The Andersons, Inc. (NASDAQ:ANDE) Insider Sells $113,692.86 in Stock

The Andersons, Inc. (NASDAQ:ANDE) insider Joseph E. Mcneely sold 2,382 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $47.73, for a total value of $113,692.86. Following the completion of the sale, the insider now directly owns 49,601 shares in the company, valued at approximately $2,367,455.73. This trade represents a 4.58 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Andersons Stock Down 1.9 %

Shares of ANDE stock opened at $46.95 on Thursday. The Andersons, Inc. has a 1 year low of $41.76 and a 1 year high of $61.46. The stock has a market cap of $1.60 billion, a PE ratio of 13.41 and a beta of 0.57. The business’s fifty day moving average is $47.98 and its 200-day moving average is $49.15. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.23 and a current ratio of 1.98.

Andersons (NASDAQ:ANDE) last issued its quarterly earnings results on Monday, November 4th. The basic materials company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.37. Andersons had a return on equity of 8.21% and a net margin of 1.06%. The company had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same period last year, the firm earned $0.13 EPS. The firm’s revenue for the quarter was down 27.9% on a year-over-year basis.

Hedge Funds Weigh In On Andersons

A number of hedge funds have recently modified their holdings of ANDE. Price T Rowe Associates Inc. MD grew its holdings in shares of Andersons by 3.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 39,011 shares of the basic materials company’s stock worth $2,239,000 after acquiring an additional 1,382 shares during the last quarter. Comerica Bank grew its holdings in shares of Andersons by 29.2% during the first quarter. Comerica Bank now owns 18,993 shares of the basic materials company’s stock valued at $1,090,000 after buying an additional 4,290 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Andersons by 323.4% during the first quarter. EverSource Wealth Advisors LLC now owns 1,084 shares of the basic materials company’s stock valued at $60,000 after buying an additional 828 shares in the last quarter. CX Institutional grew its holdings in shares of Andersons by 4.0% during the second quarter. CX Institutional now owns 54,943 shares of the basic materials company’s stock valued at $2,725,000 after buying an additional 2,093 shares in the last quarter. Finally, Diversified Trust Co grew its holdings in shares of Andersons by 7.1% during the second quarter. Diversified Trust Co now owns 10,210 shares of the basic materials company’s stock valued at $506,000 after buying an additional 676 shares in the last quarter. 87.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Andersons from a “hold” rating to a “buy” rating in a research note on Wednesday, November 13th.

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.