Michael J. Anderson Sells 1,761 Shares of Andersons Inc (ANDE) Stock

Andersons Inc (NASDAQ:ANDE) Director Michael J. Anderson sold 1,761 shares of the stock in a transaction on Friday, March 15th. The shares were sold at an average price of $35.36, for a total transaction of $62,268.96. Following the completion of the transaction, the director now owns 411,961 shares of the company’s stock, valued at approximately $14,566,940.96. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Shares of Andersons stock opened at $33.97 on Wednesday. The stock has a market cap of $1.12 billion, a P/E ratio of 22.90 and a beta of 1.24. The company has a quick ratio of 0.40, a current ratio of 1.23 and a debt-to-equity ratio of 0.57. Andersons Inc has a 12-month low of $27.62 and a 12-month high of $41.70.

Andersons (NASDAQ:ANDE) last announced its earnings results on Wednesday, February 13th. The basic materials company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.16. The business had revenue of $812.66 million during the quarter, compared to analysts’ expectations of $1.08 billion. Andersons had a net margin of 1.36% and a return on equity of 4.99%. The firm’s revenue for the quarter was down 19.1% on a year-over-year basis. During the same quarter last year, the company posted $0.67 EPS.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 22nd. Investors of record on Monday, April 1st will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date is Friday, March 29th.

Several institutional investors have recently made changes to their positions in ANDE. Contravisory Investment Management Inc. acquired a new stake in shares of Andersons during the 4th quarter worth about $105,000. ClariVest Asset Management LLC bought a new stake in Andersons during the 3rd quarter worth about $137,000. Ibex Investors LLC bought a new stake in Andersons during the 3rd quarter worth about $200,000. Auxier Asset Management bought a new stake in Andersons during the 3rd quarter worth about $219,000. Finally, Trexquant Investment LP bought a new stake in Andersons during the 3rd quarter worth about $233,000. Institutional investors and hedge funds own 68.69% of the company’s stock.

ANDE has been the subject of a number of recent research reports. TheStreet upgraded shares of Andersons from a “c” rating to a “b” rating in a research note on Thursday, February 14th. BidaskClub upgraded shares of Andersons from a “hold” rating to a “buy” rating in a research note on Monday, January 7th. Finally, Zacks Investment Research upgraded shares of Andersons from a “sell” rating to a “hold” rating in a research note on Wednesday, November 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $41.33.

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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.

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

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