The Andersons, Inc. (NASDAQ:ANDE) VP Weston Heide Sells 800 Shares of Stock

The Andersons, Inc. (NASDAQ:ANDE) VP Weston Heide sold 800 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $48.00, for a total transaction of $38,400.00. Following the completion of the sale, the vice president now directly owns 16,104 shares of the company’s stock, valued at approximately $772,992. The trade was a 4.73 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Andersons Trading Down 3.4 %

NASDAQ ANDE opened at $46.17 on Friday. The firm has a market cap of $1.57 billion, a PE ratio of 13.91 and a beta of 0.58. The Andersons, Inc. has a 52 week low of $39.25 and a 52 week high of $61.46. The company has a quick ratio of 1.23, a current ratio of 1.98 and a debt-to-equity ratio of 0.36. The company has a 50 day moving average price of $41.85 and a 200 day moving average price of $45.95.

Andersons (NASDAQ:ANDE) last issued its quarterly earnings data on Tuesday, February 18th. The basic materials company reported $1.36 EPS for the quarter, beating the consensus estimate of $1.02 by $0.34. Andersons had a return on equity of 7.71% and a net margin of 1.01%. The firm had revenue of $3.12 billion during the quarter, compared to analyst estimates of $2.72 billion. As a group, sell-side analysts forecast that The Andersons, Inc. will post 3.11 EPS for the current fiscal year.

Andersons Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Tuesday, April 1st will be issued a dividend of $0.195 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $0.78 annualized dividend and a dividend yield of 1.69%. Andersons’s dividend payout ratio (DPR) is presently 23.49%.

Institutional Investors Weigh In On Andersons

Hedge funds have recently added to or reduced their stakes in the business. Creative Planning lifted its holdings in shares of Andersons by 6.2% in the 3rd quarter. Creative Planning now owns 5,261 shares of the basic materials company’s stock valued at $264,000 after buying an additional 309 shares during the period. Summit Place Financial Advisors LLC raised its position in Andersons by 5.9% during the third quarter. Summit Place Financial Advisors LLC now owns 22,186 shares of the basic materials company’s stock valued at $1,112,000 after acquiring an additional 1,230 shares in the last quarter. James Investment Research Inc. lifted its holdings in Andersons by 7.7% in the third quarter. James Investment Research Inc. now owns 9,478 shares of the basic materials company’s stock valued at $475,000 after acquiring an additional 675 shares during the period. Summit Global Investments boosted its position in Andersons by 41.5% in the 3rd quarter. Summit Global Investments now owns 13,088 shares of the basic materials company’s stock worth $656,000 after purchasing an additional 3,840 shares in the last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of Andersons by 7.0% during the 3rd quarter. Victory Capital Management Inc. now owns 488,505 shares of the basic materials company’s stock valued at $24,494,000 after purchasing an additional 31,881 shares in the last quarter. 87.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on ANDE. Stephens reaffirmed an “overweight” rating and issued a $55.00 price objective on shares of Andersons in a research report on Wednesday. StockNews.com downgraded shares of Andersons from a “buy” rating to a “hold” rating in a research note on Thursday.

Andersons Company Profile

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.