Andersons (NASDAQ:ANDE) Trading Down 5.4% on Insider Selling

The Andersons, Inc. (NASDAQ:ANDE)’s stock price fell 5.4% during mid-day trading on Wednesday following insider selling activity. The stock traded as low as $56.94 and last traded at $57.14. 133,904 shares were traded during trading, a decline of 27% from the average session volume of 183,554 shares. The stock had previously closed at $60.41.

Specifically, CEO Patrick E. Bowe sold 3,387 shares of the stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $60.01, for a total value of $203,253.87. Following the transaction, the chief executive officer now directly owns 85,159 shares of the company’s stock, valued at approximately $5,110,391.59. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Andersons news, CEO Patrick E. Bowe sold 2,623 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $55.22, for a total value of $144,842.06. Following the transaction, the chief executive officer now directly owns 90,653 shares of the company’s stock, valued at approximately $5,005,858.66. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Patrick E. Bowe sold 3,387 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $60.01, for a total transaction of $203,253.87. Following the transaction, the chief executive officer now directly owns 85,159 shares in the company, valued at $5,110,391.59. The disclosure for this sale can be found here. Insiders have sold a total of 45,245 shares of company stock valued at $2,534,099 in the last three months. 5.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. StockNews.com raised shares of Andersons from a “hold” rating to a “buy” rating in a report on Thursday, January 11th. Roth Capital reaffirmed a “buy” rating and set a $65.00 target price on shares of Andersons in a report on Tuesday, February 6th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $62.50.

Andersons Price Performance

The business’s 50 day moving average is $55.71 and its 200-day moving average is $53.60. The firm has a market capitalization of $1.95 billion, a P/E ratio of 19.52 and a beta of 0.68. The company has a quick ratio of 1.00, a current ratio of 1.72 and a debt-to-equity ratio of 0.37.

Andersons (NASDAQ:ANDE) last issued its earnings results on Wednesday, February 21st. The basic materials company reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.48. The firm had revenue of $3.21 billion for the quarter, compared to analyst estimates of $4.26 billion. Andersons had a net margin of 0.69% and a return on equity of 8.19%. The company’s quarterly revenue was down 31.3% on a year-over-year basis. During the same quarter last year, the business posted $0.98 earnings per share. As a group, sell-side analysts predict that The Andersons, Inc. will post 2.54 EPS for the current fiscal year.

Andersons Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Monday, April 1st were issued a $0.19 dividend. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $0.76 annualized dividend and a yield of 1.32%. Andersons’s payout ratio is 25.85%.

Hedge Funds Weigh In On Andersons

Hedge funds and other institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC raised 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 purchasing an additional 208 shares during the period. C M Bidwell & Associates Ltd. acquired a new position in shares of Andersons during the third quarter valued at about $33,000. Creekmur Asset Management LLC acquired a new position in shares of Andersons during the fourth quarter valued at about $41,000. Global Retirement Partners LLC acquired a new position in shares of Andersons during the first quarter valued at about $66,000. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of Andersons in the 3rd quarter worth about $107,000. Institutional investors and hedge funds own 87.06% of the company’s stock.

About Andersons

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.