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Andersons (NASDAQ:ANDE) is trading 5.4% lower on insider selling


Andersons, Inc. (NASDAQ:ANDE – Get Free Report) fell 5.4% in afternoon trading on Wednesday due to insider selling activity. The company traded as low as $56.94 and last traded at $57.14. During trading, 133,904 shares changed hands, down 27% from the average session volume of 183,554 shares. The stock previously closed at $60.41.

Specifically, CEO Patrick E. Bowe sold 1,338 shares of the stock in a transaction dated Tuesday, March 19th. The shares sold at an average price of $55.12, for a total transaction of $73,750.56. Following the transaction, the CEO now directly owns 89,315 shares of the company’s stock, valued at approximately $4,923,042.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Patrick E. Bowe sold 1,338 shares of the company’s stock in a transaction dated Tuesday, March 19. The shares sold at an average price of $55.12, for a total value of $73,750.56. Following the sale, the CEO now directly owns 89,315 shares of the company’s stock, valued at approximately $4,923,042.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed via this link. Also, CEO Patrick E. Bowe sold 34,597 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $55.46, for a total transaction of $1,918,749.62. Following the completion of the transaction, the CEO now directly owns 83,515 shares of the company’s stock, valued at $4,631,741.90. The explanation of this sale can be found here. Insiders have sold a total of 45,245 shares of the company’s stock worth $2,534,099 over the last three months. Corporate insiders own 5.10% of the company’s shares.

Analyst upgrades and downgrades

ANDE has been the subject of a number of recent research reports. StockNews.com upgraded shares of Andersons from a “hold” rating to a “buy” rating in a research 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 6. Five investment analysts have rated the stock with a buy rating. According to data from MarketBeat.com, Andersons currently has an average rating of Buy and an average price target of $62.50.

Check out our latest Andersons stock report

Andersons shares fell 5.0%

The company’s 50-day moving average is $55.71 and its 200-day moving average is $53.60. The stock has a market cap of $1.95 billion, a price-to-earnings ratio of 19.52 and a beta of 0.68. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.00 and a current ratio of 1.72.

Andersons (NASDAQ:ANDE – Get Free Report) last reported its earnings results on Wednesday, February 21st. The basic materials company reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.48. Andersons had a net margin of 0.69% and a return on equity of 8.19%. The company had revenue of $3.21 billion for the quarter, compared to analyst expectations of $4.26 billion. During the same quarter of the previous year, the company posted earnings per share of $0.98. The company’s quarterly revenue fell 31.3% year over year. On average, sell-side analysts predict that The Andersons, Inc. will record a profit per share of 2.54 for the current financial year.

Anderson’s dividend announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 22. Well-known shareholders received a dividend of $0.19 per share on Monday, April 1. The ex-dividend date was Thursday, March 28. This represents a dividend of $0.76 annually and a dividend yield of 1.32%. Andersons payout ratio is 25.85%.

Institutional inflow and outflow

Several institutional investors and hedge funds have recently changed their holdings of ANDE. Pacer Advisors Inc. increased its stake in Andersons by 64.5% in the fourth quarter. Pacer Advisors Inc. now owns 2,314,734 shares of the basic materials company’s stock valued at $133,190,000 after buying an additional 907,734 shares during the period. American Century Companies Inc. increased its stake in Andersons by 68.2% in the third quarter. American Century Companies Inc. now owns 412,868 shares of the basic materials company valued at $21,267,000 after purchasing an additional 167,473 shares in the last quarter. Panagora Asset Management Inc. increased its stake in Andersons by 54.0% in the third quarter. Panagora Asset Management Inc. now owns 143,178 shares of the basic materials company, valued at $7,375,000, after purchasing an additional 50,216 shares in the last quarter. Vanguard Group Inc. increased its stake in Andersons by 1.2% in the third quarter. Vanguard Group Inc. now owns 3,971,447 shares of the basic materials company valued at $204,569,000 after purchasing an additional 47,494 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in Andersons by 111.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 88,336 shares of the basic materials company’s stock valued at $5,083,000 after purchasing an additional 46,587 shares in the last quarter. Institutional investors and hedge funds own 87.06% of the company’s shares.

About Anderson’s

(Get a free report)

The Andersons, Inc operates in the trade, renewable energy, nutrients and industrial sectors in the United States, Canada, Mexico, Egypt, Switzerland and internationally. It operates through three segments: Trade, Renewable Energy and Nutrient & Industrial. The company’s trading segment operates grain elevators; stores raw materials; and provides grain marketing, risk management and origination services, and also sells commodities, such as corn, soybeans, wheat, oats, ethanol and corn oil.

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