter valued at $323,000. 78.46% of the stock is currently owned by institutional investors and hedge funds.
Separately, Zacks Investment Research lowered Andersons from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 16th. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $34.50.
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Andersons Company Profile
The Andersons, Inc is a diversified company. The Company conducts business across North America in the grain, ethanol, plant nutrient and rail sectors. The Company also produces turf and cob products. The Company operates through segments, including Grain, Ethanol, Rail and Plant Nutrient. Its Grain business operates grain elevators in various states in the United States Corn Belt.
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