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

The Andersons, Inc. (NASDAQ:ANDE) VP Weston Heide sold 800 shares of the firm’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $48.00, for a total value 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 $772,992. This trade represents a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Andersons Price Performance

ANDE stock opened at $45.53 on Friday. The Andersons, Inc. has a 52-week low of $39.25 and a 52-week high of $61.46. The business has a fifty day moving average of $41.86 and a two-hundred day moving average of $45.92. The stock has a market cap of $1.55 billion, a price-to-earnings ratio of 13.71 and a beta of 0.58. The company has a quick ratio of 1.23, a current ratio of 1.65 and a debt-to-equity ratio of 0.38.

Andersons (NASDAQ:ANDE) last posted its earnings results on Tuesday, February 18th. The basic materials company reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.34. Andersons had a net margin of 1.01% and a return on equity of 7.59%. The firm had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $2.72 billion. As a group, research analysts anticipate that The Andersons, Inc. will post 3.11 earnings per share for the current year.

Andersons Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Tuesday, April 1st will be issued a $0.195 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $0.78 annualized dividend and a dividend yield of 1.71%. Andersons’s dividend payout ratio is presently 23.49%.

Hedge Funds Weigh In On Andersons

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp boosted its stake in shares of Andersons by 2.2% in the third quarter. State Street Corp now owns 1,337,344 shares of the basic materials company’s stock valued at $67,054,000 after purchasing an additional 28,773 shares during the period. Nordea Investment Management AB grew its position in shares of Andersons by 86.5% during the fourth quarter. Nordea Investment Management AB now owns 101,099 shares of the basic materials company’s stock worth $4,110,000 after buying an additional 46,903 shares in the last quarter. Peoples Bank KS increased its stake in shares of Andersons by 250.0% during the fourth quarter. Peoples Bank KS now owns 700 shares of the basic materials company’s stock worth $28,000 after buying an additional 500 shares during the period. Intech Investment Management LLC increased its stake in shares of Andersons by 375.0% during the third quarter. Intech Investment Management LLC now owns 42,225 shares of the basic materials company’s stock worth $2,117,000 after buying an additional 33,336 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Andersons by 23.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 652,579 shares of the basic materials company’s stock valued at $32,720,000 after acquiring an additional 124,468 shares in the last quarter. 87.06% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ANDE has been the subject of a number of analyst reports. Stephens reissued an “overweight” rating and issued a $55.00 price objective on shares of Andersons in a report on Wednesday. StockNews.com cut 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.